Recent Articles

Cayman retains Moody’s credit ratings

Cayman retains Moody’s credit ratings

| 27/03/2017 | 0 Comments

(CNS Business): The Cayman Islands has kept its international credit rating from Moody’s of Aa3 for its government’s bonds issued in a foreign currency, and an Aa2 rating for long-term foreign currency ceiling bonds and notes. Finance Minister Marco Archer said the rating and stable outlo [...]

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CAL increases flights to Sister Islands

CAL increases flights to Sister Islands

| 27/03/2017 | 1 Comment

(CNS Business): Cayman Airways said that there has been an increased demand for seats on flights to the Sister Island, so Cayman Airways Express has added a new flight rotation between Cayman Brac and Grand Cayman with its Saab 340 B+ aircraft six days a week. On Tuesday 4 April the National Flag [...]

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Chief justice joins elite insolvency body

Chief justice joins elite insolvency body

| 27/03/2017 | 0 Comments

(CNS Business): The International Insolvency Institute has invited the chief justice of the Cayman Islands, Anthony Smellie, to become a member of the invitation-only organisation. Accepting the invitation, the chief justice said it wasn’t just a personal credit but reflected the quality of Cay [...]

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Finance sector is important to all, says Scott

Finance sector is important to all, says Scott

| 28/03/2017 | 0 Comments

(CNS Business): Jude Scott, the CEO of Cayman Finance, said that the offshore financial services sector is important to everyone in Cayman and not just those making a direct living from it. In an effort to win the hearts and minds of the local communit [...]

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Minister signs deal to support small businesses

Minister signs deal to support small businesses

| 27/03/2017 | 0 Comments

(CNS Business): The Cayman Islands Small Business Association (CISBA) has been contracted by the commerce ministry to help support and deliver certain small-business services. Minister Wayne Panton and CISBA President Dawn McLean-Sawney signed a memorand [...]

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Bank increases loan but not deposit rate

Bank increases loan but not deposit rate

| 17/03/2017 | 5 Comments

(CNS Business): Following the 25 basis point increase in the US Federal Funds Rate earlier this week, Butterfield Bank has announced an adjustment in its US and CI dollar prime lending rates for mortgages, consumer loans and commercial loans from 3.75% to 4% beginning today Friday, 17 March. But [...]

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UK crime law will impact CI financial sector

UK crime law will impact CI financial sector

| 17/03/2017 | 0 Comments

(CNS Business): A new piece of legislation currently being steered through the UK parliament could have a significant impact on the Cayman Islands. The Criminal Finances Bill, which once passed will amend the Proceeds of Crime Act, is focused on dealing with terrorist financing but it also create [...]

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ESO begins annual business survey

ESO begins annual business survey

| 15/03/2017 | 0 Comments

(CNS): The Economics and Statistics Office will be starting its annual business surveys in less than two weeks to get accurate data on the local economy. The survey forms will be hand-delivered, mailed or emailed to all entities that produce goods and services in the Cayman Islands. The surveys [...]

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Lawyers sue Ironwood developers for $95k debt

Lawyers sue Ironwood developers for $95k debt

| 14/03/2017 | 22 Comments

(CNS Business): The company that is planning a huge multi-million-dollar resort based around an Arnold Palmer golf course is being sued by a local law firm for an outstanding debt of around CI$95,000. Despite promoting plans for the proposed significant $300+ million development in Frank Sound, [...]

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Lord Chief Justice of England & Wales lectures in Cayman

Lord Chief Justice of England & Wales lectures in Cayman

| 09/03/2017 | 3 Comments

(CNS Business): Delivering a lecture at the Cayman Islands Grand Court, the Lord Chief Justice of England and Wales said that achieving and maintaining that equilibrium requires not only vigilance among a wide range of judicial, legal, governmental and public interest participants, but also a [...]

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Premier updates Baroness on beneficial ownership register

Premier updates Baroness on beneficial ownership register

| 09/03/2017 | 2 Comments

(CNS Business): Premier Alden McLaughlin and Attorney General Sam Bulgin met with the UK’s minister responsible for its overseas territories, Baroness Anelay, Monday afternoon to update her on Cayman’s progress on the implementation of legislation underpinning the non-public searchable regis [...]

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Premier: Cayman will thrive in changing world

Premier: Cayman will thrive in changing world

| 08/03/2017 | 1 Comment

(CNS Business): Premier Alden McLaughlin told an audience of British lawyers that the Cayman Islands will not only survive in these “times of uncertainty” but its financial sector, constitution and adherence to the rule of law will ensure that it thrives. “As a jurisdiction, Cayman has alw [...]

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Golden Spoons Review: Anchor & Den Boulangerie Brunch

Golden Spoons Review: Anchor & Den Boulangerie Brunch

| 07/03/2017 | 2 Comments

(CNS Foodie): A friend’s birthday found us at the Marriott’s Anchor & Den Boulangerie Brunch recently, and while it’s a lovely array of traditional and unique brunch fare, I just don’t think it’s as comprehensive nor as delicious as one would expect for $79 per person (i [...]

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Legal Practitioner’s Bill 2016 – layman’s review

Legal Practitioner’s Bill 2016 – layman’s review

| 07/03/2017 | 3 Comments

MM writes: It is obvious that several opposing interests are having a difficult time pinpointing the exact amendments that should be made to the Legal Practitioner’s Bill 2016 – apparently the need to address some outstanding issues within the legal profession has been on the table in one for [...]

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Cayman model may lead way on beneficial ownership

Cayman model may lead way on beneficial ownership

| 07/03/2017 | 2 Comments

(CNS Business): As the technical experts at the financial services ministry continue to work on the systems that will allow UK authorities to access the beneficial ownership details of companies and other financial entities domiciled in Cayman during investigations, the model Cayman is adopting c [...]

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