May 26, 2015

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Meridian Capital International Fund announces change in shareholdings

Caspian_Energy_albom_090812-300x224GEORGE TOWN, GRAND CAYMAN, CAYMAN ISLANDS, May 25, 2015 (Canada NewsWire via COMTEX) — Meridian Capital International Fund (“Meridian”) announced today that, in connection with the closing of the restructuring transaction by Caspian Energy Inc. (“Caspian”), the percentage of Meridian’s shareholdings of the common shares of Caspian (“Common Shares”) has been substantially decreased. Meridian, together with related parties, now hold 122,879,055 Common Shares representing approximately 26.5% of the currently issued and outstanding Shares and 197,369 warrants to purchase Common Shares.

The successful transaction represents the result of a long and comprehensive restructuring of Caspian, which has been supported by Meridian and other stakeholders as a means to transform the organization and management of Caspian in response to financial difficulties faced by the Company.

In connection with closing of the Transaction, Caspian issued Common Shares and securities convertible into Common Shares to a number of stakeholders, including to Meridian as a result of the conversion (the “Conversion”) of amounts owed to it by Caspian under a $US 3 million loan agreement (the “Loan Agreement”) dated July 7(th), 2014, as amended November 4, 2014. The Common Shares received by Meridian in connection with the Conversion were issued at a price of Cdn.$0.06 per Common Share for the $US 1,500,000 principal amount advanced by Meridian under the first tranche of the Loan Agreement, and Cdn.$0.07 per Common Share for the $US 900,000 principal amount advanced by Meridian under the second tranche of the Loan Agreement.

For more information about the Transaction please refer to the news release issued by Caspian on May 20th, 2015.

This news release is being issued pursuant to National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues of the Canadian Securities Administrators.

A copy of the early warning report in respect of this transaction will be available at

SOURCE Meridian Capital International Fund

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Cayman Islands HospiceCare announces changes at the helm

Danielle Coleman HospiceCayman HospiceCare (CHC) is pleased to announce Danielle Coleman as its new Director of Operations & Development. Danielle brings extensive experience working in the humanitarian sector both locally in the Cayman Islands and overseas, specifically in areas relating to disaster response & risk reduction, human rights, gender equality, disabilities and sexual violence.

“On behalf of the Board of Directors of Cayman HospiceCare, I am delighted to welcome Danielle Coleman as the new Director of Operations & Development,” reported Christopher Duggan, Chairman of the Board of Cayman HospiceCare. “Danielle’s expertise and experience will help to grow our organisation and will move it forward as we continue to provide invaluable and much needed Hospice and Palliative Care to the people of the Cayman Islands. We are delighted to have Danielle on board and we wish her well in her new role.”

“It is a real honour to be joining such an extraordinary team and being part of the work that Cayman HospiceCare does for our community. I have seen first-hand the passion and care that Cayman HospiceCare gives when nurses cared for my own family members a few years ago. I am forever grateful for the service provided and for the nurses who work tirelessly to ensure that patients and their families are supported during such a difficult time.”

As Director of Operations & Development of Cayman HospiceCare, Danielle will be working with the Board of Directors to ensure successful day to day management of CHC and will oversee fundraising efforts to support CHC, an ongoing activity.

Acknowledging her predecessor, Jennifer Grant- McCarthy, Danielle stated, “There is no denying that I have big shoes to fill, Cayman HospiceCare has come a very long way over the last decade, thanks to Jennifer (and others). I look forward to carrying on their good work and taking HospiceCare to the next step with our new multi-purpose building that will be breaking ground in the near future.”

Danielle holds both a Master’s degree in Law and one in Understanding and Securing Human Rights. Having qualified as an Attorney in 2003, Danielle left the legal world to assist in a dive recovery program in post Tsunami, Thailand. Since then, she has worked for the Human Rights Committee, the British Red Cross, the Cayman Islands Red Cross and the Red Cross International, Regional and National Emergency Response Teams. She is also a Rotary International Peace Fellow.

Danielle’s other community involvement has included serving as Director on both the Estella Scott Robert’s Foundation and No Strings puppet charity, and has been an active volunteer for Legal Befrienders’ clinic for over 10 years. She is a qualified yoga instructor and currently co-teaches at HMP Fairbanks.

