March 27, 2017

Archives for February 6, 2017

Cayman Islands ministry starts project to update social assistance Programmes

Minister for Community Affairs, Youth and Sports, the Hon. Osbourne Bodden and senior members of his Ministry met with KPMG officials on Wednesday, 1 February 2017. The Minister discussed the Government’s vision and guiding principles for developing an Outline Business Case to ensure that social assistance programmes are strategically managed in order to improve efficiency, […]

Dive tourism pioneers honored by Cayman Islands Government at Heroes Ceremony

Other dive industry professionals recognized for long service to the Cayman Islands tourism product George Town, Grand Cayman (Feb 2, 2017) – Dive and hospitality pioneers Bob Soto and Ms. Hebe Connors (Briggs) were honored by the Cayman Islands government as early tourism heroes in a January celebration in George Town’s Heroes Square. Several hundred […]

Restoration of the ‘Redemption Creditor’ in the Cayman Islands

By Matthew Goucke and Chris Keefe From Walkers A recent judgment of the Cayman Islands Court of Appeal (‘CICA’) has provided a welcome degree of certainty for investors and insolvency practitioners alike with respect to the priority to be afforded to investors’ claims for unpaid redemption proceeds in the winding up of Cayman Islands investment […]

Art Psychotherapy now available in the Cayman Islands

The Wellness Centre is pleased to announce the addition of Art Psychotherapy as a new clinical service. Art Psychotherapy is an evidenced based mental health profession, which facilitates creativity as an additional or substitute method of communication and expression. “Anyone, who finds it difficult to express feelings or thoughts with only their words, is an […]

The Editor Speaks: Super Bowl – never give up

Even if you are not a sports fan re NFL – and you don’t support the two teams, New England Patriots and Atlanta Falcons, when it comes to Super Bowl the majority of us will watch it. Since arriving here in the Cayman Islands 35 years ago I don’t believe I have missed a Super […]

David Jessop: Time To Improve Caricom-Dom Rep Relationship

By David Jessop From Jamaica Gleaner In a few days’ time, Jovenel Moise will become Haiti’s 42nd president. His swearing in follows his first-round victory in the country’s November 20 election. A businessman from northern Haiti who has never held political office, Haiti’s president-elect has said that among his first priorities will be the modernisation […]

Cayman Islands and China meet in London

GRAND CAYMAN, Cayman Islands – Cayman Islands Premier Hon. Alden McLaughlin met with Chinese Ambassador to the United Kingdom Liu Xiaoming Monday morning at the Chinese Embassy in London. Also attending the meeting were Cayman Islands Financial Services, Commerce and Environment Minister Hon. Wayne Panton as well as Bermuda Premier Hon. Michael Dunkley and British Virgin Islands […]

BEHIND THE HEADLINES: Why offshore financial services declined

By Tony Best From Barbados Nation News Barbados’ offshore financial services jurisdiction is suffering from the impact of a triple whammy of body blows, with more pain to be felt soon. The cumulative damage was summed up in the recent Central Bank economic report for 2016, which showed a nine per cent decline in assets […]

Young Caymanians learn sea skills at CCMI

Caymanians have always depended on the sea. The Central Caribbean Marine Institute (CCMI) in Little Cayman is working to ensure that young Caymanians continue to appreciate and can earn a living through better understanding Cayman’s marine environment and how it is so connected to life here. In 2012, CCMI launched the Young Environmental Leadership Course […]

The precarious nature of trust assets at home and abroad

By Latham & Watkins LLP United Kingdom February 3 2017 In Akers (and others) v. Samba Financial Group [2017] UKSC 6, the UK Supreme Court has confirmed the limited nature of British insolvency officer-holders’ ability to void dispositions of a company’s assets held on trust. The Supreme Court also highlighted the potential dangers inherent in […]