December 14, 2017

Cayman Islands Proud of Them Awards Ceremony

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Bodden Town was amply represented with half of the 12 Proud of Them honourees hailing from that district at Wednesday’s (29 November 2017) awards ceremony. The evening’s recipients were Sarah Clair Jackson, 17, GT, – academics; Brianna Bodden,16, BT – Academics; Anja van Genderen, BT – academics; Kareem Foster, 17, BT, – Sports; Joshewa Frederick-Charlery, […]

Software Developer: Tax woe drove us to Cayman Islands

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By NEIL HARTNELL From Tribune242 A Bahamian software developer yesterday revealed he was forced to domicile in the Cayman Islands to prevent VAT and Business License fees “killing” his competitiveness. Bruce Raine, International Private Banking Systems (IPBS) principal, told Tribune Business that his company’s experience showed that the Government needed to enact multiple, far-reaching economic […]

Cayman Islands: Investment Funds Observations 2017 – Part One

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Article by Walkers From Mondaq After several years of lacklustre returns, nearly all strategies covered by Preqin have shown positive results in 20171, with event-driven and equity funds performing particularly well. According to Preqin’s survey of investment managers in June 2017, the leading drivers are largely political. Benign stock markets since late 2016 (the so-called […]

Greenlight Capital Re posts 3Q profit

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AP From Yahoo News GRAND CAYMAN, Cayman Islands (AP) _ Greenlight Capital Re Ltd. (GLRE) on Monday reported third-quarter earnings of $19.9 million. The Grand Cayman, Cayman Islands-based company said it had net income of 53 cents per share. The property and casualty reinsurance service provider posted revenue of $236.1 million in the period. Greenlight […]

Cayman Islands Tests U.S. Meal-Kit Service to boost its food tourism marketing

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By Dan Peltier, From Skift When many U.S. travelers think of the Cayman Islands, they likely think of wealthy offshore bank accounts, beaches, and luxurious resorts. But the Cayman Islands Department of Tourism says the destination also has some of the Caribbean’s best restaurants and most delicious recipes — something it’s capitalizing on in a […]

United States: Chapter 15 Inapplicable Unless “Foreign Representative” Seeks Enforcement Of Foreign Insolvency Court’s Order

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Article by Timothy Hoffmann and Mark G. Douglas From Jones & Day Chapter 15 of the Bankruptcy Code offers an effective mechanism for U.S. courts to provide assistance to non-U.S. courts presiding over the insolvency proceedings of foreign debtors with assets located in the U.S. An important feature of chapter 15 is “comity,” the deference […]

Reservations now open at Margaritaville Beach Resort Grand Cayman

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Anticipated New 285-Room Destination Resort Accepting Reservations for Stays BeginningFebruary 4, 2017; Resort Team Announces Soft Opening Details Grand Cayman, CYM – January 17, 2017 – Margaritaville Beach Resort Grand Cayman, the anticipated multi-million-dollar renovation project situated in the heart of Grand Cayman on Seven Mile Beach, today announced that reservations are officially open. Travelers […]

Margaritaville Beach Resort Grand Cayman draws more than 200 people for local career fair on Saturday, October 1

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Locals gather to join the full-service resort, scheduled to open in early 2017 Grand Cayman, CYM – October 5, 2016 – The highly anticipated Margaritaville Beach Resort Grand Cayman, located in the heart of Grand Cayman on Seven Mile Beach, held a local hiring event on Saturday, October 1, for more than 75 open positions. […]

Police to trace investment fraud evidence in Hong Kong, Switzerland

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By Anton Hermansyah From The Jakarta Post The National Police’s Criminal Investigation Department (Bareskrim) is set to trace evidence in Hong Kong and Switzerland in an investigation into alleged investment fraud involving Indonesian businessman Harun Abidin and investment company Cedrus Investment Ltd . The investigation was prompted by Harun’s recent report against Hong Kong-based Cedrus Investment […]

Jiangxi Copper targets investors with $300 mln global mining fund [in Cayman Islands]: Reuters

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By Reuters From PE HUB Network Jiangxi Copper Co Ltd said on Wednesday it has set up a Cayman Islands-based fund that will buy mining projects as the Chinese state-owned copper producer sets its eyes on potential bargains as the commodities cycle bottoms. As China’s largest copper producer reported a 37.9 percent drop in profits due […]