Finance
Job agency introduces specialist accounts training
(CNS Business): As local people continue to face an uphill struggle to find work, fourteen job seekers completed a Colour Accounting training course recently via the National Workforce Development Agency, which experts say will help them in their job hunt. Described as a “revolutionary new way to learn accountingâ€, the course was sponsored by the […]
New manager for Chamber Pension Plan
(CNS Business): The Chamber of Commerce Pension Plan has appointed Randall Fisher as the new director of operations, and Paul Schreiner has been elected to be the next chairperson for the Board of Trustees. Fisher, who has been serving as the acting office manager since July, has over 25 years of experience in the financial services industry […]
OECD says new deal will end tax havens
(CNS Business): Tax havens will no longer exist in five years as a result of new rules aimed at combating tax abuse, the OECD has said. In the wake of the agreement signed last week by over 50 countries, including the Cayman Islands, Grace Perez-Navarro, from the Organisation for Economic Co-operation and Development (OECD), said […]
Panton signs latest global information exchange deal
(CNSBusiness): The Cayman Islands government joined more than 50 countries Wednesday, when it signed the latest agreement to tackle global tax evasion. Wayne Panton, the financial services minister, signed on the dotted line of the OECD’s Multilateral Competent Authority Agreement (MCAA) in Berlin, the latest worldwide standard for automatic exchange of information (AEOI) among tax […]
Offshore compulsory winding up petitions drop
(CNS Business): Compulsory winding up petition filings in most offshore jurisdictions fell, on average, by 31% in the first three quarters of 2014 as compared to the same period last year, according to Appleby, one of the world’s largest providers of offshore legal, fiduciary and administration services. The new data, published in Snapshot: Interim Report […]
Dart fund seeks Argentina debt
(CNS Business): EM Limited, a hedge fund founded by billionaire Kenneth Dart, is pushing for US$835 million it is owed by Argentina. A federal judge, backed by the US Supreme Court, ordered Argentina to pay US$1.33 billion plus interest to so-called ‘holdout’ bondholders led by Elliott Management’s NML Capital Ltd and Aurelius Capital Management to […]
Byles pens offshore textbook for BVI
(CNS Business): Local banker and consultant Paul Byles has recently authored a first-of-its-kind introductory textbook on the offshore financial services industry with specific focus on the British Virgin Islands, on behalf of the BVI regulator, the Financial Services Commission. This is Byles’ second book, having already published Inside Offshore, a guide to offshore services and […]
Young Caymanians join law firm as articled clerks
(CNS Business): Walkers has announced the appointment of three new Caymanian articled clerks. Renee Prendergast, Arleth Ebanks and Rebecca Peck, who are all former Walkers scholarship recipients, have completed their legal education and have now begun Walkers’ Articled Clerk Training Programme. Over the next 18 months they will undergo rigorous training with the firm and will […]
Cayman tops Banker survey for sixth time
(CNS Business): Cayman’s position as the world’s top specialised financial centre was reconfirmed again this week with the news that this jurisdiction has come first in a leading international survey, topping the specialised financial centres ranking, as compiled by The Banker magazine. This is the sixth consecutive year that the Cayman Islands has led the […]
CI Law School graduate returns from Asia
(CNS Business): Sailaja Alla, senior associate at Harneys, has returned to the Cayman Islands following a series of secondments in Hong Kong. The Cayman Islands Law School graduate spent a total of 4 years working in Asia and has resumed life on island with a wealth of valuable experience, the firm says. “Hong Kong is incomparable […]
Cayman captives reps heading to California
(CNS Business): The Cayman Islands premier will be part of a delegation representing the jurisdiction’s captive insurance industry at the American Society for Healthcare Risk Management annual conference (ASHRM) next week. Alden McLaughlin, Councillor Roy McTaggart and Tamara Ebanks, Deputy Chief Officer of the Ministry of Financial Services, will be among the 31 people from […]
Clock ticking on daylight savings discussion
(CNS Business): The Department of Commerce and Investment is making a final appeal to the public to complete the government’s survey on the introduction of daylight savings time in the Cayman Islands. The on-line questionnaire will close at the end of this month and people are being urged to express their opinion on whether Cayman […]
Moxam calls for financial services plan
(CNS Business): The Chamber of Commerce president said he was surprised that, despite its significance to the local economy, the Cayman Islands Government does not have a strategic plan in place to deal with the financial services sector. At the Chamber’s annual legislative lunch last week, Johan Moxam argued that much more needed to be done […]
Premier pats financial services minister on back
(CNS): The Cayman Islands premier was singing the praises of his long-time friend and Cabinet colleague last week when he singled out the financial services minister for a pat on the back over his handling of the latest slight over Cayman’s offshore sector. Alden McLaughlin said that Cayman had once again been forced to defend […]
Cayman bean counters to confer on best practice
(CNS): Registration for the annual Government Professional Development Week, which will take place in November, is now open, officials have stated. The special conference organized by the Cayman Islands Society of Professional Accountants (CIPSA) is open to both public and private sector financial management professionals and covers the latest developments in managing public sector resources […]
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