FSB recognises Bermuda, BVI and Cayman for strong adherence to regulatory standards
The Financial Stability Board (FSB) has named Bermuda, the British Virgin Islands (BVI) and the Cayman Islands to its list of jurisdictions demonstrating sufficiently strong adherence to regulatory and supervisory standards on international co-operation and exchange.
In a report released last month, the FSB provided an update on its initiative to encourage global adherence to international standards, focusing on the areas of banking supervision, insurance supervision and securities regulation…
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This case concerned a monetary award made in an arbitration before the London Court of International Arbitration.
International co-operation in cross-border insolvencies: smoothing the path for foreign liquidators in Hong Kong
A decision of the High Court of the Hong Kong SAR should make the task of liquidators of BVI, Cayman and other foreign companies more straightforward in the region.