- Cayman based asset recovery experts celebrate industry accolades
- Voting due for the recent proposed Accounting Standards Update
- Grant Thornton launch new graduate program
- Multi jurisdiction offshore structures: complexities and alternative approaches
- Revealed: The largest Ponzi scheme the world has ever seen
- Expert director joins Grant Thornton Specialist Services
Cayman based asset recovery experts celebrate industry accolades
In September 2016, the Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update (ASU) which will be up for vote in Q3 this year.
Grant Thornton in the Cayman Islands launch new graduate program
The use of offshore structures involving multiple jurisdictions has become common. Practical problems arise when the jurisdiction of incorporation is separated from the assets, information and creditors by geographic and legal boundaries are not easily resolved by cross border recognition applications. In such cases, having local insolvency and restructuring resources can be invaluable.
Judgment was recently handed down by the Cayman Court in favour of the Liquidators of Saad Investments Company Limited (SICL) in a case that will become known for the revelation of the largest Ponzi scheme the world has ever seen.
Global accountancy, tax and advisory firm Grant Thornton is pleased to announce its continued growth in the Cayman Islands with the recruitment of Margot MacInnis as a director of Grant Thornton Specialist Services (Cayman) Limited, their Cayman based restructuring and insolvency practice.