Tethys Petroleum Limited: New US$6 Million Loan Financing
GRAND CAYMAN, CAYMAN ISLANDS, Jan 16, 2015 (Marketwired via COMTEX) — Tethys Petroleum Limited (“Tethys” or the “Company”) (TPL)(TPL) is pleased to announce that it has signed an agreement for a US$6 million loan facility. Key terms – Financing: Unsecured…
Private equity funds in the Cayman Islands
Introduction This briefing explains the attractions for international managers, sponsors and investors of the Cayman Islands as the jurisdiction in which to domicile a private equity fund. The term “private equity fund” commonly denotes a non-retail fund investing in illiquid…
Cayman SPCs can now form Portfolio Insurance Companies
Introduction On 16 January 2015 the Cayman Islands Government brought into force certain sections of Part 4A of the Insurance Law, 2010 and passed the Insurance (Portfolio Insurance Companies) Regulations, 2015, thereby allowing insurers formed as segregated portfolio companies (“SPCs”)…
Cayman Drama Society Box office for THE WOMAN IN BLACK now open
ABOUT… The stage production of The Woman in Black was adapted by Stephen Mallarat from the novel by Susan Hill. Structured as a play-within-a-play, the cast consists of two men – a young actor/teacher and an older gentleman, Kipps, who…
iNews Briefs
Kids giving back to Kids- Charity event. Montessori By The Sea Parent Guild is a fundraising and awareness body for the school, based in Prospect area. This year MBTS decided to gift wrap outside a local toy store and with…
The Editor Speaks: I’m b-a-a-c-k!
It is good to be back at the helm of iNews Cayman. Many thanks to my colleague, Colleen, for keeping us up on line. And as for thanks, I must publicly thank the doctors, nurses and ancillary staff at the…
[Cayman Islands] Local investors find great hope in personalized cancer treatment
By Gene Zaleski From The Times and Democrat Orangeburg businessman Jim Roquemore has been involved in a number of ventures including banking, agribusiness and the Boy Scouts. The chief executive officer and chairman of Patten Seed Company, the parent company…
Electoral Boundaries Commission Named
Her Excellency the Governor, Helen Kilpatrick, has announced the appointment of the Electoral Boundaries Commission 2015. The commission will make recommendations for the division of the Cayman Islands into single member electoral districts. Its members include: Chairman Lisa R. Handley,…
DAP challenges 1MDB CEO to testify before PAC
From Astro Awani Kuala Lumpur: Newly minted 1Malaysia Development Berhad chief Arul Kanda Kandasamy has been challenged to explain the state investment fund’s financial controversies to the Public Accounts Committee. DAP national publicity secretary Tony Pua said, the move was…
