Finance
Law student spends a year in Hong Kong
(CNS Business): One young Caymanian legal student, whose studies are sponsored by Walkers, has recently completed a year of his law degree on exchange at the University of Hong Kong, providing a new and exciting perspective to his legal education. Michael Testori is a recipient of the 2011 Walkers Legal Scholarship and is studying the […]
Butterfield reports second quarter profit
(CNS Business): With second quarter core earnings of $26 million, an increase on earnings of some $5.8 million, Butterfield bank is boasting of 28.7% growth compared to last year in its latest financial report. As a result the banks earnings for first six months of this year were $49.1 million up $13.6 million or 38.3% […]
PwC leaving GT for Camana Bay
(CNS Business): PricewaterhouseCoopers (PwC) Cayman Islands is the latest business that appears to be abandoning the islands’ capital and heading to Camana Bay. During a ‘topping out’ ceremony at Dart Realty’s town, where its latest office block is well on the road to completion, the developer announced that the accountancy and consultancy firm will be […]
New deputy managing director at CIMA
(CNS Business): Anna McLean, a former banking supervisor with 23 years of financial services experience, has been appointed to the position of Deputy Managing Director – Supervision at the Cayman Islands Monetary Authority (CIMA), the authority has announced. McLean joined the Banking Supervision Department of the Cayman Islands Government as an analyst in 1990, and […]
Bulgaria beats Cayman in ‘best of’ low tax places list
(CNS Business): Bulgaria, UAE and Mauritius are just some of the countries that have beaten Cayman in a top ten list of low or no tax destinations compiled by a firm specialising in international expatriation. Cayman does make the list but is well out of the top five, down in ninth place, in the ranking […]
Contractors should be consulted for airports project
(CNS Business): The redevelopment of the Owen Roberts International Airport is number one on the list of national priorities, but in addition to the proposals in the finance report put forward by consultants PricewaterhouseCoppers, government should also consult the Cayman Contractors Association regarding costs and what is possible, Chamber of Commerce President Johann Moxam told […]
Rationalization success depends on implementation team
(CNS): The Cayman Islands Chamber of Commerce encourages the government to be transparent and to share the EY report on government rationalization, which is expected this week. However, Chamber President Johann Moxam said it was “imperative†that the government then puts together a competent and professional implementation team. “That is the key to the overall […]
Articled Clerk at Campbells passes PPC with distinction
(CNS Business): Local law firm Campbells has announced that Dr Laetitia Bush has passed the legal Professional Practice Course at the Truman Bodden Law School with distinction and will be starting her articles with the firm in August 2014. Laetitia began her career in the field of Entomology and possesses a BSc in Biology and […]
Jersey-based company expands to Cayman
(CNS Business): Enhance, a  provider of investment oversight services in the fiduciary sector, say the opening of their new office in the Cayman Islands is a result of the thriving trust business in this jurisdiction as well as the company’s significant growth over the last year, including an increase in clients with Caribbean-based interests. Lee […]
New OECD standards criticized
(CNS Business): An organisation that campaigns for transparency in the international financial system has criticised the Organization for Economic Cooperation and Development’s released detailed guidelines, released Monday, on the common reporting standard for automatic exchange of financial information. The Financial Transparency Coalition (FTC) said the OECD plan “inches closer to implementation of a global standard but continues […]
Overseas territories jittery over register
(CNS Business): Cayman is not the only British overseas territory that has concerns about the UK government’s push for open access across all the territories regarding the beneficial owners of the companies, trusts, funds and other financial institutions that are registered offshore. UK Prime Minister David Cameron is planning an open register for Britain wants […]
Walkers celebrates 50 years with alumni gathering
(CNS Business): Deputy Governor Franz Manderson and Financial Services Minister Wayne Panton, both former Articled Clerks at Walkers, were among the guests at the firm’s 50th Anniversary celebrations, which it celebrated by hosting a special Alumni Evening for the many articled clerks who have undergone legal training with them over the years. A large number […]
National Internship Programme launched
(CNS Business): The target group for the National Workforce Development Agency’s new National Internship Programme is college students studying locally or abroad, according to Employment Minister Tara Rivers. However, she said it is also open to others who may want to “try before they buy†regarding their career path.  Chaquira Hodgson is the first intern […]
Commentary: FATCA and the rush to register
The plethora of recent regulation means that clients are now well versed in deploying technology to address compliance concerns. Unfortunately, many opted to pursue point solutions for each regulatory thread and are now looking at integration projects to bring it all together, writes Chris Eaton, Executive Vice President, Blue Bison Software.
US federal contracts denied to firms in ‘tax havens’
(CNS Business): The Cayman Islands and Bermuda were targeted by  the US House of Representatives Congress last week when it voted to prevent companies that moved to the two jurisdictions from the US from winning certain energy and water federal contracts. Other low-tax counties, such as Ireland and Switzerland, were not included in the amendment […]
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