Bermuda’s fund numbers fall behind the Cayman Islands
Much of the alternative fund administration industry has been located in offshore financial centres since the 1990s, when the so-called ‘10 commandments’ obliged funds to carry out various functions outside the United States to avoid tax complications. While the position…
Edwards acquitted on 1 count, mistrial on others
(AP) — John Edwards was acquitted on one charge of campaign finance fraud and a mistrial was declared on five other counts Thursday when jurors said they couldn’t decide if he illegally used money to hide his pregnant mistress while…
Diamond Jubilee Prayer
The following prayer, written at direction of Her Majesty Queen Elizabeth II by the Chapter of St Paul’s Cathedral for Her Majesty’s Diamond Jubilee, will be used in the Diamond Jubilee Thanksgiving Service in St. Paul’s Cathedral in London, on…
Lions club of Tropical Gardens is Club of the Year (2011-2012) for District 60B
The 32nd MD 60 Convention held in Trinidad from May 22-27 was indeed a “roaring” success. The Lions Club of Tropical Gardens (LCTG) in the Cayman Islands was once again recognized for its outstanding contributions to the Cayman Islands community…
New York District Reaffirms Extraterritorial Effect of the Automatic Stay in Cayman Islands case involving Bernard L. Madoff
On May 4, 2012, Judge J. Paul Oetken of the United States District Court of the Southern District of New York held that the Bankruptcy Court has the injunctive power to enforce the automatic stay against entities falling within the…
British firm accused of bribery payments to Cayman Island Company over Saudi deal
A British firm is accused of bribery over a £2 billion defence deal with Saudi Arabia, the Standard can reveal. David Cameron has been alerted to claims that the company, which supplies communications equipment to the Saudi national guard, paid £14 million…
Cayman Islands Monetary Authority approves acquisition of GO.L
(RTTNews.com) – SS&C Technologies Holdings Europe S.Ã r.l, an indirect wholly owned subsidiary of SS&C Technologies Holdings, Inc. (SSNC), said it has now received formal approval from the Cayman Islands Monetary Authority of the acquisition of GlobeOp’s (GO.L) GlobeOp Financial…
Pam Bondi did NOT get married in the Cayman Islands and it’s official
The did it happen or did it not happen story we reported on May 29 under the heading “Did THE wedding happen and did you know Cayman Islands is in the Bahamas?” has been answered. The first and most important…
Olympus settles with ex-chief Woodford after admitting lossmaking in Cayman Islands
Michael Woodford, the former Olympus chief executive, has reached an out-of-court settlement with the Japanese company for unfair dismissal. Mr Woodford was sacked just two weeks into his tenure after he raised questions about $1bn in suspicious payments made by…
Small island states plan to diversify into renewable energy
Linda Hutchinson-Jafar reports on the “Barbados Declaration” adopted at the Conference of Small Island Developing States held in Barbados earlier this month Many small island nations that depend on imported fossil fuels plan to diversify into renewable energy to free…
