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Changes coming to liquor law and board
(CNS Business): Government is finalising amendments to the liquor licensing law that will change how booze licenses are allocated, linking them directly to premises rather than individuals. Commerce Minister Wayne Panton said that the forthcoming amendments to the law would see liquor licenses tied to trade and business licences and address some of the problems created […]
CUC and OTEC still hopeful about ocean energy
(CNS): The development of a commercial ocean thermal energy conversion system in the Cayman Islands remains a real possibility, according to both CUC and industry experts, Cayman OTEC. It is almost four years since CUC signed a non-binding ‘term sheet’ with the firm to begin a feasibility study in Grand Cayman, which is seen as […]
Business law to create equity for local commerce
(CNS): Revisions to the Trade and Business Licensing Law passed in the Legislative Assembly almost a year ago are expected to create a fairer environment for local commerce and increase compliance when the legislation is finally implemented next month. The main goal is to curtail illegal vending and make compliance easier, so the law offers […]
Chamber wins DCI workshop contract
(CNS Business): The Chamber of Commerce will be taking over the small business workshops that were being provided by the DCI, government officials have revealed almost a month after the contract was awarded following a tendering process. Government has not said how much it is worth or who else bid but the deal will now see […]
Fidelity won’t pay Trump hackers’ ransom demand
(CNS): A group of internet hackers has reportedly stole data from some of Fidelity Bank’s website but the bank has stated that it will not be paying the ransom of $30,000 demanded by the online crooks, who say they want the cash to support Donald Trump’s bid for the US presidency. The group calling itself “Hack […]
Estonians to teach CIG about e-government
(CNS): A team of experts from the Baltic state of Estonia will be sharing their knowledge and experience with government officials this week about best practices in e-governance. Although successive administrations have pointed to the power of the web as a way of increasing government efficiency and cutting costs, Cayman has been slow to use […]
Lawyers lauded for asset recovery expertise
(CNS Business): A number of lawyers in Cayman have been recognised for their excellence in the field of asset recovery, which is an area providing a buoyant stream of work, despite the relative slowdown in cases connected with the global financial crisis. The Who’s Who Legal guide to Asset Recovery 2015 identified 22 practitioners in Cayman […]
Cayman urged to offset carbon footprints
(CNS Business): Local businesses with a heavy carbon footprint struggling to reduce their emissions are being offered a local option for offsetting those greenhouse gases. A new partnership between the National Trust of the Cayman Islands and a local green energy company will help companies compensate for hard to eliminate emissions by contributing to local […]
M&A flurry reshapes Cayman fund administration sector
(CNS Business): A raft of mergers and acquisitions in the fund administration sector has had a major impact on the landscape of the Cayman financial services industry. As a result of market consolidation, the number of fund administrators operating in this jurisdiction has dropped by 28% since the financial crisis.
Strand shopping plaza up for sale at $15.5M
(CNS): One of Seven Mile Beach’s larger shopping centres is up for sale with a price tag of $15,495,000. The Strand Plaza, which is home to one of Foster’s supermarkets and Kirk Freeport’s stores, is on the market and described by the real estate agent who is marketing the property as a “truly exceptional opportunity” — […]
MLA presses lawyers to hire and train locals
(CNS Business): George Town C4C backbencher, Winston Connolly, is asking members of the legal profession to sign a document committing them to increasing the participation of locals in their profession and to double the number of Caymanians that reach equity partner by 2020. As the government works towards finalising its draft legal practitioners law, Connolly […]
Airport boss said project will be ‘challenging’
(CNS Business): Renovating and expanding the Owen Roberts International Airport while keeping it open to the public will be challenging, the Cayman Islands Airports Authority CEO Albert Anderson said Thursday, but the management will do all it can to minimise the impact on travellers. He said much of the work will be done at night and when […]
Cayman-US couple fight tax exchange decision
(CNS Business): US taxpayers and Caymanian status holders Lee and Sheila Aronfeld are seeking a judicial review of a decision by the Cayman Islands Tax Information Authority (CITIA) to give their information to the IRS in the United States in connection with a criminal tax probe. Shareholders in three Cayman registered exempted companies, the Aronfelds claim […]
Chamber offers inside look at planned procurement bill
(CNS Business): The government’s newly appointed director of the Central Procurement Office, Craig Milley, will be presenting a draft of the proposed legislation to deal with public contracts, major purchases and government acquisition to the Chamber of Commerce next week. The new bill, which is designed to tighten up on government’s major spending after years […]
Arch & Godfrey secures first airport contract
(CNS Business): The contract to develop the first phase of the renovation of the George Town airport has been won by local construction firm Arch & Godfrey. The $3.6 million contract for this first part of the more than $40 million long-awaited project to redevelop Owen Roberts International, which is to build a new baggage […]
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