Hot off the heels of the CHC’s Big Bash, CHC are now focusing on the launch of the Watercolours calendar on May 26th and Voices for Hospice – “A Night on Broadway”, which is a musical celebration of life to take place on October 9th/10th at the Prospect Playhouse.

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20th Annual CISAC Meeting of Cayman Islands shipowners

Screen Shot 2015-05-23 at 1.26.36 PMGEORGE TOWN, Grand Cayman; 19 May 2015

The 20th Annual Cayman Islands Shipowners’ Advisory Council (CISAC) was held this month on the 4th May 2015 at the Grand Cayman Marriott Beach Resort, Cayman Islands.

The CISAC incorporates a plethora of shipping company operators, managers, representatives, owners, as well as internationally operated, Cayman-registered vessels totalling 4.33 million gross tonnes as at 31, March 2015.

Speaking at the meeting, the Hon. Wayne Panton, Minister of Financial Services, Commerce and Environment, underlined the significant strides being taken by Cayman Registry. “One of the areas that deserves significant attention is the international recognition that Cayman has earned in terms of its high quality service and technical excellence, including our ranking on the International Chamber of Shipping’s annual Flag State Performance Table, which has Cayman listed as one of the top-14 flags in the world.”

Other important issues discussed include Cayman’s excellent safety and pollution prevention record, and the development of the Passenger Yacht Code. Steady commitment to being a premium, comprehensive, international maritime centre was also highlighted as the country continues to find ways to offer a structured system of incentives to attract maritime service companies allowing for more efficient and cost-effective procedures to do business in Cayman.

Following the CISAC Meeting, the MARE FORUM held the 3rd Cayman Islands Shipping Summit on the 5th May 2015 at the same venue. Cayman Registry was a sponsor of this event and the Summit was chaired by the CEO, A. Joel Walton of Cayman Registry.

The Mare Forum conferences are considered by many to be among the most global and influential forums for the maritime and shipping industry. MARE FORUM’s goal as a professional conference organisation is to be bring together policy makers and chief executives of industry in a decisive dialogue and debate, where business strategy and policy-making for today and tomorrow’ issues can be realised with optimal results.

The most notable announcement made by the Premier, Hon. Alden McLaughlin, during his opening remarks at the Summit has come to fruition; the establishment of a Maritime Services Park to be operated by Cayman Enterprise City. It is anticipated that this Park will bring maritime services businesses to the Cayman Islands and will help in the establishment of the Cayman Islands as the largest maritime cluster in the region. Cayman Maritime Services Park is intended to cater to a broad selection of businesses, including ship owners, shipbrokers, shipping financiers, head offices or satellite offices of maritime industrial businesses, yacht manufacturing, and shipping operations.

The Maritime Authority of the Cayman Islands (MACI) of which the CISR is a division, is a statutory corporation formed as a separate legal entity under the Maritime Authority of the Cayman Islands Law (2005) which came into effect on July 1, 2005. The Authority is wholly-owned by the Government of the Cayman Islands but governed by a Board of Directors appointed by the Governor of the Cayman Islands.

In general, MACI functions as the maritime administration of the Cayman Islands and as such discharges, on behalf of the Cayman Islands Government, the range of responsibilities and services normally associated with such a maritime administration.

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Cayman Islands regulator announces development of a new Cayman AIFMD compliant fund for marketing in the EEA

39a5cffe1140e45bde7e64b722f7dde7From Simmons & Simmons elexica

The Cayman regulator has published a statement that it is finalising a new AIFMD-compliant regime and a new category of fund – an AIFMD Fund – that wishes to market in the EEA.
Submitted 19 May 2015
Applicable Law Cayman Islands, European Union
Topic Asset Management > Hedge funds, Private equity funds, Regulated funds
Investment Bank Regulatory
Sector Focus Asset Management and Investment Funds
ContactSimon Whiteside, Devarshi Saksena, Richard Perry, Iain Cullen
In a statement dated 15 May 2015, the Cayman regulator, the Cayman Islands Monetary Authority (CIMA) has announced that, along with the Cayman Government, it is finalising a new AIFMD-compliant regime and a new category of fund – an “AIFMD Fund” – that wishes to market in the European Economic Area (EEA). This open or closed-ended fund would create a flexible “opt-in” regime”.

