December 12, 2018

Archives for June 3, 2015

Cayman Islands Premier’s statement relating to FIFA arrests, developments

GRAND CAYMAN, Cayman Islands – Following the news from Zurich last Wednesday, the 27th of May, 2015, of the arrest of a number of FIFA officials, including Caymanian Jeffrey Webb, the Government has been carefully monitoring developments. This was sad news for the sport of football, Mr. Webb’s family and the Cayman Islands. There is […]

Cayman Islands Fidelity Bank statement on transactions involving Jeffery Webb

Fidelity Committed to Process Following the recent news reports surrounding the indictment of Jeffrey Webb and others from FIFA, Fidelity Bank (Cayman) Limited (Fidelity), a subsidiary of Fidelity Bank & Trust International Limited, wishes to inform the public that with assistance from external experts, they are conducting an internal review in relation to the transactions […]

iNews Briefs, More & Community Events

Cayman Islands Community Events THU JUNE 4 Dart Realty Presentation The Chief Operating Officer of Dart Realty will be hosting a public presentation on the Dart group of companies’ upcoming real estate development plans on Thursday (4 Jun) at 5:30 pm in Regal Cinemas at Camana Bay. ICCI Reps In Local Libraries Representatives from the […]

The Editor Speaks: Cayman Islands health coverage inadequate

North Side MLA, Ezzard Miller, is absolutely correct. The basic cover the insurance companies provide is totally inadequate and the “cherry pick” of customers they will insure should not be allowed. Even the government’s own CINICO does not provide adequate cover. Not only do we have to pay the bill for these inadequacies, the Cayman […]

Cayman Islands: Weavering Litigation – Cayman Hedge Fund Directors’ Duties and Indemnity/Exculpation Clauses back in the spotlight

Article by Oliver Payne From Ogier On 12 February 2015, the Cayman Islands Court of Appeal issued its much anticipated decision in Weavering Macro Fixed Income Fund Limited (In liquidation) (the “Fund”) vs Stefan Peterson and Hans Ekstrom (the “Directors”). The appellate Court’s decision – which held that the Directors had not acted with wilful […]

Jeff Webb removed from Cayman Islands football

CIFA Press Release 2 June 2015 The Cayman Islands Football Association (CIFA) is both concerned and disappointed to learn of the recent arrest of Jeffrey Webb. As this is an on-going investigation, it would be inappropriate for CIFA to comment further, as the presumption of innocence until proven guilty must prevail. Our thoughts and prayers […]

Elizabeth Warren calls SEC leadership ‘Extremely disappointing’

By Jenna Greene, From The National Law Journal Mary Jo White responds: ‘Mischaracterization of my statements and the agency’s accomplishments is unfortunate.’ In a harshly worded 13-page letter, Sen. Elizabeth Warren on Tuesday told U.S. Securities and Exchange Commission Chairwoman Mary Jo White that she found her leadership “extremely disappointing.” Warren, a Democrat from Massachusetts […]

Cayman Islands Court of Appeal rules on rights of non-registered investors to enforce shareholder rights

Last Updated: 3 June 2015 Article by Rachael Reynolds From Ogier In the Matter of Lancelot Investors Fund, Ltd (in Official Liquidation) (unreported 27 April 2015), the Cayman Islands Court of Appeal (CA) considered whether a beneficial owner of shares in a fund could seek to prove in the liquidation of that fund in respect […]

Starfish Village Children’s Center at Camana Bay on Grand Cayman, Cayman Islands

By Oliver From Destination Magazines At Camana Bay on Grand Cayman, Starfish Village makes family vacations a breeze. The unique children’s center offers programs for kids up to age 12 lasting anywhere from an hour to all day, allowing parents to enjoy a romantic lunch or explore the island while their children play, craft, and […]

Jack Warner on Interpol’s most wanted list

By Simon Tomlinson and Jennifer Newton for MailOnline Interpol places two former FIFA officials including Jack Warner on its most wanted list… but it’s business as usual in Zurich where Sepp Blatter gets a ten-minute standing ovation by 400 cronies International alerts issued by Interpol for Jack Warner and Nicolas Leoz They and four other […]