Caymans gives Hong Kong tycoons a head start 11 Aug 2022 Thomas Lau’s $240 mln retail buyout is the Asian hub’s first deal since the Caribbean haven dropped an archaic rule tying approval to voter numbers as well as shareholdings. The law invited abuse, but also gave small investors some rare power. Nixing poor offers just got harder.
Don’t cry for tax havens, Cayman Islands 11 Jun 2021 The Caribbean region has been a shelter from levies for hedge funds and other investment firms. Many of those perks may remain even with a global deal. And caveats – from the UK to Switzerland – suggest that the ambitious multinational plans will be weaker than its headline.
UK raises global bar in tax secrecy fight 2 May 2018 Britain will force overseas territories like the Cayman Islands to reveal the owners of anonymous companies. Those looking to avoid tax and scrutiny can move their business, but the UK's action will throw the spotlight on other shelters like the United States and Hong Kong.
New World woe shows danger in Cayman safe haven 18 Jun 2014 The Hong Kong property group’s buyout of its China unit failed after shareholders with less than 1 pct of the votes blocked the deal under the island’s archaic rules. It’s a reminder that a Cayman domicile brings risks as well as rewards for Asia’s power-hungry tycoons.