The background to the statement is that, in July 2015, the European Securities and Markets Authority (ESMA) is due to make a recommendation to the European Commission as to whether the AIFMD marketing passport should be extended to allow non-EEA funds to be marketed into the EEA and, if so, whether all such funds would be allowed or only those from certain specified jurisdictions.

Despite there being no formal indication from ESMA as to its current position, the general mood music in the market is that it will recommend that only funds from a limited number of jurisdictions be allowed to be marketed in the first instance. As a result, gossip is raging as to whether Cayman funds would be within the first tranche of permissible funds.

Clearly, CIMA is hopeful that the new AIFMD Fund will be accepted by ESMA as capable of being marketed in the EEA under an extended AIFMD passport.

In its statement, CIMA notes:

At this stage, CIMA would urge industry members not to give credence to otherwise baseless rumours as to the status of any supposed ESMA listing of countries, and would like to give the assurance that CIMA and the Ministry are working assiduously within the context of our respective remits to ensure that Cayman funds can continue to be marketed within the EU and elsewhere in the foreseeable future.

This document (and any information accessed through links in this document) is provided for information purposes only and does not constitute legal advice. Professional legal advice should be obtained before taking or refraining from any action as a result of the contents of this document.


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Blue Bell, the Texas based ice cream maker announces huge layoffs

blue-bell-ice-creamBlue Bell Creameries, the Brenham, Texas-based ice cream maker has now recalled all products after the brand was tied to a listeria outbreak that killed three in Kansas. Because of this the company has announced huge layoffs

Statement From Blue Bell Creameries

Due to the extended timeline required to ensure the highest quality and safety of Blue Bell’s products when the company resumes production, and because supply and distribution will be limited for some time to come, Blue Bell Creameries CEO and President Paul Kruse today announced “the agonizing decision” that the company will have to reduce the size of its work force and take other cost-cutting measures, including furloughs and salary reductions.

“The agonizing decision to lay off hundreds of our great workers and reduce hours and pay for others was the most difficult one I have had to make in my time as Blue Bell’s CEO and President,” Kruse said. “At Blue Bell, our employees are part of our family, and we did everything we could to keep people on our payroll for as long as possible. At the same time, we have an obligation to do what is necessary to bring Blue Bell back and ensure its viability in the future. This is a sad day for all of us at Blue Bell, and for me personally.”

The process of cleaning and improving Blue Bell’s four production plants is going to take longer than the company initially anticipated, especially at the main plant in Brenham where major repairs and equipment replacements are expected. There is no firm timeline for when Blue Bell will begin producing ice cream again. When production resumes, it will be limited and phased in over time.

Kruse said the employee actions affect three groups:

Employees who are essential to ongoing operations and cleaning and repair efforts will continue to work but have their pay reduced.
A second group of employees will be placed on partially paid furlough. They will be paid a substantial portion of their current pay, with the expectation that they will return to work as production resumes.
Because there is not a clear timeline for when production will resume, and because supply and distribution will be limited when it does, a third group of employees will be laid off.
Approximately 1,400 employees will be furloughed, and approximately 750 full-time and 700 part-time employees – or 37 percent of the total Blue Bell workforce of 3,900 – will be laid off, Kruse said.

Blue Bell also made the difficult decision to suspend operations and lay off employees at the following distribution centers: Phoenix (2 branches) and Tucson, Arizona; Denver, Colorado; Indianapolis, Indiana; Kansas City and Wichita, Kansas; Louisville, Kentucky; Albuquerque, New Mexico; Las Vegas, Nevada; Raleigh and Charlotte, North Carolina; Columbia, South Carolina; and, Richmond, Virginia.

These decisions were based on the ability to service those locations given the limited production capacity Blue Bell expects when it resumes operations. Distribution centers typically service a 75 mile radius.

