Cayman News

  • America Is Enabling Tax Evasion

    February 11, 2016
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    The combination of increasing inequality and anemic economic growth has thrown a political spotlight on tax havens. Research has shown that governments are losing at least $200 billion in potential tax dollars every year because of them. Politicians throughout the world are feeling pressure to address this perceived injustice.

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  • Cayman Copies Delaware For Limited Liability Law

    February 5, 2016
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    Cayman has taken the blueprint from Delaware for the introduction of its new Limited Liability Company (LLC) legislation.

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  • Beneficial ownership FAQ

    February 5, 2016
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    What is beneficial ownership?

    Beneficial owners are individuals who ultimately control a company or benefit from it.

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  • Colleagues mark retirement of Justice Foster

    February 4, 2016
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    A farewell ceremony to mark the retirement of Justice Angus Foster, hosted by Governor Helen Kilpatrick, recognised him for his “significant contributions to the administration of justice”. Justice Foster was one of six founding judges of the Financial Services Division (FSD) of the Grand Court in 2009, following his retirement from Walkers as a commercial lawyer and litigator.

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  • Open-Ended Funds To Lock-Up Funds – Are Fund Managers Changing Focus?

    January 28, 2016
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    The Cayman Islands have traditionally been most closely associated with open-ended hedge fund products, wherein managers permit their investors regular liquidity. Such funds employ a variety of different strategies but crucially all issue interests, typically shares in exempted companies, which are redeemable at the option of the investors. This liquidity causes such funds to fall within the ambit of…

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