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Day: July 25, 2016

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Algosaibi Groups signs Settlement Agreement

Algosaibi Groups signs Settlement Agreement with Claimant Steering Committee – largest trial in history of the Cayman Islands begins in AHAB case against Al Sanea Liquidators AL KHOBAR, Saudi Arabia, July 24, 2016 /PRNewswire/ — Coinciding events in the last…

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Leave for Cayman derivative actions – international or domestic only?

From APPLEBY Overview The rules of court in the Cayman Islands control shareholders’ entitlement to issue proceedings in the name of their company. A recent decision of the Appellate Division of the New York Supreme Court has confirmed that any…

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Cayman Islands Premier announced as the Best Prime Minister

From Onetainment Premier of Cayman Islands Alden McLaughlin has been announced as the best Premier in the world by the United Nations Economic & Social Council during their annual review which was published on July 22, 2016. A Technical Committee…

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Farmers ready to join Caricom, Brexit

By Norman Grant From Jamaica Observer On Wednesday July 13, 2016, hundreds of the nation’s farmers met at the Denbigh showground in May Pen, Clarendon, as the Jamaica Agricultural Society (JAS) held its 121st annual general meeting (AGM) of the…

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9% increase in new HIV infections in the Caribbean

By CMC From WiredJa DURBAN, South Africa, Jul 23, CMC – The 21st International AIDS Conference has ended here with the Caribbean reporting a nione per cent increase in new HIV infections. The United Nations Secretary General Special Envoy for HIV in…

The View From Europe: The Caribbean needs a full response to BREXIT

By: David Jessop From The Barbados Advocate Earlier this month, CARICOM heads of government met in Georgetown. Among the many issues they considered was Britain’s decision to leave the European Union. Their focus was on a secretariat paper largely intended…

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Mosquito control officials: Even Zika suspicions are costly

By AP From Boston Herald MIAMI — Florida mosquito control officials worry they won’t be able to keep up their efforts to contain the bugs that carry Zika without federal funding, even as concern mounts that the first infection from…

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Commonwealth’s new boss is spending appalling amounts of public money

By Guy Adams For Daily Mail UK Fit for public office? Dubbed Baroness Shameless for cosy links with evil tyrannies, the Commonwealth’s new boss is spending appalling amounts of public money self-promoting herself and chums Baroness Scotland of Asthal is…

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Depo-lites could need to evolve to survive

By Charles Guber From Global Custodian The Alternative Investment Fund Managers Directive (AIFMD) forced fund managers including hedge funds and private equity firms to appoint either a depositary institution or depositary-lite (depo-lite) to provide independent oversight of asset safekeeping, cash-flow…

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Manatees head to Caribbean in first ever repopulation scheme

By Afp From Daily Mail UK Singapore’s zoo said Monday it will send two manatees to Guadeloupe as part of the world’s first repopulation programme for the animal, which became extinct on the French Caribbean island in the early 20th…