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Premier reveals details of 3D land parcels
(CNS Business): Premier Alden McLaughlin told an audience of realtors, surveyors and property developers that his government plans to steer through legislative amendments during the current session of the Legislative Assembly to facilitate the registration of volumetric, or three-dimensional, land parcels, sub-dividing them into the sky for overhead development. Speaking at the Royal Institute of […]
Private eye allegations ‘incredibly damaging’
(CNS Business): The Cayman Islands Law Society has described the speculative allegations made, without any proof, by Alva Suckoo in the Legislative Assembly on Monday night as “incredibly damaging” and urged all parties to refrain from further speculation and let the appropriate authorities handle this matter, should a formal complaint be made. In a short […]
Premier in London to promote Cayman
(CNS Business): Premier Alden McLaughlin will be promoting the Cayman Islands, including its offshore sector, in London this week having been invited to deliver an address on Friday at a conference at Blackstone Chambers, entitled, “Current Issues in Rule of Law and International Trade and Development”. As well as attending the event hosted by the […]
Airport inconvenience ‘worth it in the long run’
(CNS Business): The inconvenience people are currently facing at the Owen Roberts International Airport will “definitely be worth it in the long run when we will have a world-class terminal”, according to Cayman Islands Airports Authority (CIAA) CEO Albert Anderson. Having reached the quarter mark on the project, work on Phase 1 is finished while […]
Digicel to cut one in four jobs in restructure
(CNS Business): Digicel is a planning to cut a quarter of its workforce over the next 18 months, the firm said in a statement on its website. The company claims it is reorganising to be “fit for purpose for 2030 and beyond” and this means a 25% reduction of the global workforce over the next […]
LA to tackle a dozen offshore laws
(CNS Business): The financial services minister will be dominating the legislative agenda when the Legislative Assembly opens Wednesday morning with almost a dozen offshore laws set to be debated by legislators ahead of evaluation by the Caribbean Financial Action Task Force (CFATF) later this year. Government is expected to deal with a significant amount of business […]
Fuel costs fall as earnings rise for CUC
(CNS Business): Grand Cayman’s monopoly power provider enjoyed an increase in net earnings of some $2.4 million last year but CUC said the average cost of bills still fell by almost 32% by the year-end compared to consumer bills at the end of 2014. The power provider said that the combination of a fall in […]
Clerks back proposed lawyers law
(CNS Business): A group of article clerks, law school graduates and students have offered their support in writing to the Legal Practitioners Bill. The letter sent to all 18 members of the Legislative Assembly from the trainee lawyers said they were the ones who stand to be “most affected” by the proposed legislation and felt […]
Scott serves up CI financial sector at NY breakfast
(CNS): Cayman Finance CEO Jude Scott served up a detailed helping of the Cayman Islands financial services sector at a New York breakfast earlier this month to over 150 people. Scott told the New York financiers that Cayman was a well regulated jurisdiction that was important to the global economy. “The Cayman Islands is the […]
Regulator seeks to gain trust with consistency
(CNS Business): The newly appointed boss of the government’s newest regulator says there are several challenges ahead for the new office but one of the most important is gaining the trust of the stakeholders across the utilities that he and the team will be regulating. Consistency, transparency, impartiality and independence will be key to forging […]
Hurley’s files court action over ‘Ivanized’ store
(CNS Business): More than a dozen years after Hurricane Ivan struck Grand Cayman, one local supermarket is still in dispute with neighbouring property owners over a store it owns in George Town. The former Hurley’s Supermarket at the Eden Centre on Walkers Road remains at the centre of a dispute between the owners of the […]
Panton challenges constant regulatory change
(CNS Business): Financial Services Minister Wayne Panton has pointed to the constant changes and jumping around in the global regulatory environment as a major flaw that prevents solutions being able to show their worth before they are replaced. Speaking in Brussels earlier this month about offshore regulation, he said the fundamental flaw that undermines the […]
New silks include criminal defence veteran
(CNS Business): The governor has announced six new Queen’s Counsels from Cayman’s legal profession, and for the first time, one of those new QCs, also known as ‘silks’, comes from the list of local criminal defence lawyers. With government attorneys and corporate offshore lawyers the usual recipients of the legal honour, Ben Tonner’s anointment as […]
Panton navigates choppy ‘blacklist’ waters
(CNS Business): The Cayman Islands financial services minister has been doing the rounds in Brussels and London over the last week to persuade European officials that Cayman should not be on any grey or blacklists and to talk about the continued pressure from the UK for Cayman and the other territories to introduce a public register […]
TV regulator rejects blame over commercial failings
(CNS Business): Following the news that Cayman 27 is dropping its costly ‘Daybreak’ local morning magazine TV show, the TV arm of the new regulator OfReg has stated that this issue is entirely commercial and not a regulatory matter. “The failure of cable providers to come to an agreement with Hurley’s Media Ltd for distribution […]
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