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Business in brief

Appleby Cayman has donated $1,000 to the Cayman Islands Cancer Society’s Stride Against Cancer annual walk/run, which takes place on Sunday, 31 Jan.

Business in brief

Farah Ballands has decided to step down as CEO of Ocorian. Current chairman Frederik van Tuyll will take over the responsibilities of the chief executive officer role on 31 March 2021 in addition to those as chairman.

Business in brief

Public Service Pensions Board updates administration system The Public Service Pension Board has selected a new provider to replace its pension-administration system. Sagitec’s pension-administration solution NeospinTM...

Appleby awards legal scholarship

Offshore law firm Appleby has awarded its legal scholarship for the 2019‑2020 school year to Charles Allen.

Appleby signs on as sponsor of DG’s 5K

Appleby, a Platinum Sponsor of the Deputy Governor’s 5K Challenge has donated $17,500 to the annual run’s chosen charities.
An aerial view of the business area of downtown George Town, Grand Cayman

Offshore insolvency petitions decline but Cayman bucks trend

The total number of winding up petition filings in offshore jurisdictions dropped by more than a third last year compared to 2017, a trend that continued in 2019, offshore law firm Appleby noted in its latest Offshore Corporate Insolvency and Restructuring report.

Appleby sponsors European Fund Finance Symposium

Leading offshore law firm Appleby is a platinum sponsor of the European Fund Finance Symposium, which takes place in London on 20 June.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

Appleby nominated for offshore law firm of the year

Appleby has been shortlisted in the Offshore Law Firm of Year category at The Lawyer Awards 2019.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

Appleby sponsors Transcontinental Trusts International Forum

Appleby announced it is a sponsor of the annual Private Client TransTrusts International Forum held in Bermuda from 5-7 June 2019. Private Client and Trusts Partners Carlos de Serpa Pimentel and Alison MacKrill will be speaking on various panels throughout the event.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

Appleby announces 2019 promotions

Appleby has promoted three lawyers to partner, two lawyers to counsel and one lawyer to senior associate.
An aerial view of the business area of downtown George Town, Grand Cayman

Cayman led offshore deal-making in 2018

The Cayman Islands remained the top jurisdiction for offshore deals last year. Cayman accounted for 31 percent of all offshore merger and acquisition transactions and 26 percent of total deal value in 2018, according to a report released by offshore law firm Appleby.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

Appleby sponsors STEP Cayman conference

Appleby is a sponsor of the 2019 STEP Cayman Islands conference for the second year and will have five representatives of the firm attending the event.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

Appleby launches technology guide

Appleby’s Global Technology and Innovation Group has launched its 2019 Technology and Innovation Offshore Guide which covers eight of the world’s largest offshore jurisdictions to provide clients with a single resource to help them identify the most suitable jurisdiction and structure for their technology projects.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

Appleby partner nominated for Trusted Advisor of the Year

Appleby Partner and Group Head of the Private Client and Trusts practice, Carlos de Serpa Pimentel, has been nominated as a finalist for the Trusted Advisor of the Year award at the STEP Private Client Awards 2018/19.

Appleby, Guardian, BBC settle breach of confidence lawsuit

Appleby, The Guardian newspaper and the BBC announced they have settled a lawsuit brought by the offshore law firm against the British media organizations in the wake of the so-called “Paradise Papers” coverage that was based on documents that Appleby said were stolen from the firm in a cyberattack.

Appleby awards funds to nonprofits following its annual Charity Day

Appleby held its fifth annual Charity Day and selected nine nonprofit organizations in child and family welfare, education and animal welfare to receive financial assistance.

Appleby appoints partner to dispute resolution team

David Lee has joined Appleby’s Dispute Resolution practice as a partner.

EDITORIAL – All about the ‘Papers’: The journalistic assault on global finance

Our readers in the Cayman Islands may not have heard of the “International Consortium of Journalists,” but by now are certainly familiar with their work.

