November 18, 2019

Cayman Islands recall of Orajel Baby and Spam

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From Foster’s Food Fair Foster’s Food Fair-IGA would like to announce that Church and Dwight has issued a voluntary recall on Orajel baby teething products containing benzocaine due to serious safety concerns as recommended by the information from the Food and Drug Administration. Benzocaine is a white odorless, crystalline powder used as a local an […]

Cayman Islands: Foster’s IGA donate thousands of trash bags & gloves for the 2018 Earth Day Clean-up

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Foster’s IGA has generously donated thousands of trash bags and plastic gloves for the Chamber of Commerce’s 2018 Earth Day Clean-up. “We are incredibly grateful to Foster’s IGA for their donation of these items,” said Chamber CEO, Wil Pineau, CCE. “Their contribution supplements the donation made by the Department of Environmental Health who have donated […]

Reckless driving incident by Cayman Islands supermarket truck

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From Foster’s Food Fair Reckless Driving Incident – Thu 22 June 2017 On 22 June 2017, a video surfaced on Facebook showing a tractor trailer driving at high speeds around the Island Heritage Roundabout. Foster’s Food Fair – IGA is confirming that the truck in question belongs to us, and was being driven by one […]

Foster’s Food Fair Product Recall – Lantana Hummus

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From Foster’s Food Fair Foster’s Food Fair-IGA would like to announce that the House of Thaller, a Knoxville Tennessee company, is voluntarily recalling selected 10 ounce packages of Hummus with Pine Nut Topping, because an ingredient supplier noted that their ingredient has the potential to be contaminated with Listeria monocytogenes. Listeria monocytogenes is an organism […]

Cayman Islands: Product Recall – Nathan’s Beef Hot Dogs

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From Foster’s Food Fair Foster’s Food Fair-IGA would like to announce that the company that makes Nathan’s and Curtis hot dogs is recalling more than 200,000 pounds of product due to metal found in the packages. John Morrell and Co., of Cincinnati, Ohio, said it had gotten three complaints and notified the US federal government […]

BVI Government signs Model 1B IGA in relation to FATCA

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By Ross Munro From Harneys The BVI Government has signed a Model 1B (non-reciprocal) Intergovernmental Agreement (IGA) in relation to the US Foreign Account Tax Compliance Act (FATCA), it was announced on 30 June 2014. The IGA can be accessed here. As expected the final IGA is in substantially the same form as the model […]

Cayman issues FATCA guidance notes, awaits industry feedback

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By Avia Collinder, Business Reporter From Jamaica Gleaner Cayman Islands’ Ministry of Financial Services, Commerce and the Environment is now collecting industry feedback on guidance notes circulated to the financial sector regarding tax compliance under separate inter-governmental agreements, or IGAs, with the United States and the United Kingdom. The guidance notes are meant to assist […]

Cayman Islands – Draft FATCA guidance notes released for comments

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The Cayman Islands on 12 May 2014 released a first draft of FATCA guidance notes concerning the compliance requirements of the intergovernmental agreement (IGA) between the Cayman Islands and the United States and between the Cayman Islands and the United Kingdom. The 221-page draft guidance notes [PDF 2.24 MB] were released for industry comments and […]

Structured Finance – Why Cayman?

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Article by Alasdair Robertson and Nicola Bashforth From Maples and Calder Cayman SPVs The Cayman Islands is one of the leading jurisdictions in which to establish special purpose vehicles (SPVs) used for securitisation and other structured-finance transactions. A structured-finance transaction involves the transfer of underlying assets to the SPV. The SPV funds that acquisition by […]

7 Deadly myths of FATCA: Cayman Islands Investment Funds

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From DMS Offshore Investment Services Introduction It is quite a human trait to live in a state of suspended disbelief – when the news is just too bad to absorb, or when the consequences of an action are too much to contemplate. Response to the Foreign Account Tax Compliance Act (FATCA), it seems, is one […]