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Inadequate law must be updated, say lawyers

Inadequate law must be updated, say lawyers

| 28/03/2017 | 6 Comments

(CNS Business): The Cayman Islands Law Society said it was disappointed that the Legal Practitioners Bill failed to make it through the Legislative Assembly yesterday and warned that remaining with the status quo would continue to have a negative impact on current and future generations of local [...]

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Finance sector is important to all, says Scott

Finance sector is important to all, says Scott

| 28/03/2017 | 0 Comments

(CNS Business): Jude Scott, the CEO of Cayman Finance, said that the offshore financial services sector is important to everyone in Cayman and not just those making a direct living from it. In an effort to win the hearts and minds of the local communit [...]

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Cayman model may lead way on beneficial ownership

Cayman model may lead way on beneficial ownership

| 07/03/2017 | 2 Comments

(CNS Business): As the technical experts at the financial services ministry continue to work on the systems that will allow UK authorities to access the beneficial ownership details of companies and other financial entities domiciled in Cayman during investigations, the model Cayman is adopting c [...]

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Premier in London to promote Cayman

Premier in London to promote Cayman

| 01/03/2017 | 0 Comments

(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 Deve [...]

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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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