Journalists and offshore representatives clash at OffshoreAlert conference

The fight between offshore law firm Appleby and the International Consortium of Investigative Journalists over the publication of the firm’s client data in the international press continued at the annual OffshoreAlert conference.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

Appleby announces partner promotions

Appleby has promoted two of its corporate lawyers, Samuel Banks and Jacob MacAdam, to partners, and one of its dispute resolution lawyers, Paul Kennedy, to counsel.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

Appleby advises on insurance transaction

The private equity team at Appleby has advised Cunningham Lindsey on the Cayman Islands law aspects of the company’s sale to Sedgwick Claims Management Services, Inc.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

Appleby sponsors Fund Finance Symposium in New York

Appleby is the platinum sponsors of the eighth annual Global Fund Finance Symposium on March 21 in New York City.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

Appleby invites applications for legal scholarships, internships

Appleby is now accepting applications for legal scholarships, articles of clerkship and internships, and representatives will be available at the Chamber of Commerce Careers Expo on Friday, Feb. 23, to provide more information.

Appleby sues BBC and Guardian over Paradise Papers

Appleby is taking legal action against two U.K.-based media organizations, the BBC and The Guardian, over their reporting of offshore transactions by the law firm’s clients based on what Appleby calls confidential information taken in a “criminal act.”

Panelists: Paradise Papers fallout more about data protection than tax

Cayman will inevitably see an effect from the Paradise Papers media reports based on data from offshore law firm Appleby, but for panelists at the Campbells Fund Focus conference, the greater consequences will be in terms of data security rather than any reputational damage.

‘Paradise Papers’ hit headlines

Leaked records from offshore law firm Appleby involving the dealings of U.S. Commerce Secretary Wilbur Ross, Queen Elizabeth II, advisers to U.S. President Donald Trump, political donors and other law firm clients have sparked a flurry of media reports around the world.

Fallout begins from Appleby data breach

The allegations are still not known but the Isle of Man and offshore law firm Appleby are trying to preempt potentially damaging media stories resulting from a data breach at the Bermuda-headquartered law firm.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

Appleby confirms data breach

Offshore law and fiduciary firm Appleby confirmed it has received inquiries from the International Consortium of Investigative Journalists in relation to documents that may have been subject to an alleged hack at the firm.

Local business in brief: Knighthead Annuity hires business development specialist

Knighthead Annuity & Life Assurance Company has hired Richard Andrews as business development specialist.

Local business in brief: Scotiabank awards financial support to students

Scotiabank has awarded five Caymanian students each with a US$5,000 student bursary. The bursary provides additional financial support to students attending an overseas university. The Scotiabank bursary supports Caymanian students in financial need who are seeking to pursue an undergraduate degree in business or finance at a college/university overseas.

Ocean Rig group completes $3.7 billion restructuring

Ocean Rig UDW Inc., the Nasdaq-listed international contractor of offshore deepwater drilling services, completed one of the largest cross-border restructurings in the Cayman Islands and emerged from bankruptcy last week.

Business in brief: EY awards scholarships

EY has selected Jamal Hinds and Raidez Perez as the winners of this year’s EY Cayman Scholarships. The scholarships have a value of up to $30,000 a year for a maximum of five years until recipients have completed the minimum educational requirements to qualify as a CPA.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

In brief: Tax information exchange reporting deadline extended

The Department for International Tax Cooperation (DITC) has advised Cayman Islands financial institutions that the notification deadline for U.S. FATCA and the Common Reporting Standard for the calendar year 2016 has been extended to 31 July 2017.

Finance lawyer Julian Black remembered

Friends, family and colleagues have paid tribute to local finance lawyer Julian Black, who died earlier this month at the age of 48. Mr. Black a former partner at both Walkers and Appleby and more recently the group director of Estera Trust, was hailed as one of the island’s finest advocates.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

Cross-border protocols for commercial courts edge closer

An international forum of senior judges held in London this month paved the way for more cross-border cooperation between commercial courts. The purpose of the forum, organized by the Lord Chief Justice of England and Wales, Lord John Thomas, who recently visited Cayman as guest speaker at the Cayman Islands Judiciary’s eighth annual Distinguished Guest Lecture Series, was to develop protocols for cross-border collaboration and cooperation.

