In this paper we establish that
the causal order determined by an Ol’shanski semigroup on the corresponding
homogeneous space is globally hyperbolic. Using this fact, we present sufficient
conditions for a special class of Lie semigroups to admit a canonical “triple
decomposition,” namely those for which the Lie algebra is of Cayley type. This
theory applies in particular to semigroups which are naturally associated to euclidean
Jordan algebras as the semigroup of compressions of the symmetric cone of the
algebra.