Blue Bell executives will be contacting area chambers of commerce to ask for their help for employees who have been laid off, and business owners who may have jobs available are encouraged to contact Blue Bell at 979-830-9831 or at



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Cayman Islands announces implementation of mental health recommendations

Screen Shot 2015-05-13 at 1.44.10 PMPress Release on the World Health Organization Assessment Instrument for Mental Health Systems in the Cayman Islands (WHO-AIMS) Report
The Ministry of Health and Culture has recently commenced implementing recommendations of the World Health Organization Assessment Instrument for Mental Health Systems in the Cayman Islands (WHO-AIMS) Report.
The WHO-AIMS was used to collect information on the mental health system in the Cayman Islands. The study, which was completed in late 2014, was carried out by the Mental Health Commission of the Cayman Islands (MHC) appointed by the Ministry of Health, with technical support provided by the Pan American Health Organization and the World Health Organization (PAHO/WHO), Jamaica and Regional Offices, by Devora Kestel, PAHO Mental Health Regional Advisor.
The completion of this study would not have been possible without the collaboration of the Ministry of Health, Cayman Islands National Insurance Company (CINICO), the Ministry of Education, the Department of Counselling Services, the Department of Children and Family Services, and the Cayman Islands Health Services Authority (HSA).
While it is testament to the work of the Ministry of Health, the MHC, HSA and the other stakeholders in the provision of mental health services, that there are significantly more strengths (as noted on p 26 of the WHO-AIMS Report) than weaknesses within the mental health system in the Cayman Islands, the Ministry of Health has begun work to implement recommendations of the report.
For instance, while there is a National Health Policy and Strategic Plan 2012-2017 for the Cayman Islands, the Ministry of Health recognises the need for a separate Mental Health Policy as also highlighted by the report. The Ministry of Health in conjunction with the Mental Health Commission will later this year start work on the development of a National Mental Health Policy.
The report also noted there is no long-term residential mental health facility on island. The Government has recognised the need for such a facility and as such the Ministry of Health has convened a Steering Committee to work within the parameters of the Framework for Fiscal Responsibility (FFR) guidelines with the potential of developing the first Long Term residential Mental Health Facility (LTRMHF) for the Cayman Islands.
WHO-AIMS for the Cayman Islands emphasised the need for human rights awareness for all front-line professionals working with the mentally ill and for health sector employees. Accordingly, the Mental Health Commission will seek to work with the Human Rights Commission to develop training and to roll it out to the necessary stakeholders, similarly to how the Mental Health Commission is currently training stakeholders on their role in the application of how to apply the new Mental Health Legislation and Regulations.
Minister of Health the Hon Premier Alden McLaughlin commented on “the dedicated efforts and professional approach” of the group which took the lead in carrying out the WHO-AIMS study.
“The Ministry is reassured by the comprehensive and technical nature of the WHO-AIMS report. This is the first time the Cayman Islands has had this type of baseline information, which will be useful in determining the needs of the mental health system of the Cayman Islands,” said Mr McLaughlin. He added that the Ministry will continue to work closely with the WHO-AIMS stakeholder group and as far as possible, incorporate its concerns into the priorities government is developing for the subject area of health.
The Ministry of Health wishes to note its appreciation to the following persons: Philip Slater, Eileen McLaughlin, Carol Kelly, Karima Taylor, Charmaine Elias, Heather Lockhart, Alexandra Bodden, Terry Delaney, Alexandra Stewart, Shannon Seymour, Taylor Burrowes, Donald Potkins, Michael Chester, Terica Larmond and Dee Duggan for making this report possible.
The report in full along with a Guidance Note can be found on the Ministry of Health’s website:
The report is also on the WHO / PAHO website:

Guidance Note to accompany the World Health Organization Assessment Instrument for Mental Health Systems (WHO-AIMS) Report

The Ministry of Health, in collaboration with the Mental Health Commission (MHC), has reviewed the WHO-AIMS Report for the Cayman Islands. Together the Ministry of Health and the MHC have prepared this guidance note as the first step in a process to ensure the WHO-AIMS Report is viewed within
context and to determine the next steps the country needs to take to address the weaknesses outlined in the WHO-AIMS Report.
It is testament to the work of the Ministry of Health, the MHC, the Cayman Islands Health Services Authority (HSA) and the other stakeholders in the provision of mental health services, that there are significantly more strengths (as noted on p 26 of the WHO-AIMS Report) than weaknesses within the mental health system in the Cayman Islands.
The Ministry of Health and the MHC have made the following set of responses to weaknesses outlined by the WHO-AIMS Report:

