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Day: May 15, 2017

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Butterfield may relocate jobs to Halifax

By Scott Neil From The Royal Gazette Butterfield Bank is aiming to cut operating costs as it moves some middle-office functions and back-office departments to its service centre in Canada. It is expected that this will allow the bank to…

New Gymnasium for JG School

New Cayman Islands John Gray High School Gymnasium handed over to the school in time for exams The Ministry of Education is pleased to announce that the new John Gray High School (JGHS) Gymnasium was handed over to the school…

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From The Progressives 2017 Manifesto for the Cayman Islands #1

A Message from the Political Leader HON. ALDEN MCLAUGHIN, MBE, JP LEADERSHIP MATTERS Four years ago, our country was in a mess. The economy was stagnant and Caymanian unemployment stood at a high 10.5 %. At a time when Cayman…

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Andina Acquisition Corp. II obtains extension to complete Business Combination

NEW YORK–(BUSINESS WIRE)–Andina Acquisition Corp. II (Nasdaq: ANDAU, ANDA, ANDAR, ANDAW) (“Andina” or the “Company”), a Cayman Islands exempted company, announced today that it has executed several letters of intent for a potential business combination. As a result, Andina now has until…

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Rs 2,650 crore money laundering case: ED to seek Letters Rogatory for 3 countries

From Times of India INDORE: Enforcement Directorate officials in Indore will approach a special local court to seek Letters Rogatory or letter of request (LR) for UAE, Singapore and the USA to get assistance from these countries in the on-going…

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Fruits of warrantless surveillance in the Cayman Islands now admissible in court

By Kenneth Rijock From Kenneth Rikock’s Financial Crime Blog A word to the wise; there is no longer any true electronic communications privacy in the Cayman Islands. A local media quest, to obtain information about the now-admissible warrantless electronic searches,…

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Drop In Offshore Company Insolvency Filings

From Bernews The total number of petition filings across offshore jurisdictions fell 10% in 2016 when compared to the previous year, reflecting a continued levelling off since the high-point of 2013, according to a report released by law firm Appleby….

Caribbean Utilities Company, Ltd announce voting results for the election of directors

CARIBBEAN UTILITIES COMPANY, LTD. CLASS A ORDINARY SHARES ARE LISTED FOR TRADING IN UNITED STATES FUNDS ON THE TORONTO STOCK EXCHANGE. GRAND CAYMAN, Cayman Islands, May 11, 2017 /CNW/ – Caribbean Utilities Company, Ltd. (TSX:CUP.U) (“CUC” or “the Company”) announced…

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Sir Ronald Sanders: Inglorious Empire – Parallels of Indian and West Indian exploitation

By Sir Ronald Sanders From Caribbean360 BRIDGETOWN, Barbados, Friday May 12, 2017 – The yearnings for power and wealth of the stone-cold dead British Empire echoed amongst the older generation throughout the shires of Britain during the BREXIT campaign.  Those…

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North Korea missile test ‘due to Kim Jong-un paranoia’

From BBC The US ambassador to the United Nations, Nikki Haley, has accused North Korean leader Kim Jong-un of being in a “state of paranoia”, following another ballistic missile test. The test was a message to the South days after…