March 21, 2018

Archives for July 26, 2017

Cayman Islands seizes marijuana leaf apparel

From Weed News By Keith Mansur While The Bahamas continues to be stubborn on marijuana decriminalization or the acceptance of medical marijuana, the Cayman Islands has gone so far as to seize ganja related apparel, including items that have a simple cannabis leaf. Its a crazy idea which makes little sense because wearing a ganja […]

Cayman Islands: Harneys donates to Bodden Town Primary School

“Revitalising Our Future” project. The project, an initiative being led by the school’s Parent Teacher Association, will benefit approximately 300 students with needed playground equipment and will allow for designated areas for recreational activities. Parent Representative Mirta Dilbert said “We are very grateful to Harneys for helping us launch this initiative. Currently there is no […]

Southwest is having a flash sale with flights starting at $49 [to Cayman Islands]

By Talia Avakian From Travel Leisure Turks and Caicos, anyone? Southwest Airlines is having another flash sale with cheap domestic and international flights (including to tropical destinations like the Bahamas and Turks and Caicos). The sale — which ends at midnight on July 27 — has fares as low as $49 one-way, for travel between […]

The Editor Speaks: Are retailers here hurting because of Internet on line shopping?

I have asked this question to some of our retail shop owners here and most either won’t say ‘yes’ or ‘no’, are evasive or say a flat ‘no’. This is in stark contrast to what they say in the USA and the UK. Some of our well known UK retailers are gone like Woolworths and […]

Pearson v. Primeo Fund (Cayman Islands) [2017] UKPC 19

From Ashfords LLP Cayman Islands July 25 2017 The Privy Council sitting as the final court of appeal for the Cayman Islands recently considered a case concerning prioritisation in a Liquidation between feeder hedge funds where the investment medium was redeemable shares. Background The appellant in this case was the Liquidator of Herald Fund SPC […]

Shawn Kraft speaks at Cayman Captive Forum

From Leavitt Group Leavitt Great West Insurance Services is pleased to announce that its co-owner and vice president of captives, Shawn Kraft, has been selected to speak at the 25th annual Cayman Captive Forum to be held in the Cayman Islands this November. Captives are an alternative risk financing option for best-in-class businesses. A captive […]

Bombshell – 1MDB ‘units’ worthless by now? Is that why parliament banned question on how much Najib’s Cayman ‘units’ worth & which is the custodian bank?

From Malaysian Chronicle The rejection of questions related to 1MDB only raises doubt on the real value of the units parked under the custody of an international bank by the state investor’s subsidiary arm, Brazen Sky Limited, Petaling Jaya Utara MP Tony Pua (DAP) said. His five questions were among the 30 from the opposition […]

Caribbean baroness again attempts to suppress freedom of the press

From Caribbean News Now contributor LONDON, England — Last year, the Commonwealth secretary general, Dominica-born Baroness Patricia Scotland, filed a complaint over online coverage about her by London’s Mail on Sunday (MoS) with Britain’s Independent Press Standards Organisation (IPSO). The IPSO advised all parties to “preserve confidentiality” of the complaint with nothing more published or […]

Estera extends global reach into Luxembourg with acquisition of Headstart

Leading global fiduciary and administration services provider, Estera, has announced the acquisition of Headstart S.à.r.l, a specialist corporate and trust services business in Luxembourg. The transaction paves the way for Estera’s expansion into Luxembourg, one of world’s most important jurisdictions for funds and corporate services, whilst also broadening the company’s offering in corporate, fund and […]

Cayman Islands Chamber ‘Best in Show’ at ACCE Communications Excellence Awards

From Cayman Islands Chamber of Commerce The Cayman Islands Chamber of Commerce has been named one of three Communications Excellence Best in Show winners by the Association of Chamber of Commerce Executives (ACCE) at the organisation’s annual awards ceremony in Nashvillle, Tennessee last week. The ACCE represents more than 7,500 chamber of commerce professionals, and […]