10/18/2022
No penalties for businesses adjusting to new price controls
The statement continued: “The changes to the Price Control regulations come into full effect on October 17th, 2022.
Regulation, Risk & Compliance
10/18/2022
Apex Group announces collaboration with BlackRock’s eFront to bolster ESG data collection for private markets
The partnership will provide GPs with a combination of Apex Group services and eFront’s technology
10/17/2022
Bahamas to implement temporary price control measures on key food staples
Despite concerns of a global recession, the Bahamian economy is expected to see an 8 percent growth in GDP for this year.
10/17/2022
IoD responds to Population and Immigration Policy Review
The IoD said that it believes Guernsey’s declining workforce is a long-term, systemic issue which will require a multi-pronged approach to address this.
10/17/2022
Take privates by way of a scheme of arrangement in the Cayman Islands
The privatisation of a Cayman Islands company listed on the HKEX would typically be a scheme of arrangement.
10/14/2022
Early bankruptcy warning system among new insolvency reforms
Proposed laws will make it easier to manage the estate of insolvent entities
10/14/2022
Financial sector huddles over money crimes
Spotlight on Jam-Dex, real estate, lawyers, used-car and hardware trade
10/14/2022
Russia: Cayman Islands Sanctions Update
The Regulations also provide for a mechanism through which general licences can be issued, which allow multiple parties to undertake activities which would otherwise be prohibited by the Regulations without the need for a specific licence.
10/14/2022
Financial crime risk assessment is launched
Regulated trust and company service providers responsible for administering trusts will receive an invitation from myJFSC inviting them to complete the questionnaire.
10/14/2022
Chamber of Commerce warns minimum wage hike may bring more inflation, job cuts
Consumers spend decline could result in permanent closure for some businesses
10/13/2022
Employers offering more flexibility amidst pressure to recruit and retain staff
73% were offering, or were planning to offer, increased flexibility / remote working to fill vacancies.
10/13/2022
Privy Council clarifies the nature and ranking of a former trustee's equitable lien in insolvent trusts
Privy Council clarifies the nature and ranking of a former trustee's equitable lien in insolvent trusts
10/12/2022
Bahamas downgraded by Moody's Investors Service
The downgrade comes as the rating agency considers an ongoing economic recovery, driven primarily by tourism activity, and a narrowing fiscal deficit.
10/12/2022
Banknote changes still catching out local shoppers
These changes affect only UK banknotes.
10/12/2022
Ogier in Luxembourg assists WISAG in acquisition of Nettoservice
The team was headed by mergers and acquisition specialist Bertrand Géradin
10/12/2022
BOJ to get technical support to identify climate risks in financial sector
Among other things, it focuses on climate, biodiversity, peace, education, urban planning, health, and governance.
10/11/2022
Bank sector Q2 net income up 36.6% to $86.3m
Net interest income grew by 14.1 per cent, or $17 million, to $137.7 million compared with the previous quarter.
10/11/2022
Carey Olsen partners with World Triathlon Bermuda and legal team compete to raise funds for Family Centre Bermuda
Carey Olsen Bermuda is a supporter of many community-based sports and activities.
10/11/2022
Bermuda to deploy more cyber capacity to meet demand
Despite cyber attacks continuing to cost businesses millions of dollars, fewer than 40% of executives surveyed say they have fully mitigated cybersecurity risk exposure in a number of critical areas.
10/10/2022
Maldives GDP to boost, debt expects hike; World Bank
While inflation is projected at 3.5 percent in 2022, World Bank claims this will moderate in 2023 as "global energy prices normalize."