By Alric Lindsay Historically, when you thought of a non-executive director of an offshore fund, you pictured a retiree accepting a limited number of appointments to earn a passive income. The onshore and offshore regulatory landscapes have since evolved,...
Business
By Alric Lindsay According to a post-meeting summary of a meeting of the Cabinet that convened on Tuesday, October 15, 2024, the Cabinet approved the issuance of drafting instructions to develop a Director’s Disqualification Act and any necessary regulations. ...
Cayman Islands Bankers’ Association Press Release In light of the Hurricane Warning being in effect for the Cayman Islands, the Cayman Island Bankers’ Association members who are retail banks have made the decision to close all banking centers tomorrow...
By Alric Lindsay Directors of Cayman-based funds will be familiar with provisions of agreements with fund administrators, auditors and other service providers where these third parties seek indemnities or to limit or exclude liability. Sometimes, these provisions are left...
Spectrum Press Release Taking place in early October, Spectrum 2024 attracted almost 200 attendees – bringing together industry leaders to explore the future of financial services and discussing key topics like artificial intelligence (AI), diversity, and evolving regulatory frameworks....
Cayman Fund Liquidations: Only A Few Dates Left To Complete Regulatory Filings To Avoid 2025 Fees
4 min read
By Alric Lindsay If you are still considering terminating your Cayman fund by voluntary liquidation, there are only a few dates before the 2024 calendar year ends to complete statutory and regulatory filings. Timely completion is critical because, in...
By Alric Lindsay As members of the public are aware, the Cayman Islands Government is considering the introduction of a third submarine cable to connect networks in the Cayman Islands to the rest of the world (the two existing...
International Property Awards Recognise Design Excellence At Newly Opened Dart-Owned Properties
5 min read
Hotel Indigo® Grand Cayman, Pom Pom and Bonny Moon Beach Club among latest award winners Some of the latest additions to the Dart’s hospitality portfolio have been celebrated as representing the best interior design in the Cayman Islands. Hotel...
Hayley Barnard to Deliver Keynote on Gender Inclusiveness at the 4th Annual Spectrum Conference.
6 min read
Spectrum Press Release The 4th annual Spectrum Financial Services Conference is set to make waves this year, with a dynamic lineup of speakers, headlined by Hayley Barnard, CEO of Mix Diversity Developers. Barnard, a global thought leader in diversity...
By Alric Lindsay According to a claim stamped by the Grand Court on September 19, 2024, Nixon Enterprises Ltd. (trading as Rubis Savannah) is suing its former employee, Dale Allen, for misappropriating bank deposits of CI $245,456.64. Additionally, Rubis...