November 14, 2019

Archives for July 30, 2019

Cayman: Cruise Port Ref. Updated figures & summary submissions

As the verification process on the cruise port referendum petition signatures moves forward, the Elections Office would like to inform the public on its current progress. As of 9 a.m. today (Tuesday, 30 July 2019), the Elections Office reports a total of 3,705 petition signatures have been confirmed, out of a total submission of 5,637 petition signatures to […]

Cayman: Ministerial statement on completion of NiCE Summer Project

GRAND CAYMAN (GIS) – The Minister for Commerce, Planning and Infrastructure, Hon. Joey Hew informed the Legislative Assembly that a team of National Community Enhancement (NiCE) Project workers will be employed shortly for a further stint of sargassum clearing. His (Thursday, 25 July) statement updated members following the completion of this month’s initiative (8-19 July), advising […]

Hedge fund fights over stem-cell company’s value in Cayman Court

By Bei Hu From Bloomberg Jayhawk wants court-assessed value for Global Cord Blood stake  Suit claims Global Cord directors not independent, impartial A case brought by a U.S. hedge fund against China’s Global Cord Blood Corp. may set a precedent in the Cayman Islands for other minority shareholders who feel shortchanged by all-share mergers. Jayhawk Capital Management […]

Privy Council backs Cayman pari passu clawbacks in Weavering liquidation

By Dominic Lawson From Global Restructuring Review The UK Privy Council has upheld recovery payments secured by liquidators of a Cayman Islands vehicle under the pari passu principle, marking the first successful clawback of shareholder redemption payments in the jurisdiction on the basis of preference. For more go to: https://globalrestructuringreview.com/article/1195669/privy-council-backs-cayman-pari-passu-clawbacks-in-weavering-liquidation Related story: The Cayman Islands […]

The Editor speaks: Good announcement marred by name calling

When will politicians learn that by slamming the press by name gives them more readership? McKeeva Bush took a long time to learn that lesson when he ranted and raged on Cayman News Service when they weren’t the voice they are today. They loved it. Now our premier, Alden McLaughlin, has not learnt from that. […]

Cayman: Ogier back for a third year as title sponsor of Cayman Stroke and Stride

The Cayman Islands “Stroke and Stride” series supporting young triathletes and the Special Needs Foundation is back with a bang this August. The event is spread over three races on the first three Wednesdays in August, each including a swim and a two-mile run – the swimming distance increasing each week from 400m to 600m […]

Cayman: Infographics – Zero customs duties for electric vehicles

Electric vehicles: Bikes:

Amazon to replace workers?

Amazon tweets article warning robots will replace workers if John Oliver isn’t nicer By Jack Morse From Mashable Can’t John Oliver pick on a corporate behemoth his own size? If a late Wednesday afternoon tweet from Amazon is any indication, the HBO comedian’s recent segment on the international juggernaut’s warehouse conditions has hurt CEO Jeff Bezos’ feelings. And, as […]

Cayman: Zero customs duties for electric vehicles

Importing certain electric vehicles now attract zero customs duties Hybrid vehicles and bicycles will have their associated import tariffs reduced Grand Cayman (GIS) – The Ministry of Commerce, Planning and Infrastructure has announced incentives to encourage more environmentally friendly vehicle ownership across the Cayman Islands. Customs duties applied to electric and hybrid vehicles are to […]

Gadget of the week

The best eco-friendly air conditioners, according to online reviews By Dylan Haas From Mashable BEST OVERALL LG Art Cool Mirror Packed with plenty of high-end features and energy-savings functions, it’s a hard one to beat. BEST WINDOW UNIT LG LW1817IVSM This is one of the best window units you can get — although it’s pricey, […]