Archive for December, 2014
New board for student CBA
(CNS Business): The Student Chapter of the Caymanian Bar Association held their annual elections last month and elected Angelique Howell, Alicia Thompson and Farrah Miller to represent them for the next year. The Board of the Student Chapter consists of three student representatives, one Undergraduate/LLB, one at the PPC/LPC/BVC level and one articled clerk. The […]
Cayman picks up inaugural media travel gong
(CNS): The Cayman Islands has been named the ‘Destination of the Year’ by The Caribbean Journal in their inaugural Caribbean Travel Awards. The on-line regional media selected the destination based on criteria that included “the efforts of its tourism sector†and “simply good marketing workâ€. Deputy Premier and Minister of Tourism, Moses Kirkconnell said it […]
Law firm reports boost in company registration
(CNS Business): There were 5,391 new company registrations in the Cayman Islands in the first half of 2014, a 17% increase over those incorporated in the jurisdiction in the preceding six months, a report by offshore law firm, Appleby, revealed. The Cayman Islands experienced the greatest percentage increase in new company incorporations across offshore jurisdictions […]
Experts debate fund industry outlook at seminars
(CNS Business): International law firm Walkers has completed another season of its series of investment funds seminars, which were held this year in New York, San Francisco and London. The Walkers Fundamentals seminars, ‘Everything Offshore – Funds in 2015′, drew over 600 high-calibre delegates, with most of the world’s leading names in the investment management business, joining […]
Expert voted onto Chamber pension board
(CNS Business): Chamber of Commerce Pension Plan members working in the Professional & Finance sectors have elected volunteer Trustee, William (Bill) Gammerdinger to represent them on the board following an extraordinary general meeting recently. A treasury and finance professional, he has over 30 years’ experience in the industry, having become Vice President and Treasurer of […]
Swiss Bank exits FATCA programme
(CNS Business): Barclays Bank’s Swiss operations is ending its cooperation with the Internal Revenue Service’s efforts to prevent investors from investing money in foreign countries with more amenable tax structures and policies. During a Zurich speech, Barclays bank executive Francesco Grosoli announced that the firm’s Swiss operations had “recently exited the programâ€, after evaluating its legal […]
Bermuda green lights casinos
(CNS Business): Amid debate and controversy, Bermuda has passed legislation to allow casino gaming on the island. After a 10-hour debate in the House of Assembly the Casino Gaming Act 2014, tabled by Tourism Minister Shawn Crockwell, was passed in the early hours of Saturday morning. This follows the Cruise Ship (Casino) Act 2013, passed in […]
Former COO at C&W takes on e-gov challenge
(CNS Business): The Cabinet office has appointed Ian Tibbetts to take on the task of dragging the Cayman Islands Government into the 21st century and help it provide many more services via the internet. A former chief operating officer with Cable and Wireless with extensive communications experience, the new director of e-government has been given the challenge of getting […]
Cayman says no to public access to ownership
(CNS Business): The Cayman government, along with other affected British territories, has refused to introduce a centralised beneficial ownership register with public access. Premier Alden McLaughlin said Monday that he and Financial Services Minister Wayne Panton, with the support of other territory leaders, stood firm last week in London when on the last day of […]
Government to clamp down on rogue business
(CNS Business): As a result of what the minister said were deficiencies in the Trade and Business Licensing Law, government has moved to tighten up the rules and create a fairer environment for local business with a new law. The new Trade and Business Licensing Bill was passed in the Legislative Assembly last month without […]
CIG anxious for Ironwood deal
(CNS Business): The Cayman Islands premier has said that he and the government are anxious to get a deal to facilitate the proposed Ironwood development in Frank Sound. But despite holding a press conference this week with the designers, developers, financiers, engineers and top professional golfer Arnold Palmer, it was revealed that government has still […]
CUC confirms partners for new power plant
(CNS Business): Caribbean Utilities Company has announced that it has entered into a design-build contract agreement with both a Danish company and a German company to develop its new power plant in George Town. The deal is in relation to the contract CUC won, following an ERA bid, to supply extra future power for Grand […]
CWC to consult with customers over merger
(CNS Business): Following an overwhelming vote from shareholders last week in favour of the proposed merger of Cable & Wireless Communications with Columbus, CWC said it launched a series of special “Customer Panels†in the Caribbean Monday “to spark a constructive discussion about the proposed merger.†The parent company of LIME said the panels will […]
UCCI students gain experience at CIAA
(CNS Business): Students from the University College of the Cayman Islands’ (UCCI) School of Hospitality Studies are gaining hands on experience at the Cayman Islands Airports Authority (CIAA), which is part of a partnership between UCCI and local businesses to give students a chance to learn more about the hospitality and customer service industry. Over […]
Cayman lawyers make IFC Power Women Top 200
(CNS Business): Two of Walkers’ Cayman Islands attorneys have been recognised by UK wealth management publication Citywealth in its 2014 IFC Power Women Top 200. Global managing partner Ingrid Pierce and senior counsel Monique Bhullar were both named in this exclusive list, which celebrates powerful women of achievement. It highlights women who are opinion formers, […]
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