December 14, 2017

Archives for March 2014

The Editor Speaks: More secrecy, more theories

Keep quiet and it will go away. Oh, and here is a nice tidy sum to make sure it does disappear. I am talking about the iNews Cayman story today filed under iNews Briefs “Ex Cayman police commissioner settles suit for undisclosed sum”. It is not surprising a settlement was reached between ex Cayman police […]

UK on-shore shale gas and land rights: Can a so called “legal block” stop the UK shale play in its tracks?

From Eversheds 2013 was a year in which the UK environmental lobby began to mobilise against the UK unconventional gas industry. The autumn saw the establishment of a protest camp at Barton Moss in Greater Manchester in response to exploratory drilling for coal bed methane by Igas Energy and the camp continues. Some people in […]

Record participation in Caribbean tsunami warning exercise

REPORT from UN Educational, Scientific and Cultural Organization The level of participation in the tsunami warning exercise that took place on 26 March in the Caribbean was unprecedented, compared with similar exercises in 2011 and 2013. Organized under the auspices of UNESCO’s Intergovernmental Oceanographic Commission (IOC), it reflects the commitment of the countries concerned and […]

iNews Briefs

Ex Cayman police commissioner settles suit for undisclosed sum Joint statement issued by the Campbells law firm representing Mr. Stuart Kernohan and Attorney General Samuel Bulgin’s office, represented in the matter by the HSM Chambers law firm: “The Cayman Islands government and the ex-commissioner of police, Mr. Stuart Kernohan, have agreed to settle their involvement […]

Islamic Finance: From the Cayman Islands to the Middle East and beyond

By Louise Groom and Joanna Hossack From Harneys The use of off shore companies in Islamic finance is driven by many of the same factors as in conventional banking, as tax efficiency, bankruptcy-remoteness and privacy are considerations common to most cross-border transactions. LOUISE GROOM and JOANNA HOSSACK write on how the Cayman Islands are in […]

World Autism Awareness Day is Wednesday, April 2nd

Join the Special Needs Foundation of Cayman in celebrating World Autism Awareness Day at Camana Bay Wednesday, April 2nd Come see Camana Bay’s Town Centre  lit up blue from Monday March 31st – Sunday April 6th in honour of Autism Awareness. Visit the SNFC booth on Wednesday April 2nd from 11am – 2pm at the […]

Why Russia won’t tank the U.S. Treasury Market

By Catherine L. Mann from Bloomberg The standoff between the U.S. and Russia over Ukraine has sparked renewed interest in a troubling question: Do the U.S. government’s vast debts to foreign nations present a threat to its national security? The fear is that China, Russia or some other major holder of U.S. Treasuries could suddenly […]

UK Enters into tax agreements with the Cayman Islands and other offshore jurisdictions

From JDSupra The UK and the Cayman Islands recently entered into an agreement to improve international tax compliance (ITC). Similar to the US Foreign Account Tax Compliance Act (FATCA), the ITC imposes wide-ranging UK financial reporting obligations on financial institutions in the Cayman Islands, and may subject non-compliant financial institutions to legal sanctions. The UK […]

Cartoon of the Day

By Tony Zuvela, Cartoonist “It’s my own little World which I can escape to everyday and create a fun, weird, berserk Cartoon to whatever subject I like. I enjoy doing all the work myself, and all the aspects of Cartooning, and seeing my work out there and the reactions it gets.” Shop: www.cafepress.com./berserkalertcartoons Buy this […]

Cayman still reigns supreme

By Charles Gubert From CooConnect Among the many findings in the UK Financial Conduct Authority’s (FCA) just published Hedge Fund Survey is the “revelation” that the EU’s Alternative Investment Fund Managers Directive (AIFMD) has not facilitated an exodus of managers moving onshore. The survey of 49 firms running $345 billion in Assets under Management (AuM) […]