Tag: Featured

Inadequate law must be updated, say lawyers

Inadequate law must be updated, say lawyers

| 28/03/2017 | 0 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 [...]

Continue Reading

3,500 businesses asked for data to measure local economy

3,500 businesses asked for data to measure local economy

| 27/03/2017 | 0 Comments

(CNS Business): The Economics and Statistics Office has begun its annual business surveys to measure local economic performance. Officials said about 3,500 forms for the System of National Accounts (SNA) and the Balance of Payments (BOP) surveys, which began Monday, have been sent to the business [...]

Continue Reading

UK crime law will impact CI financial sector

UK crime law will impact CI financial sector

| 17/03/2017 | 0 Comments

(CNS Business): A new piece of legislation currently being steered through the UK parliament could have a significant impact on the Cayman Islands. The Criminal Finances Bill, which once passed will amend the Proceeds of Crime Act, is focused on dealing with terrorist financing but it also create [...]

Continue Reading

Lawyers sue Ironwood developers for $95k debt

Lawyers sue Ironwood developers for $95k debt

| 14/03/2017 | 22 Comments

(CNS Business): The company that is planning a huge multi-million-dollar resort based around an Arnold Palmer golf course is being sued by a local law firm for an outstanding debt of around CI$95,000. Despite promoting plans for the proposed significant $300+ million development in Frank Sound, [...]

Continue Reading

Flow lays off workers in team restructure

Flow lays off workers in team restructure

| 06/03/2017 | 10 Comments

(CNS Business): Local telecommunications company Flow, the brand name of Cable & Wireless, confirmed that they have laid off seven Caymanians workers and two ex-pat positions have been cut in what it described as “adjustments to how we run our business”. The job cuts come following announ [...]

Continue Reading

Premier reveals details of 3D land parcels

Premier reveals details of 3D land parcels

| 06/03/2017 | 12 Comments

(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, lan [...]

Continue Reading

Private eye allegations ‘incredibly damaging’

Private eye allegations ‘incredibly damaging’

| 02/03/2017 | 6 Comments

(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 [...]

Continue Reading

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 [...]

Continue Reading

Digicel to cut one in four jobs in restructure

Digicel to cut one in four jobs in restructure

| 23/02/2017 | 14 Comments

(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 [...]

Continue Reading

LA to tackle a dozen offshore laws

LA to tackle a dozen offshore laws

| 22/02/2017 | 1 Comment

(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 y [...]

Continue Reading

Fuel costs fall as earnings rise for CUC

Fuel costs fall as earnings rise for CUC

| 21/02/2017 | 8 Comments

(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 o [...]

Continue Reading

Clerks back proposed lawyers law

Clerks back proposed lawyers law

| 21/02/2017 | 50 Comments

(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 [...]

Continue Reading

Regulator seeks to gain trust with consistency

Regulator seeks to gain trust with consistency

| 14/02/2017 | 7 Comments

(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, transparenc [...]

Continue Reading

Panton challenges constant regulatory change

Panton challenges constant regulatory change

| 14/02/2017 | 1 Comment

(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 [...]

[...]

Continue Reading

New silks include criminal defence veteran

New silks include criminal defence veteran

| 08/02/2017 | 6 Comments

(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 [...]

Continue Reading