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Insider Talking: October 31, 1999

October 31, 1999
BaTelCo throws spanner in the works of Bahamas International Stock Exchange private placement, Cayman Islands Stock Exchange tells New Utopia to take a hike, trial in Bermuda over European family's wealth costs $600,000 per week, First International Bank of Grenada has difficulty with its math, journalists arrested in Grenada, new sham investment game appears on the Internet, and the growth of the Bahamas is detailed in a prospectus for the new Bahamas International Securities Exchange.

Decision expected soon in Ann Nealon/Cayman Stock Exchange dispute

June 30, 1999
A decision in the bitter legal dispute between the Cayman Islands Stock Exchange and its former CEO, Ann Nealon, is expected soon after the case was heard over June 28-29 before Chief Justice Anthony Smellie at the Grand Court of the Cayman Islands. The ruling is being eagerly awaited in both Cayman and overseas, where the decision by the government-funded CSX to bring a civil lawsuit against Nealon has raised many eyebrows.

Ann Nealon resigns from Cayman Stock Exchange

May 31, 1999
Ann Nealon has resigned after two years as CEO of the Cayman Islands Stock Exchange. We understand that Nealon, who is an attorney by profession, has been offered a job with the Cayman law firm of W. S. Walker & Co.

BSX secures listing of another Cayman mutual fund – China Energy

September 30, 1998
The Bermuda Stock Exchange has approved the listing of up to 4.5 million voting common shares of the China Energy, Metal & Mining Fund - China Mining Sub Fund. The fund is incorporated in the Cayman Islands and is structured as a closed-ended umbrella fund. It is the latest in a long line of Cayman registered funds that have decided to list in Bermuda rather than their place of domicile.