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Powerful local law firm marks 50 years in Cayman

Powerful local law firm marks 50 years in Cayman

| 18/10/2017 | 0 Comments

(CNS Business): The largest and one of the most influential offshore law firm in the Cayman Islands marked its 5oth anniversary recently with a swanky reception at the Ritz-Carlton. Maples and Calder started life in 1967 when James “Jim” MacDonald and John Maples began doing business [...]

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Cayman Islands technocrats lobby on Capitol Hill

Cayman Islands technocrats lobby on Capitol Hill

| 18/10/2017 | 0 Comments

(CNS Business): Two officials from the Ministry of Financial Services were in Washington DC last month for face-to-face discussions with US politicians and officials on tax and financial services. Meetings were held with advisers and staff for several US senators and representatives who are at th [...]

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Pageant Beach proposal gets initial nod from CPA

Pageant Beach proposal gets initial nod from CPA

| 17/10/2017 | 3 Comments

(CNS Business): A  proposal to build a ten-storey hotel on the Pageant Beach site in George Town has been given initial approval by the Central Planning Authority after the project was granted outline planning permission last month. Despite a number of objections from residents, largely at the [...]

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Cayman’s insurance sector eyes another successful year

Cayman’s insurance sector eyes another successful year

| 18/10/2017 | 0 Comments

(CNS Business): The Insurance Managers Association of Cayman is expecting 2017 to be another successful year for the industry. So far this year, 20 Class B licences have been issued, eleven of which represent third party insurers, as well as three Class C licences, and with the final quarter, no [...]

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DCI offers AML help to vulnerable businesses

DCI offers AML help to vulnerable businesses

| 18/10/2017 | 0 Comments

(CNS Business): Professionals in the real estate sector and dealers in precious metals and stones were offered help and support recently from the Department of Commerce and Investment in ways to combat money laundering and terrorist financing. The sectors are classified as Designated Non-Financi [...]

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Dart finally confirms Ritz acquisition

Dart finally confirms Ritz acquisition

| 13/10/2017 | 64 Comments

(CNS Business): After several months of speculation that Dart Real Estate had acquired the Ritz-Carlton, Grand Cayman but no comment from officials at the company, the Cayman Islands’ biggest property owner has finally announced that it has bought the luxury hotel on Seven Mile Beach. The [...]

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Mobile booze licensees warned to follow rules

Mobile booze licensees warned to follow rules

| 15/10/2017 | 3 Comments

(CNS Business): The chairman of the Liquor Licensing Board has issued a reminder to all mobile licensees to comply with the laws and that their licences are restricted to mobile bartending and limited to private and organised events or functions. There was [...]

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GDP grows in first quarter of 2017

GDP grows in first quarter of 2017

| 05/10/2017 | 0 Comments

(CNS Business): The Cayman Islands rate of gross domestic product grew by around 2% in the first three months of 2017, according to the Economics and Statistics Office. The measure of local economic activity indicated that in the first quarter economic performance was broad-based and consistent [...]

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CIG hopeful of dodging EU’s latest blacklist

CIG hopeful of dodging EU’s latest blacklist

| 03/10/2017 | 2 Comments

(CNS Business): Premier Alden McLaughlin and Financial Services Minister Tara Rivers lobbied EU officials last week in an effort to keep the Cayman Islands off the latest Brussels list of non-cooperative tax jurisdictions. During the visit to the European capital, the premier said, the delegatio [...]

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Cayman government hires new firm to lobby Washington

Cayman government hires new firm to lobby Washington

| 03/10/2017 | 1 Comment

(CNS Business): The Cayman Islands Ministry of Financial Services  Home Affairs has quietly hired Texas-based law firm Baker Botts to provide counselling and advocacy services in the US capital, according to an article in the marketing industry press, which was republished on the firm’s [...]

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Former CIMA policy officer returns as deputy head

Former CIMA policy officer returns as deputy head

| 03/10/2017 | 0 Comments

(CNS Business): The Cayman Islands Monetary Authority has welcomed back an old employee who, after more than two years in the private sector, has returned to the regulator as the deputy head of Policy and Development Division. Rayford Britton, a former chief policy officer at CIMA, returned to t [...]

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Stay-over guests soar to new heights

Stay-over guests soar to new heights

| 03/10/2017 | 0 Comments

(CNS Business): The Cayman Islands Department of Tourism’s promotional and marketing efforts continue to pay dividends, reflected in record-breaking summer statistics for air arrivals. After 77,030 visitors arrived during July and August, officials said that figures are significantly outpac [...]

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Doctor sells paper to former bank boss

Doctor sells paper to former bank boss

| 28/09/2017 | 2 Comments

(CNS Business): Dr Steve Tomlinson has sold The Cayman Reporter to Ralph Lewis, the former head of the Cayman Islands Development Bank. The acquisition by Lewis, who also owns the more recent publication, Caymanian Times, comes after months of speculation that the Reporter was in dire financial [...]

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Moses lauds NCL despite CIG plans to overhaul

Moses lauds NCL despite CIG plans to overhaul

| 27/09/2017 | 0 Comments

(CNS Business): In a message to mark World Tourism Day, Minister Moses Kirkconnell has sung the praises of the National Conservation Law as an important element in Cayman’s commitment to sustainable tourism, which is this year’s theme. The tourism minister said the unanimous passage [...]

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Dart puts in plans for new Foster’s store

Dart puts in plans for new Foster’s store

| 26/09/2017 | 17 Comments

(CNS Business): Cayman’s largest land owner has announced yet another venture to expand its growing property empire. Dart Real Estate has submitted a planning application to build a supermarket at the northern end of Camana Bay, which Foster’s Food Fair has agreed to lease. According to [...]

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