Special purpose vehicle: Difference between revisions

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A unique species of [[joint stock company]]<ref>Also known as an “[[espievie]]”  and, in accounting circles for some reason, as an “[[espiecie]]” — rest assured it is the same beast.</ref> first discovered in the lush forests of [[George Town]], [[Grand Cayman]] by dour Scottish naturalist [[A. J. N. Calder]] in 1926.  
A unique species of [[joint stock company]]<ref>Also known as an “[[espievie]]”  and, in accounting circles for some reason, as an “[[espiecie]]” — rest assured it is the same beast.</ref> first discovered in the lush forests of [[George Town]], [[Grand Cayman]] by dour Scottish naturalist [[A. J. N. Calder]] in 1926.  


For many years Calder believed the creature he had found — genus ''consortium restrictum culpam caymanium'', the “Common” or “Cayman Exempted” [[Espievie]] — was unique in the world.
===Discovery===
===Discovery===
Calder’s, and our, world was repeatedly rocked over the next thirty years as naturalists found variants elsewhere: first, not far from the Caribbean, [[L. B. G. T. Appleby]] discovered the Bermudan reinsurance espievie in 1939.  
For many years Calder believed the creature he had found — the “Common” or “Cayman Exempted” [[espievie]] (genus ''consortium restrictum culpam caymanium'') — was unique in the world.  But Calder’s, and our, world was repeatedly rocked over the next thirty years as naturalists found variants elsewhere
 
The first to do so was [[L. B. G. T. Appleby]] who discovered the Bermudan reinsurance [[espievie]] not too far from the Caribbean along the Gulf Stream, of course, in 1939.  


Fourteen years later, retired botanist [[Herbert Fonesca]] came across neat piles of tax losses when on a forest walk with his grand-children  which the children traced all the way to back to a mating pair of concealed film espievies, of a type never before seen in Panama.<ref>Fonseca should have realised trouble was in store: the very thing about film partnerships is that they are ''not meant to be traceable''</ref>   
Fourteen years later, retired botanist [[Herbert Fonesca]] came across neat piles of tax losses when on a forest walk with his grand-children  which the children traced all the way to back to a mating pair of concealed film espievies, of a type never before seen in Panama.<ref>Fonseca should have realised trouble was in store: the very thing about film partnerships is that they are ''not meant to be traceable''</ref>