1. The Cayman Islands needs a mental health policy.
The Ministry of Health in conjunction with the Mental Health Commission is set to start work imminently on developing a Mental Health Policy. While there is a robust current National Health Policy and Strategic Plan 2011-2017 for the Cayman Islands, the Ministry of Health recognises the need for a separate Mental Health Policy.
2. The 8 bed inpatient psychiatric unit is limited and does not make allowances for children and adolescents.
The inpatient unit currently serves a wide remit in that it also has to take patients in the Cayman Islands with intellectual/learning disabilities who have behavioural problems, while these patients would be better served in a different specialist facility. There may also be a role in the mental health services for nurse who is qualified in the care of the mentally handicapped in
Child and Family Service settings as well, although a social rather than medical milieu should be fostered.
Additionally the inpatient unit often serves patients who will be better served by the planned- for Long Term Residential Mental Health Facility (LTRMHF). Once the LTRMHF is in place, this facility will reduce burden, and thus lift some of the space and scope limitation of the inpatient psychiatric unit.
It is acknowledged that there is no community or ward-based mental health nurses who specialise in the mental health care of children and adolescents. This need will be addressed in the Mental Health Policy.

3. There is no long-term residential mental health facility on island.
The Government has recognised the need for such a facility and as such the Ministry of Health is about to convene the Steering Committee to develop the first Long Term residential Mental Health Facility (LTRMHF) for the Cayman Islands. The Government has approved the funding necessary during fiscal year 2015/16 to develop the request for proposal for the creation of the outline business case (OBC) in order to embark on the first stages of developing the facility.

A long term residential mental health facility is for a person with a mental illness who is under sufficient control to allow discharge from an inpatient hospital. This person will be provided with treatment and a continuum of care from the psychiatrist, psychologist, counsellor, occupational therapist and others to improve their outcome and ultimately live as a productive resident of the Cayman Islands. At this facility staff supervision will be provided with each person assigned a structured programme that will assist in their rehabilitation. In instances where a person at the facility becomes unmanageable or has an acute episode, provisions will be in place for a quiet room/crisis area to contain the behaviour of the person, or the person will be transferred to the mental health inpatient unit at the hospital. The facility will be designed so that patients can engage in activities to find their individual paths to wellness and recovery, thereby allowing some of these persons to move to independent living.
With the establishment of the long-term mental health facility, the inpatient mental health unit at the Health Services Authority will continue to serve the community for persons with an acute episode and must be hospitalized for monitoring and stabilization.

4. Additional mental health professionals are required in the outpatient facilities particularly for treating children and adolescents.
It is acknowledged that additional mental health professionals are required in the outpatient facilities particularly for treating children and adolescents. This will be addressed with the development of the Mental Health Policy.

5. The data collection of information on mental health patients is fragmented.
The Government is cognizant of the fact that it has not to-date published any report covering mental health data. The Government also acknowledges that there is no formally defined list of individual data items that ought to be collected by all mental health facilities. The matter of data collection and reporting will be addressed with the development of the Mental Health Policy.

6. Training on human rights should be encouraged for all health sector employees.
The Mental Health Commission will seek to work with the Human Rights Commission to develop training and to roll it out to the necessary stakeholders, similarly to how the Mental Health Commission is currently training stakeholders on how to apply the new Mental Health Legislation and Regulations.

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Seagate Technology announces pricing and increased size of senior unsecured notes offering

seagate-technology-plc-logoCUPERTINO, Calif., May 11, 2015 (BUSINESS WIRE) — Seagate Technology plc STX, -0.83% announced that it has increased the size of its previously announced offering of $400 million aggregate principal amount of senior notes due 2027 (the “Notes.”) to $700 million. The Notes were priced at 99.718% of the aggregate principal amount and will bear interest at a rate of 4.875% per annum. The Notes will be issued by Seagate HDD Cayman (“HDD Cayman”), an indirect wholly owned subsidiary of Seagate Technology plc (“Seagate”), and guaranteed by Seagate.

