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Related Special Reports
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...The situation had been complicated because United has two classes of stock and the Plc is headquartered in the Cayman Islands....
...The company confirmed that a “refit” of the ship continued after the asset was frozen by authorities, and that the yacht’s owner has been paying for the works and for maintenance, but declined to give further...
...In a letter to clients on Friday and seen by the Financial Times, the hedge fund firm proposed to restructure Cayman Islands-based OEI Mac by switching shareholders’ investments to a new fund, which would...
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...Singapore’s new “variable capital companies” have exploded in popularity since their introduction in 2020, with 937 set up as of August....
...Binance, the biggest crypto exchange, holds a Cayman Islands registration but has no local accreditation and, it claims, no fixed abode....
...So the company created a subsidiary called “Cayman Sub”, which then borrowed $200mn to help pay down asset-backed loans....
...What we didn’t like was the shareholder structure, in which buyers of the American depositary shares owned a stake in a Caymans corporation that had indirect exposure in the onshore companies that operate...
...A liquidator could try to take control of Evergrande’s Cayman Islands holding company and its complex web of subsidiaries, including the property services and EV arms, a Hong Kong-based restructuring lawyer...
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...hedge funds, private equity funds and super-rich families park their assets....
...Hong Kong made enhancements to the “open-ended fund company”, a similar structure it had established two years earlier....
...A similarly named Cayman company — Wilbur Real Estate 7 — formed part of Kazakh businessman Bulat Utemuratov’s family office Verny Capital....
...Odey Asset Management is currently winding down....
...Because you have this complicated system where what they own is a stake in a Cayman Islands company. That company has some contracts with operating businesses in China....
...You might recall my story earlier this year that revealed Binance Holdings — the Cayman Islands holding company for the sprawling offshore exchange — used the same Washington lobbyists as its allegedly separate...
...DD’s Antoine Gara and Eric Platt revealed last week that private equity firms are increasingly borrowing against a fund’s investment assets to help pay down the debts of struggling individual companies....
...Japanese officials said they had no plan to create a similar screening instrument because it would have loopholes as long as companies could channel investments through countries such as the Cayman Islands...
...Since taking over as the majority investor from a consortium including JPMorgan Asset Management and UBS Asset Management, Macquarie has pledged to raise transparency, close Cayman Islands subsidiaries at...
...the art remained in the jurisdiction of the Caymans rather than the EU....
...To avoid detection, many Taiwanese set up shell companies in Hong Kong and global tax havens such as the British Virgin Islands and Cayman Islands....
...They will invest in wholly owned subsidiaries organised under the laws of the Cayman Islands. Representatives from the issuers did not respond to requests for comment....
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