Business in brief: Appleby’s hosts charity day

Several local charities are able to offer continued services in animal care, child and family welfare and education in the Cayman community as a result of Appleby’s Cayman charity day event.

Cayman tops offshore deal-making in 2016

The Cayman Islands was the main offshore jurisdiction for mergers and acquisitions in 2016, with about a third of all offshore transactions involving Cayman-based companies. Offshore law firm Appleby noted in its latest Offshore-i report that last year Cayman-incorporated companies were the target of 920 transactions worth a combined US$84 billion, representing 36 percent of total offshore deal value.

Business in brief: Maples donates $50K to YMCA

The Maples group is sponsoring YMCA Cayman Islands with a donation of CI$50,000 from the Maples Foundation.

Appleby partner receives award

Appleby Partner Simon Raftopoulos has received the Lee A. Freeman award for volunteering his legal services to the local community, as part of the Family Resource Centre’s Legal Befrienders program.

Business in brief

SteppingStones opens U.K. office, Sackville wins Caribbean Trust Company of the Year, BDO reminds U.S. taxpayers of deadline, Mentoring Cayman Class attends educational workshop, Appleby acts as offshore counsel in Chinese convertible bond transaction

Business in brief: Mourant Ozannes sponsors anti-drink driving campaign

Law firm, Mourant Ozannes, the National Drug Council, the Royal Cayman Islands Police Service, ecaytrade.com and Radio Cayman have helped launch an anti-drink driving campaign this holiday season with the message “Don’t Drink and Drive – designate a driver.”

Appleby acts in Hong Kong Stock Exchange listings

Offshore law firm Appleby acted as Cayman counsel to four listings on both the Main Board and Growth Enterprise Market of the Hong Kong Stock Exchange last month. Appleby acted for PFC Device Inc., Goal Forward Holdings Limited and Tai Kam Holdings Limited in their GEM Board listings.

Appleby appoints global communications manager

Lynne Capie joins offshore law firm Appleby as global communications manager based in Appleby’s Jersey office.

Business in brief: DCI processes police clearances for business licenses

CUC declares dividend; New Walkers attorney admitted to Bar; Appleby shortlisted for 2017 IFC Caribbean Award and more.

Business in brief: Danesmead Partners expands team

The ins and outs of the local business community.

Court: Work permit change was legal

An Immigration Department decision to grant new work permits to two Cayman Islands attorneys who quit their jobs last year was legal, a Cayman Islands Grand Court judge has ruled.

Business in brief: Workshop held on culture/heritage policy

Members of the committee that is leading work to create the Cayman Islands’ first National Cultural and Heritage Policy and Plan.

Business in Brief: CUC appoints new vice president

Early liquor licensing renewals encouraged; Harneys admits Caymanian lawyer to Bar; Maples and CIASA continue partnership for swimmers; Appleby awards 2016 student scholarships

Business in Brief: Small business workshop on fraud risk and prevention

Harneys hires litigation partner in Hong Kong; RE/MAX to sponsor Flowers Sea Swim for five years; Appleby adds investment funds partner and more.

Business in brief: Professional accountants’ group has new brand

The Cayman Islands Institute of Professional Accountants celebrated the official launch of CIIPA last week with more than 70 members, government representatives and members of the financial services industry.

Business in Brief: SME workshop set for May 12

Forbes Hare expands Cayman litigation practice; Appleby counsel speaks at key insurance events; Hurley’s Media raises nearly $20,000 for Cancer Society.

