Photo of the Remarkables mountain range in Queenstown, New Zealand.

Archive for June, 2016

Secrecy law revamp well received by industry

Secrecy law revamp well received by industry

| 06/06/2016 | 4 Comments

(CNS Business): The revamp of Cayman’s 40-year-old “secrecy law’, which removes the criminal liability for disclosing confidential information, is an essential step in positioning Cayman as a modern transparent cooperative partner on the international stage. For the parts of the financial sector which rely on privacy, the changes have been well received, provided they can […]

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Golden Spoons Review: The Bistro

Golden Spoons Review: The Bistro

| 05/06/2016 | 21 Comments

(CNS Foodie): As my companion and I drive up Seven Mile Beach on our way to The Bistro – the only French restaurant in the Cayman Islands – I can’t help but think that it’s remarkable we have a French restaurant at all. Cayman and France have so little to do with each other. We’re […]

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New propane company includes minister among investors

New propane company includes minister among investors

| 02/06/2016 | 0 Comments

(CNS Business): A new firm promoting the concept of propane gas as a clean source of energy includes the environment minister among its investors. Clean Gas, a new propane distribution company to be headquartered in the Industrial Park and due to be open before the end of this year, said it would provide another source […]

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Local firm sees third trainee admitted to bar

Local firm sees third trainee admitted to bar

| 02/06/2016 | 0 Comments

(CNS Business): Janeen Al-Jadir was admitted as an attorney at law earlier this month after completing her articles with an international offshore law firm. Marc Kish, a partner at Harney’s, moved the admission for the third graduate of their professional development programme in Cayman. Al-Jadir joined the programme in October 2014 and has now secured […]

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Booze traders urged to make early applications

Booze traders urged to make early applications

| 02/06/2016 | 0 Comments

(CNS Business): The Department of Commerce and Investment is advising liquor licence holders to start their licensing application process as early as possible in order to avoid delays under the new legislative regime. Booze traders and those with music and dancing licences are encouraged to apply for their renewals well before the Friday 19 August […]

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CIG and Cayman Finance sign another deal

CIG and Cayman Finance sign another deal

| 01/06/2016 | 2 Comments

(CNS Business): The offshore industry body, Cayman Finance, has signed a new memorandum of understanding with the Cayman Islands Government to further cement their improved working relationship. When the first MOU between Cayman Finance and the financial services ministry was signed in 2013, both parties said benefits for the sector would be derived from implementing […]

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Dart buys Little Cayman businesses

Dart buys Little Cayman businesses

| 01/06/2016 | 50 Comments

(CNS Business): Dart Realty (Cayman) Ltd is spreading its business empire onto Little Cayman with the acquisition of Paradise Villas and the Hungry Iguana restaurant. The Cayman Islands largest landowner, investor and developer confirmed it had agreed to buy the businesses in a release on Wednesday, in which officials also said they wanted to preserved […]

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Court calls stamp duty findings into question

Court calls stamp duty findings into question

| 01/06/2016 | 0 Comments

(CNS): Cayman’s finance ministry may need to review how it assesses stamp duty on property sales following a court ruling that where property is exchanged in an arm’s-length properly marketed transaction at a reasonable market rate, the government had no business re-assessing its value for stamp duty purposes. The recent decision of the Grand Court […]

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Over-development undermining tourism

Over-development undermining tourism

| 01/06/2016 | 26 Comments

(CNS Business): The Cayman Islands tourism industry is at a crossroads and officials are worried that the quality of the experience for visitors is deteriorating due to the success of the sector, the number of visitors and the pace of development, especially around Seven Mile Beach. In a request for proposals for consultants to help […]

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