The economics of offshore financial centres (OFCs) are shaped by classical competitive
advantage. The OFC banks have been more innovative, and the OFC's laws more
flexible.
The Cayman Islands funds industry is still in good shape, with over 600
more funds registered with the Cayman Islands Monetary Authority in
2008 than 2007. That’s the good news ...
Due diligence is the independent dact-finding process involved in any
important decision. It has been described as the mission to find out who
is the fox and whi is the rabbit, and is often a surprise to both.