June 25, 2018

Archives for May 2, 2018

Statement by Cayman Islands Deputy Governor Hon. Franz Manderson regarding public concern regarding waste collection

The Cayman Islands Civil Service is committed to “Making the Lives of Those We Serve Better”.  While there are vivid examples of how the civil service routinely delivers against this commitment, I am sorry that our waste collection team has failed to reliably and effectively manage waste collection. As the Deputy Governor and Head of […]

Cayman and Bermuda haven’t a legal leg to stand on

By Richard Murphy From Tax Research UK This is interesting. The Guardian has reported that The Cayman Islands government said it was considering legal action in an attempt to stop the UK making the overseas territory open up its company ownership registers to public scrutiny, a day after MPs agreed they should do so by […]

Caribbean Utilities Company, Ltd Announces Unaudited First Quarter Results for the Period ended March 31 2018

PRESS RELEASE PR Newswire May. 1, 2018, 10:06 PM  Caribbean Utilities Company, Ltd. is listed for trading in United Statesdollars on the Toronto Stock Exchange GRAND CAYMAN, Cayman Islands, May 1, 2018 /CNW/ – Caribbean Utilities Company, Ltd. (TSX: CUP.U) (“CUC” or “the Company”) announced today its unaudited results for the First Quarter ended March […]

Cayman Finance responds to vote by U.K. House of Commons to disregard the Cayman Islands’ leadership on transparency and verified ownership standards

Jude Scott, CEO of Cayman Finance, issued the following statement about a vote by the U.K. House of Commons to amend the proposed Sanctions and Anti-Money Laundering Bill to require public ownership registers in the Cayman Islands and other British Overseas Territories by December 2020: “Cayman’s existing verified ownership regime remains in force – and […]

The real beginning of the end for tax havens has begun

By Richard Murphy From iNews The Essential Daily Briefing As the government agrees to calls for new measures aimed at increasing transparency in tax havens, tax justice campaigner Richard Murphy hails a momentous victory. Fifteen years ago John Christensen and I became the first full time anti-tax haven campaigners in the world. We had almost […]

The Editor Speaks: Did you forget St George’s Day?

Last Monday 23rd April was St. George’s Day. Did I mention it in an Editorial? No. Did I forget it? No. Did I celebrate it? No. However, I did visit a St George’s Day event held on that day. Where was it? At St George’s Anglican Church. From 6pm until 10pm. Was it good? I […]

Cayman Airways eyes western US flights in 2019

From ch – aviation Cayman Airways (KX, Grand Cayman Island) is planning to launch maiden flights to the western United States early in 2019, Cayman Islands Tourism Minister Moses Kirkconnell has said during a meeting with the business community, as reported by the Cayman Compass. While no destinations have been named just yet, Denver Int’l […]

Richard Coulson’s Business Bites: Blacklisting – Why not fight back?

By RICHARD COULSON From Tribune242 I have just read press reports that another bill has been tabled in the House to avoid blacklisting, by satisfying – better read “appeasing” – the European Union (EU) in its campaign to extract full compliance on tax matters. Our Government will now face the tedious task of collecting comprehensive […]

Cayman Islands: Maples Group Acts on Aircraft Securitisation for Sapphire Aviation Finance

Maples and Calder advised Sapphire Aviation Finance I Limited, as issuer, and Avolon Aerospace Leasing Limited, as seller, as to Cayman Islands and Irish law in connection with a US$768.4 million offering of aircraft asset backed fixed rate secured notes involving a portfolio of 41 aircraft on lease to 30 lessees located in 19 countries. […]

Property platform taps interest for digital payment

By Deepthi Nair From Khaleej Times Investors can use digital currency to buy a token and benefit from proceeds of a property portfolio  Imagine if you could buy and sell a real estate asset at the click of a button? This could soon be possible courtesy Evareium, an entity which is launching a $90 million […]