Cayman News
Cayman News's Latest Posts
East End resort sues ex-owner over Facebook posts
(CNS Business): The owners of the Morritt’s timeshare resort in East End have taken legal action against one of its former owners for posts she made on Facebook about the resort following a dispute. Patricia Crockett, a resident of East End, is said to have posted comments on the resort’s Facebook page making allegations against […]
Bumper year for cruise passengers
(CNS): After years of falling cruise passenger arrivals, the Cayman Islands witnessed a significant boost in the number of ships and passengers calling on the jurisdiction in 2014. Despite not having the cruise piers, 1,609, 555 people on 562 ships arrived in the jurisdiction over the 12 months, according to Port Authority statistics — a […]
Developers need to utilize Caymanians
(CNS Business): Government must hold large developers to account and ensure that the local community benefits directly from the proposed major projects and developments in the pipeline, Barry Bodden said as he took over the presidency of the Chamber of Commerce. While questions remain about how some of the proposed larger projects will impact infrastructure […]
Lack of will holding Cayman economy back
(CNS Business): Cayman is ideally placed to continue to build on its past economic success but the lack of will to make tough decisions is what is holding the country back, the outgoing president of the local Chamber of Commerce said last week as as he handed over the reins to Barry Bodden, the new president. “What […]
Offshore lawyers shape laws to boost earnings
(CNS Business): The Cayman Islands Law Society has continued its “constructive engagement†with government and has had a particularly busy year in 2014, the president said last week. Although lawyers are involved pro bono in reviewing and contributing to laws across the board, Alasdair Robertson said the work of the Financial Services Legislative Committee (FSLC) […]
New Chamber boss calls for action not more talk
(CNS Business): Despite giving the impression of being an easy-going and quiet person, Barry Bodden has promised to fight for the membership of the Chamber of Commerce and the Cayman Islands during his year leading the local organisation. As he accepted the presidency from Johann Moxam, he said he wanted to see less talk and more […]
Welcome development to insurance industry
(CNS Business): Amendments to the insurance law and associated regulations have been described by an industry insider as one of the most significant legal developments for Cayman’s insurance industry for many years, allowing insurers formed as segregated portfolio companies (SPCs) to enjoy the same benefits as incorporated cell companies in other jurisdictions.Â
Jersey lawyer joins Cayman Stock Exchange
(CNS Business): A former offshore lawyer from Walkers’ Jersey office has joined the Cayman Islands Stock Exchange Exchange as deputy head of listings and compliance, effective 5 January 2015.  In this role, Eva Holt assumes responsibility for supervising and processing listing applications and ensuring compliance among existing participants with the Exchange’s listing rules and procedures.
US firm wins bid to design new airport
(CNS Business): The Central Tenders Committee (CTC) has awarded the airport redevelopment design and construction cost consultancy contract to a Florida-based firm with a track record of airport projects. RS&H Group of Jacksonville, Florida, beat out three other pre-qualified bidders to win the contract for the expansion of the terminal buildings at the Owen Roberts […]
Failure over lawyer’s bill “a mysteryâ€
(CNS): After ten years of lobbying for and trying to secure a modern Legal Practitioners Law to cover the profession, Caymanian Bar Association (CBA) President Abraham Thoppil said it was an “inexplicable mystery†why the repeated calls had failed to get the much need law. The proposed legislation has been a topic of endless debate […]
80% say no to ownership register
(CNS Business): Government released a report Tuesday on the public consultation it carried out earlier this year regarding how the jurisdiction should tackle the issue of access to who really owns offshore entities registered in the Cayman Islands. The report revealed that over 80% of the people and organizations that responded do not believe Cayman […]
Cayman e-business made easy
(CNS Business): One of the problems with e-business in the Cayman Islands is the cost involved and the length of time it takes to set it up. But a new IT company makes it so easy, they say you can be up and running in 15 minutes for as little as CI $125 per month.
CIMA phasing in e-gov in 2015
(CNS Business): The Cayman Islands Monetary Authority (CIMA) has announced that entities regulated by the authority will soon have access to a new online, automated method for submissions of mandatory financial returns, change requests and new licence applications. While this will be phased in slowly, it is expected that once an application or filing is […]
2014 Cayman Captive Forum hosts record numbers
(CNS Business): The 22nd annual Cayman Captive Forum welcomed a record 1,499 registrants, securing its place once again as the world’s largest captive insurance conference. Captive Insurance industry leaders gathered in the Cayman Islands over three days of intensive discussions about current issues, particularly those pertaining to healthcare captives, where Cayman is the world leader. Highlights […]
Young chefs display talent in cook-off
(CNS Business): Five former and present hospitality studies trainees of the University College of the Cayman Islands (UCCI) displayed their culinary aptitude last week when they took part in a cook-off in the kitchen of the world-famous Blue restaurant at the Ritz-Carlton. Desly Kyshon Missick and Zack Myrie advanced to the finals, which will be held in […]
Recent comments