The Notes are being sold in a private placement to qualified institutional buyers pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”). The sale of the Notes is expected to close on May 14, 2015, subject to customary closing conditions.

Seagate estimates that the net proceeds from the offering will be approximately $692 million after deducting underwriting discounts and estimated offering expenses.

HDD Cayman intends to use the net proceeds from the offering of the Notes for general corporate purposes, which may include, but are not limited to, replenishing cash associated with the redemption of the outstanding 6.875% Senior Notes due 2020, capital expenditures and other investments in the business.

About Seagate

Seagate creates space for the human experience by innovating how data is stored, shared and used.

Seagate, Seagate Technology and the Seagate logo are trademarks or registered trademarks of Seagate Technology LLC in the United States and/or other countries.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes nor shall there be any sale of the Notes in any state in which such offer, solicitation or sale would be unlawful. The Notes to be offered have not been and will not be registered under the Securities Act, or applicable state securities laws, and may not be offered or sold in the United States absent registration or pursuant to an applicable exemption from the registration requirements of the Securities Act of 1933 and applicable state securities laws.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended, including, in particular, statements about the terms and conditions of, and completion of, the offering of the Notes described above. These statements identify prospective information and may include words such as “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “projects” and similar expressions. These forward-looking statements are based on information available to the Company as of the date of this press release and are based on management’s current views and assumptions. These forward-looking statements are conditioned upon and also involve a number of known and unknown risks, uncertainties, and other factors that could cause actual results, performance or events to differ materially from those anticipated by these forward-looking statements. These forward-looking statements should not be relied upon as representing the Company’s views as of any subsequent date and the Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made.

SOURCE: Seagate Technology plc

Seagate Technology plc
Clive Over, 408-658-1617

Copyright Business Wire 2015

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Cayman Islands drama society announce summer workshops

Screen Shot 2015-05-10 at 11.47.55 AMCayman Drama Society announcing


THE CAYMAN DRAMA SOCIETY is pleased to announce summer acting workshops for both teens and adults. Workshops are led by a professional television, film and theatre actor from London and designed to be fun and interesting introduction to character work.

Workshop Leader Bios:
Peter McNeil-O’Connor trained at East 15 Acting School and was the 2000 winner of the much coveted Laurence Olivier Bursary Award. He lives in London and works in film, television and stage. Peter coaches actors in improvisation techniques for film and television roles and to prepare for auditions. Peter has taught drama at summer acting schools as part of the Loughton College summer clubs. He attends the Actors centre in London to continue his studies in Meisner, Laban and Stanislavsky’s techniques. Peter has written and co-written performance and audition pieces as well as a site-specific play for local fund raising event.

Kirsty McNeil-O’Connor has a BA (Hons) in writing & publishing (Middlesex University) and an MA in scriptwriting (Glamorgan). Kirsty is a freelance journalist, copywriter and playwright who runs her own self-devised 10 week writing workshops in Essex and London. Co-founder of non-profit organisation, Happy Hour, running creative workshops for parents and their children in Waltham Forest libraries with Grow Your Own Theatre. Kirsty has written site-specific plays for community projects and has written and directed a short film, Buzzing which was shortlisted for the Walthamstow International Film Festival and shown at the BFI in London.

For more information for both the teen acting school and adult evening workshops contact the Cayman Drama Society at 938-1998; email:
or visit

Spaces are limited — act now!

Teen Summer Acting School
For ages 14 to 18 this two week intensive acting school will culminate in a final show on July 18th, 2015. July 7th, 8th, 9th 10th, 13th, 14th, 15th, 16th, 17th from 9:00am until 3:30PM Cost CI$300 per week, discount for families.
Download our enrolment form here:

Adult Acting Classes
Adult acting classes for beginners right through to experienced actors! Only 12 places where Stanislavsky, Meisner and Laban techniques will be introduced to inspire you to “become” the characters you play.
July 7th, 8th, 9th, 14th, 15th, 16th 7:00PM to 9:00PM with participation in performance on July 18th.
Space limited. CI$250 per person for course.
Download our enrolment form here:

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Cayman Islands announce fishing line recycling initiative

tangled_fishing_lineIn celebration of World Environment Day (5 June 2015), the Department of Environment (DoE) will be launching a fishing line recycling initiative. In conjunction with this, the DoE is holding a Poster Competition and is inviting students of 17 years and younger to design a poster to depict the dangers of fishing line entanglement for local marine life.

