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Day: July 27, 2016

iNews Briefs & Community Events

Update on Residential Garbage Collection Services in Cayman Islands The Department of Environmental Health (DEH) wishes to inform the public that the residential garbage collection service on Grand Cayman is once per week. In an effort to minimise waste, divert…

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Cayman Islands: The Insurance and Reinsurance Law Review

The Insurance and Reinsurance Law Review From Law Business Research Ltd (Editor Peter Rogan – Fourth Edition) CAYMAN ISLANDS ………………………….. Tim Frawley and John Dykstra From Maples & Calder   I            INTRODUCTION   The insurance market in the Cayman Islands…

Cayman Islands police engages security providers to strengthen public safety

RCIPS Engages Security Providers to Strengthen Public Safety Last Wednesday, 20 July, senior officers with the RCIPS met with representatives of private security firms in order to explore ways in which police could strengthen cooperation and mutually share information with…

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Litigation funders hit with sanctions in $180 million case v. Cigna

By Alison Frankel From Reuters (Reuters) – Litigation funding is an opaque industry. Sure, extremely large funds like Burford Capital, Bentham IMF and Gerchen Keller put out occasional press releases to announce new capital or quarterly results. Once in a…

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Cayman Islands enhances role as premier global financial hub with innovative new LLC law

Mr Jude Scott, CEO of Cayman Finance said the Cayman Islands financial services industry welcomed the Cayman Islands limited liability company (LLC) regime which became operational, following the 8 July publication of the Limited Liability Companies Law, 2016 (Commencement) Order…

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The Editor Speaks: The judge was fair now live with it!

Justice Ingrid Mangatal’s ruling the Department of Environment and the National Conservation Council had not acted unfairly or irrationally when they approved the licence application by the Mosquito Research and Control Unit (MRCU) or that insufficient public consultation had taken…

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Extreme hurricanes: a potential future catastrophe/Atlantic disturbance needs watching

Extreme ‘Grey Swan’ hurricanes in Tampa Bay: a potential future catastrophe By Jeff Masters From Weather Underground A “black swan” hurricane—a storm so extreme and wholly unprecedented that no one could have expected it—hit the Lesser Antilles Islands in October…

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Cayman Islands’ Passport2Success Graduates its 20th cohort

Grand Cayman, Cayman Islands – Seventeen young men and women celebrated their success in the Passport2Success programme at a graduation ceremony last week. The event was a culmination of 12 weeks of classes, internships, site visits, community service, guest speakers…

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Canadian banks ordered to disclose Cayman Islands dealings

By MARCO CHOWN OVED From The Star Canada The CRA suspects tax dodgers used RBC and Citibank to repatriate offshore assets held at Cayman National Bank. A Federal Court judge has ordered two Canadian banks to disclose their dealings with…

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UK: Group makes $1.3 Billion offer for Grosvenor House, Plaza Hotels

By Hui-Yong Yu From Bloomberg U.K. family office, Middle Eastern partners file with court New owners would upgrade London, NYC hotels if bid accepted A U.K. multifamily office and two Middle Eastern partners submitted a $1.3 billion bid for London’s…