October 22, 2017

Harneys announces expansion of Investment Funds practice in Cayman Islands

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Harneys is pleased to announce Daniella Skotnicki will join its Cayman Islands funds practice as a senior associate effective 02 October 2017. Daniella is highly experienced in all aspects of closed-ended and open-ended fund formation, ongoing compliance, restructuring and termination. She has worked with top tier investment managers and fund service providers as well as […]

Court permits strategic transfer of Center of Main Interests (COMI) in Chapter 15 Case

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By Hogan Lovells From JD Supra The bankruptcy court in In re Ocean Rig UDW Inc., 17-10736 (Bankr. S.D.N.Y. Aug. 24, 2017) determined that a decision by an offshore drilling company from the Republic of the Marshall Islands (RMI) to shift its Center of Main Interest (COMI) to the Cayman Islands prior to defaulting on […]

Cayman Islands women’s prison launches new rehab course & receives updates

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Her Majesty’s Cayman Islands Prison Service (HMCIPS), in partnership with MAC Cosmetics, has recently launched a makeup training course at the Fairbanks salon. During the free 22-week course qualified MAC makeup artists will teach inmates the basic techniques and skills needed when professionally applying various cosmetic products. Prison Director Neil Lavis said the training course […]

The Editor Speaks: Senseless charge that will do much damage

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I had hoped and thought positively there would be no charges made against Cayman Brac artist Ronald “Foots” Kynes over the nude sculptures that were displayed on his property and visible to the general public. I was wrong. Common sense goes out of the window and Kynes has been charged with displaying an obscene object […]

Greenlight Capital Re Schedules Third Quarter 2017 Financial Results and Conference Call

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GRAND CAYMAN, Cayman Islands, Oct. 17, 2017 (GLOBE NEWSWIRE) — Greenlight Capital Re, Ltd. (NASDAQ:GLRE), a specialist property and casualty reinsurer based in the Cayman Islands and Ireland, today announced that it expects to release financial results for the third quarter ended September 30, 2017 after the market closes on Monday, October 30, 2017.  A live […]

Caymanian student learns about mosquitoes as Intern at MRCU

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Caymanian student Iain Robertson, who plans to pursue a career in the sciences, spent time recently as an intern at the Mosquito Research and Control Unit (MRCU). Iain (18), a former pupil of Cayman Prep & High School, shadowed research manager Fraser Allen and laboratory technician Zoila Ebanks. He was the first student to take […]

Latest Cayman Islands Police operations in Eastern Districts

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Police Operations in Eastern Districts This Past Weekend, 13-15 October, Yield Results From RCIPS Police Officers in the Eastern Districts carried out operations over this weekend, 13-15 October, resulting in several arrests being made and a number of tickets being issued. Many of the arrests made over the weekend were in relation to illegal gambling […]

Visa-free travel for Guyanese construction workers being examined for St. Marteen, other Irma hit islands

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BY: ANDREA FERNANDES From guyana Guadian Philipsburg; – With Islands such as Barbuda somewhat completely destroyed, and others such as St. Martin terribly ravaged, the governments of several of the affected territories are examining the possibility of relaxing their immigration requirements to allow Guyanese construction workers to come with their tools and remain on a […]

UK: Labour takes aim at tax havens as £13TRILLION of UK firms’ assets squirrelled away offshore

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By Nigel Nelson Shadow Chancellor John McDonnell says Labour would insist all firms operating in Britain with more than 250 staff must declare full worldwide assets, allowing them to be taxed on those assets A mind-boggling £13trillion of assets in major firms who do business in the UK are squirrelled away in tax havens abroad […]

The Editor Speaks: Is our Civil Service value for money?

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In the 12 month period between years 2012/2013 the total number of civil servants employed was 3,601. At the lowest end of the scale – under $30.000 nearly 850 persons were employed and at the highest $200,000 and above only 2 persons and 3 between $190,000 – $200,000. The largest section of just over 2,000 […]