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Panton navigates choppy ‘blacklist’ waters

Panton navigates choppy ‘blacklist’ waters

| 08/02/2017 | 7 Comments

(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 ter [...]

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Minister optimistic over OECD assessment

Minister optimistic over OECD assessment

| 24/01/2017 | 2 Comments

(CNS Business): Financial Services Minister Wayne Panton says he is optimistic that the report on the local financial service sector’s compliance with international standards will be a good one. A team of assessors from the OECD Global Forum on Transparency and Exchange of Information for [...]

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CUC to close George Town HQ payment centre

CUC to close George Town HQ payment centre

| 19/01/2017 | 0 Comments

(CNS Business): Customers of CUC will no longer be able to pay their bills at the CUC head office in North Sound Road or its office at the Caribbean Plaza. In a circular sent out this week, the firm said it was changing the way it does business to focus on “delivering enhanced services in the a [...]

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Cayman listed as 2nd worst tax haven

Cayman listed as 2nd worst tax haven

| 13/12/2016 | 25 Comments

(CNS Business): The Cayman Islands has been named as one of the worst corporate tax havens in the world in a new report examining the impact that tax-dodging corporations have on the world’s poorest people. The report, by the international charity Oxfam, lists Cayman in second place behind Berm [...]

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80% of Law Society back new bill

80% of Law Society back new bill

| 08/12/2016 | 18 Comments

(CNS): As the row over the latest draft version of the Legal Practitioners Bill continues, the Cayman Islands Law Society have released a statement backing to the proposed law and said that over 80% of its 400 plus members are behind it. The profession has been in agreement for years that a new l [...]

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Golden Spoons Review: The Hungry Iguana Restaurant & Bar

Golden Spoons Review: The Hungry Iguana Restaurant & Bar

| 05/12/2016 | 0 Comments

(CNS Foodie): The Hungry Iguana on Little Cayman is located right by the airport but cannot supply an early supper as you wait for your plane as it doesn’t start serving dinner until 6pm. It is nonetheless a pleasant place to wait with a drink on the terrace overlooking the sea or chatting [...]

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Lawyers’ law delayed as small firms ask for time

Lawyers’ law delayed as small firms ask for time

| 18/10/2016 | 38 Comments

(CNS Business): The financial services minister has postponed the debate on the still controversial Legal Practitioners bill until the next meeting of the Legislative Assembly because of a request by some small and sole practitioners who want more time to submit suggestions that specifically impa [...]

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Ministry refutes water firm’s gripes

Ministry refutes water firm’s gripes

| 13/10/2016 | 0 Comments

(CNS Business): Complaints from Cayman’s private sector water supplier over new legislation designed to properly regulate all utilities on the islands have been address by the planning minister in a very long detailed letter. Consolidated Water Cayman had written to the ministry that has respon [...]

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CUC begins to shape future energy plan

CUC begins to shape future energy plan

| 01/09/2016 | 3 Comments

(CNS Business): The monopoly power provider on Grand Cayman has brought in consultants to begin drawing up potential future plans for CUC to consider to maintain a safe, reliable and viable electricity supply for the next three decades. Integrated Resource Plan (IRP) will set out a proposal for [...]

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Consolidated Water executives cash in with share sale

Consolidated Water executives cash in with share sale

| 27/05/2016 | 0 Comments

(CNS Business): With its share price closing in on five year highs, two executives at Consolidated Water have cashed in some significant shareholdings in the wake of the water company’s first quarter results. Stock watchers, meanwhile, await news on the firm’s Mexican subsidiary’s proposal [...]

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Local lawyers join in the anti-corruption chorus

Local lawyers join in the anti-corruption chorus

| 11/05/2016 | 0 Comments

(CNS Business): With anti-corruption topping the news agenda this week as British Prime Minister David Cameron prepares to host a summit in London Thursday, the local legal profession has added its voice to the growing chorus about the ills of corruption and Cayman’s part in the fight against [...]

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Formal professional training established for judiciary

Formal professional training established for judiciary

| 10/05/2016 | 0 Comments

(CNS): The judiciary is adopting a more formalised process of training for judges and magistrates with the creation of the Judicial Education Committee (JEC) to help maintain a forward-looking approach to the changing legal world. It comes against the backdrop of a change to legislation last wee [...]

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EU blacklist of tax havens coming within six months

EU blacklist of tax havens coming within six months

| 03/05/2016 | 24 Comments

(CNS Business): A European-wide blacklist of non-cooperative tax jurisdictions is definitely coming and will be announced within six months, according to EU officials. Member of European Parliament (MEP) Jeppe Kofod, who is part of the TAXE2 Committee that a delegation from Cayman recently appea [...]

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UK-Cayman sign deal on beneficial ownership

UK-Cayman sign deal on beneficial ownership

| 11/04/2016 | 0 Comments

(CNS Business): After almost three years of talks, the UK and Cayman governments have signed a deal on the framework outlining how the information on the beneficial owners of offshore entities will be given to the British authorities. For now, Cayman has avoided the need for a public central regi [...]

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Panton: Mac out of touch with reality

Panton: Mac out of touch with reality

| 26/01/2016 | 5 Comments

(CNS Business): Following recent comments by Opposition Leader McKeeva Bush on Facebook about new standards for the exchange of information introduced in Cayman, Financial Services Minister Wayne Panton said Bush was “completely out of touch with reality”. The latest Common Reporting Stand [...]

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