Managers of Wealth Offshore

10.6% of civil servants over former retirement age of 60

Another 152 employees are aged 65 and over, representing 3.1% of the workforce, which is beyond the current retirement age of 65.

Former HSA boss Osbourne Bodden fires back over board pay controversy

The board held 190 meetings and collectively took home almost $500,000 in payments during an 18-month period up to the end of July this year.

International insurance sector issues 11 new licences

The additions bring Cayman’s total to 719 Class B, C and D insurance companies, which collectively represent approximately US$51 billion in premiums written and $173 billion in total assets.

Auditor General not done yet

The probe follows widespread public concern over the government’s deposit of more than five million dollars of taxpayers’ money into the now-collapsed Bank of Asia (BVI) Limited.

Bank failure reform impact for depositors and creditors

The proposed amendments also seek to ensure depositors receive preferential treatment and a mechanism to protect public funds during resolution

Legal reform in Jersey: tackling gazumping and gazundering in property transactions

In Jersey, all transfers of property (other than share transfer property) must be completed by passing a contract before the Royal Court.

Estate Planning in the Cayman Islands

Trusts created pursuant to Part VIII of the Trusts Act (STAR Trusts) which enable the creation of trusts for the furtherance of purposes

Caribbean Development Bank and OPEC Join Forces For Bluer Future

The agreement was signed last week in Washington, D.C., during the IMF and World Bank Annual Meetings.

Guernsey Policy and Economic Group warns 2026 Budget fails to address Guernsey’s financial shortfall

GPEG said the Budget process continues to focus on incremental increases rather than full reviews of existing spending.

Cayman Islands ELPs for private equity and venture capital funds

The LPA is the central governing document of the partnership.

Belgium proposes technical amendments to its Pillar Two legislation

The draft bill amends the definition of key Pillar Two concepts such as for example the concept of a ‘group’ for Pillar Two purposes.

Irish High Court delivers landmark ruling on copyright infringement and illegal streaming devices

The Copyright and Related Rights Act 2000 (the Act) is central to Ireland’s approach to protecting broadcasting rights and content distribution.

Strategic Policy Statement sets out government’s economic vision

Plans to diversify the economy highlighted

Listing High Yield Bonds on The International Stock Exchange

Under the MAR regulations all of the information previously only provided to investors and analysts, are required to be publicly disclosed and therefore fully available to competitors.

Taking security over limited partnership interests in a Cayman exempted limited partnership

In practice, the security will typically be created under the terms of a security document

Reassurance in reform: existing pathways to Caymanian status remain secure

Policy-wise, the proposed amendments balance system calibration with legal certainty by aligning processes, enhancing integrity, and clarifying timelines for new entrants.

BML to place ATMs in all inhabited islands of Laamu atoll this week

BML further announced that ATM services will be introduced in all inhabited islands of Laamu atoll by the end of the week.

ORG sees 'critical opportunities' in new Data Protection Bill

One of these key considerations is ensuring that the Data Protection Bill is benchmarked against similar legislation worldwide.

Money market report for the week ended October 17, 2025

Information on ECB monetary operations and the domestic Treasury bill market

Global online scam network sanctioned

At the centre of the sanctions is Chen Zhi, the chairman of the Prince Group, a multibillion-dollar conglomerate accused of building and operating scam compounds disguised as casinos

Regulation, Risk & Compliance