Editors

Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

Bill Steinman
Contributing Editor

UBO Registers: Cayman goes it alone

As somebody who has argued that open public corporate registers of Ultimate Beneficial Ownership (UBO) information are a flawed concept, I was somewhat surprised when one of the UK overseas territories suddenly decided to go it alone, after many arguments that the territories offered more robust company register systems than the UK.… Continue Reading

Are auditors abdicating responsibility, or simply following the rules?

Blue-chip accounting and auditing firm Grant Thornton has found itself under scrutiny following the collapse of the café chain Patisserie Valerie in the UK. Patisserie Valerie went into administration recently after a £40 million ($52.5 million) hole was uncovered in its balance sheet, allegedly caused by an internal fraud. 

The company’s former finance director has been arrested on suspicion of fraud, but fortunately for those employed by the chain, recent reports suggest that almost 100 cafés will be rescued in a deal funded by Causeway Capital Partners.… Continue Reading

Is willful blindness an affliction that can be cured?

The Canadian Broadcasting Corporation has done a tremendous job of detailing the fall from grace of engineering giant SNC-Lavalin’s former $5 million-per-annum CEO, Pierre Dunhaime, after the company become mired in a major corruption scandal which has gripped Canada and already claimed political scalps. 

Dunhaime was recently sentenced to 20 months’ house arrest and 240 hours of community service, as well as handing over a $200,000 cheque, after pleading guilty to a charge of helping a public servant commit a breach of trust.… Continue Reading