“In the Cayman Islands, entanglement in lost and discarded monofilament fishing line is one of the leading causes of severe injury and death for turtles. Entangled turtles die from injuries caused by loops of line tightening around their neck or flippers or drown when they cannot break lines to reach the surface” advised Dr. Janice Blumenthal who coordinates the DoE’s marine turtle research programme.

The DoE will be installing bins across the three islands to collect discarded fishing line, which will be shipped to the USA for recycling. The students with the winning poster designs will have their artwork turned into signage to accompany some of these recycling bins, with the competition winners being announced on World Environment Day. Other exciting prizes include participating in turtle hatchling releases and nest excavations, Atlantis Submarine passes, Cayman Kayak tours, t-shirts and gift bags.

Entries are invited from students in two age categories: 12 years and under, and 13-17 year olds. Posters must be received by 5PM on Friday 29 May 2015.

For more information on competition rules and to download a competition application form, please visit or email

For details of how you can get involved in organizing fishing line clean-ups or for more information on the dangers of discarded fishing line in the marine environment, please visit



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IMF announces photo contest for Latin American and Caribbean Youth

NEW050615A-AFrom IMF

May 6, 2015

Contest open to citizens of Latin American or Caribbean ages 18 to 30

Photos should capture the economic, social challenges and potential of region

6 finalists win trip to photograph the 2015 Annual Meetings in Lima, Peru

The International Monetary Fund has announced a photo contest to highlight the economic and social challenges, and the potential of Latin America and the Caribbean, as seen through the eyes of young people from the region.

Based on the success of last year’s student essay competition and the importance of continuing to engage with young people from Latin America and the Caribbean, the IMF will run a photo contest through the end of June. The contest provides an opportunity for youth to convey how they see the economic and social situation in their countries.

IMF Deputy Managing Director Carla Grasso launched the regional photo contest today entitled “Latin America and the Caribbean: Through the Eyes of its Youth” during a roundtable with university students in Lima, Peru. “I came today to learn more about the region through the fresh perspectives of its young people,” said Grasso. “Now is the IMF’s turn to showcase the region’s realities and opportunities through the eyes of its youth.”

The student roundtable and the photo contest are part of the Road to Lima activities in preparation for the 2015 IMF-World Bank Annual Meetings taking place this October in Lima.

“I want the Annual Meetings to be an eye opener for the youth of the region, for them to experience the world of economics and development in one week, and to see how countries in other continents find solutions to their challenges,” added Grasso.

Contest rules

The contest is open to citizens of a country in Latin America or the Caribbean between the ages of 18 and 30. Photos can be submitted starting May 6 to June 30, 2015. Full contest details can be found here.

All submitted photos must fit one of the contest themes—how young people see the economic and social realities of countries in Latin America and the Caribbean and their creative ideas for a better future.

Each photograph must include a short description—no more than 150 words—that explains how the image captures a contest theme in one of the three contest languages: Spanish, English, or Portuguese.

Online voting will run from July 1 to July 31 and a panel of judges will select the finalists. The top 6 finalists—3 from two categories (Snapshot Category and Photographer Category)—will be announced on September 17. In reviewing the photographs, the judges will take into account the contest requirements and themes, and also consider: originality; the country of origin of the photographer; gender; and cultural diversity.

The 6 finalists will be invited to participate as IMF Youth Photographers for the 2015 Annual Meetings in Lima, Peru, where 2 winners—one from each category—will be announced.

IMAGE: University students in Lima, Peru. IMF launches youth photo competition, six finalists win ticket to Lima to cover the IMF-World Bank Annual Meetings (photo: Dominic Chavez/World Bank)

For more on this story go to:


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