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Caymanian lawyer to run  financial courts

Caymanian lawyer to run financial courts

| 09/07/2017 | 5 Comments

(CNS Business): Janesha Simpson will be returning to public service on Monday following her appointment as Interim Senior Deputy Clerk of Courts and Registrar of the Financial Services Court. She joins the court from Maples and Calder, where she was an associate, but Simpson is also a former cro [...]

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Three cruise ships switch from Falmouth, Jamaica

Three cruise ships switch from Falmouth, Jamaica

| 09/07/2017 | 12 Comments

(CNS Business): Royal Caribbean Cruise Lines (RCCL) is changing the itinerary or three of its ships next year to avoid Falmouth Port in Jamaica, according to a report in the Jamaica Gleaner, even though the port was built through a partnership between RCCL and Port Authority of Jamaica. However, [...]

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Cayman has more Brexit power than UK cities, claims mayor

Cayman has more Brexit power than UK cities, claims mayor

| 05/07/2017 | 0 Comments

(CNS Business): Andy Burnham, the mayor of the North West English city of Manchester, has said the Cayman Islands currently has more influence in the Brexit talks than the UK regions. In a speech to local government associations, Burnham raised the growing fear that the financial services sector [...]

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Beneficial owner access opens to UK

Beneficial owner access opens to UK

| 04/07/2017 | 0 Comments

(CNS Business): Legislation came into effect this weekend that will allow UK law enforcement authorities to access details of the beneficial owners of all financial entities registered in the Cayman Islands. Officials said the new technology-based system enhancement to the beneficial ownership r [...]

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OfReg to investigate CUC’s solar deal

OfReg to investigate CUC’s solar deal

| 29/06/2017 | 8 Comments

(CNS Business): With the price of solar energy now falling rapidly and the increase competitive pricing of other alternative fuels, Cayman’s utilities regulator, OfReg, has announced its intention to investigate the process around Cayman’s first commercial-scale renewable energy plant, w [...]

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Court to start programme for trainee lawyers

Court to start programme for trainee lawyers

| 29/06/2017 | 4 Comments

(CNS Business): Articled clerks with local law firms will have a chance to join a new judicial programme in the courts, starting 4 July, that will count towards their legal training requirements. Chief Justice Anthony Smellie said the clerkship was developed by the Judicial Education Committee ( [...]

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Airport bid pushes out small businesses

Airport bid pushes out small businesses

| 28/06/2017 | 51 Comments

(CNS Business): Some of the small business owners that are currently running retail concessions at Owen Roberts International Airport believe they are being pushed out of the bids for the new space. The Cayman Islands Small Business Association (CISBA) has accused the airport authority of creati [...]

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CITA calls for tourist cops

CITA calls for tourist cops

| 20/06/2017 | 5 Comments

(CNS Business): The Cayman Islands Tourism Association is calling for dedicated police officers who, like neighbourhood or community officers, would cover specific tourism zones to keep visitors safe and secure. The latest organisation to raise concerns about the recent crime spike, which has inc [...]

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Businesses bear brunt of crime spike

Businesses bear brunt of crime spike

| 15/06/2017 | 0 Comments

(CNS Business): From burglaries at a day care centre and a telecoms shop in the heart of the capital to grocery store stick-ups in Bodden Town, business are bearing the brunt of the latest surge in break-ins and armed robberies. The spike in opportunistic crime has been accompanied by a rise in [...]

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Cayman finance offers backing to new government

Cayman finance offers backing to new government

| 05/06/2017 | 0 Comments

(CNS Business): The CEO of Cayman Finance, Jude Scott, has offered his backing to the new government and commended the premier, Alden McLaughlin. Congratulating all the successful candidates in a short statement, the boss of the body that promotes the offshore sector was clearly relieved that an [...]

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DoT offers hurricane guarantee to visitors

DoT offers hurricane guarantee to visitors

| 05/06/2017 | 1 Comment

(CNS Business): Visitors to the Cayman Islands this summer are being offered a Worry Free Hurricane Guarantee by the Department of Tourism. Tourists are being promised compensation if they book a vacation to the islands but have to cancel because of stormy weather. “As soon as a hurrica [...]

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Caribbean tourism body urges environmental action

Caribbean tourism body urges environmental action

| 05/06/2017 | 1 Comment

(CNS Business): The Caribbean Hotel and Tourism Association (CHTA), which represents one of the world’s most vulnerable regions to the escalating effects of climate change, is urging regional nations to support and adopt the Paris Agreement on climate change. In the wake of the US president [...]

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AG outlines four year AML/terrorist financing plan

AG outlines four year AML/terrorist financing plan

| 26/05/2017 | 0 Comments

(CNS Business): Following the shortcomings identified previously by the Financial Action Task Force (FATF) and in Cayman’s regulatory regime to address emerging threats and vulnerabilities in the financial sector, the attorney general said a strategy has been developed ahead of the next FATF re [...]

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Offshore attorney dies suddenly at GT home

Offshore attorney dies suddenly at GT home

| 17/05/2017 | 6 Comments

(CNS Business): Julian Black, the group director in Cayman for offshore firm Estera and a former partner with Appleby, died suddenly and unexpectedly Thursday at his George Town home. In a statement from the firm, Black (48) was described as one of Cayman’s leading corporate finance lawyers. [...]

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April stayover guests soar to new high

April stayover guests soar to new high

| 17/05/2017 | 2 Comments

(CNS Business): The continued success story of overnight tourism reached record highs last month when a whopping 38,927 visitors flew into the Cayman Islands, largely from the United States. The figure represents the best air arrival statistics for April since the tourism department began keeping [...]

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