Business in brief: Appleby partner receives Lee Freeman Award

Appleby Partner Benjamin Woolf has received the Lee A. Freeman award for volunteering his legal services to the local community, as part of the Family Resource Centre’s Legal Befrienders program. Appleby also donated a new laptop to the center to help with the program.

Business in brief: Travers Thorp Alberga hires new partners, associates

Following the merger with British Virgin Islands law firm, Orion Law, Cayman Islands and BVI-based law firm Travers Thorp Alberga, has appointed three new partners and three new associates.

John Gray students hone interview skills

Focusing on exuding professionalism, aptitude and motivation, Year 11 students at John Gray High School recently took part in mock interviews as part of the school’s Career Activities Week. The event was designed to inform students about the prospects available to them in the workforce and what it takes to be competitive in a global marketplace.

Business in brief: Appleby announces management changes

Offshore law firm, Appleby, has announced a series of changes to its management team following the completion of the management buyout of its fiduciary business in December.

Kiteboarders raise thousands for Cancer Society

A small team of ambitious and charitable kiteboarders who plan to ride the wind from Little Cayman to Grand Cayman as part of the first Maples Kiting for Cancer event have raised $100,000 for the Cayman Islands Cancer Society.

Offshore IPOs on a five-year high

More than 200 offshore companies, the majority registered in the Cayman Islands, completed their initial public offerings in 2015. The number of IPOs involving companies...

Management buyout of Appleby Fiduciary Business completed

Appleby Fiduciary Business confirmed the completion of the management buyout from Appleby Group by private equity firm Bridgepoint on Dec. 31, 2015.

Cayman business in brief

Only 58 percent of hedge funds deliver positive returns; Tortuga obtains license to export rum to the US; Appleby advised Fosun on acquisition of Ironshore Insurance; Charities featured on Butterfield roundabout

Offshore private equity deals set to reach five-year high

Private equity deals accounted for more than a quarter of the total value of offshore mergers and acquisitions in the third quarter of 2015 and are set to reach the highest total dollar value in five years, according to a report by Appleby.

Crime prevention program up against funding crisis

There’s an audible intake of breath as officer Anthony Stewart pulls out the black replica pistol. If he did not have the class’s attention before, he does now.

Business in brief

KPMG renews partnership with St. Ignatius; Walkers welcomes two new articled clerks; Harneys adds lawyer to litigation team; Restructuring and insolvency expert joins Mourant Ozannes; ‘Walk for the Cure’ sees big response

Law Society's first Rugby World Cup to kick off

In Cayman’s first appearance in the Lawyers Rugby World Cup, 25 lawyers and law students will compete against eight law societies from around the world this week.

Business in brief

KeyTech Ltd. and CellOne to combine operations; The Security Centre Ltd. celebrates new office opening; Cayman Finance’s student program a success; Harneys opens Bermuda office; Maples and Calder grants scholarships to six Caymanians; Caymanian seconded to Intertrust Hong Kong

Jump in offshore transactions involving Cayman

The Cayman Islands saw an 85 percent increase in the number of mergers, acquisitions and initial public offerings in the second quarter of 2015 compared to the first quarter.

Business in brief

RBC Royal Bank launches private banking; interns get work experience at LIME; Mourant Ozannes expands Hong Kong practice; Appleby acted for holdings firm in Hong Kong listing

Rugby youngsters set for next test after triumph

The Cayman Islands national men’s Under-19 rugby team competed in the North America and Caribbean Rugby Association Championships in Orlando and brought home the winning Plate Trophy.

PwC newcomers edge out Appleby

The 2015 North Sound Golf Club Summer Corporate League wrapped up Friday night and PwC edged out defending champions Appleby to take home the trophy.

Appleby management in buyout of fiduciary business

Offshore law firm Appleby has announced the management buyout of its fiduciary business backed by private equity firm Bridgepoint.

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A roundup of business stories.

Man charged with attempted murder

A man arrested in connection with a knife attack Tuesday in downtown George Town has been charged with attempted murder and wounding.

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