September 16, 2019

Allen Stanford victims sue Antigua Government for ‘participating’ in Ponzi scheme

Victims of Allen Stanford’s multi-billion dollar Ponzi scheme are suing the Government of Antigua and Barbuda for its alleged participation in the fraud. For more on this story go to: Earlier story in June 2011 from Caribarena Antigua Lawsuit Costing Government Big Bucks Antigua & Barbuda has spent more than a million dollars fighting […]

Cayman Islands: Beware Of Unwanted Side Effects From Side Letters

Article by Bryan Hunter and Tanya Kozak from Appleby, 18 February 2013 Side letters are additional agreements that set out terms that supplement or modify the terms of the offering memorandum, subscription agreement or constitutional documents of the fund. Such agreements generally provide preferential treatment with respect to matters such as redemption terms, fees, access […]

CITA looking for members for the CTO-TravelMole Sustainable Tourism Awards – Nominations needed

The Caribbean Tourism Organization’s 2013 edition of the CTO-TravelMole Sustainable Tourism Awards competition is now open to receiving nominations. Let’s get Cayman recognized!!! Information on the Award categories and the application process can be accessed via a link on the homepage. Completed nomination forms and any supporting photos are to be uploaded by March […]

Cayman Finance statement regarding U.S. Senate Finance Committee confirmation hearing of Mr. Jack Lew

15 February 2013 · At the recent United States (US) Senate Finance Committee confirmation hearing Mr Jack Lew, President Obama’s nominee for Treasury Secretary, was asked about his investment in a Cayman Islands (“Cayman”) investment fund domiciled in Ugland House. At this juncture, it is perhaps worth asking why people are still surprised that Americans […]

Company Registry servers not hacked

Servers holding information on companies registered in the Cayman Islands have not been hacked, Government officials confirmed today. Erroneous reports that the Registry of Companies servers had been compromised have prompted a number of queries to Government, said the Registry’s Senior Assistant Registrar Donnell Dixon. In addition to the servers not being hacked, he said […]

UCCI Kicks Off Voter Education

The University College of the Cayman Islands (UCCI) is kicking off the voter education and empowerment efforts by hosting the first of a two part series called “The People’s Forum- A Dialogue with Voters” on Wednesday, February 20th, 6:30pm at the Sir Vassel Johnson Hall.  Five contenders for the May 2013 election will be engaging […]

Errington A. Webster to run for Bodden Town

Let us Reach Out For Leaders With Honesty, Integrity, and Good Character Campaign Objectives As your representative for the electoral district of Bodden Town and a Leader in our Cayman Islands, I will strive to achieve the following: – Introduce a motion to promote greater emphasis for elementary and secondary school education. Keep in touch […]

G20 vows to combat corporate tax avoidance

G20 finance ministers meeting in Moscow have pledged to crack down on tax avoidance by multinational companies. The final communique said members were determined to develop measures to stop firms shifting profits from a home country to pay less tax elsewhere. The UK, France and Germany were the main movers behind the drive. The communique […]

Welch, Buffett: Economy Improving Only ‘Slowly’ as Obamacare, Dodd-Frank Threats Loom

By Dan Weil MoneyNews The economy is moving forward in fits and starts, says legendary investor Warren Buffett, CEO of Berkshire Hathaway. “It’s really been remarkably similar since late summer 2009,” he tells CNBC. “It’s just slowly been improving. Sometimes the sentiment gets stronger, and sometimes the sentiment gets weaker.” Gross domestic product (GDP) shrank […]

WSJ: Bernanke abdicates world leadership role on currencies

By Dan Weil MoneyNews Central banks around the world are meddling with their currencies through massive easing, none more so than Federal Reserve Chairman Ben Bernanke, according to a Wall Street Journal editorial. “The Fed is supposed to be the steward of the dollar, which is still the world’s reserve currency,” Journal editors write. “But […]