Cayman Islands
Tax & Regulation | 14 Oct 15
Belvedere’s Brighton SPC wound up after CIMA takeover
Troubled Belvedere-owned Brighton SPC has been put into liquidation after the Cayman Islands Monetary Authority took control of the unit in June.
JTC buys Cayman fund administration business from GAM
Fund service provider JTC Group has added to its fast-growing acquisition list with the purchase of GAM’s fund administration business in the Cayman Islands.
Cayman court’s first valuation verdict on minority side
East Capital, a Swedish fund company specialising in emerging and frontier markets, said it won a landmark case in the Cayman Islands defending the rights of minority shareholders.
Tax & Regulation | 15 Sep 15
CIMA petitions to wind up Belvedere-owned Brighton SPC
A petition has been issued by the Cayman Islands’ financial watchdog to wind up one of Belvedere Management Group’s troubled investment vehicles, Brighton SPC, after it found evidence to suggest its offering was “false since inception”.
Tax & Regulation | 4 Sep 15
UK appears to ease pressure on Cayman over ownership register
The UK Government appears to have relaxed its demands on the Cayman Islands to create a public register that reveals the owners of companies, despite Prime Minister David Cameron calling on overseas jurisdictions to increase transparency.