Ministry of Finance and Economic Development opens a Public Consultation on the Amendments to the Statistics Law (2011 Revision)
In a consultation opening today [20 January 2015], the Ministry of Finance and Economic Development is proposing changes to the Statistics Law (2011 Revision) to further strengthen the effectiveness of the Economics & Statistics Office (ESO) in the collection of…
In this Facebook threats case, no wait for Supreme Court
By Tony Mauro, From The National Law Journal For the second time, a federal appeals court has decided not to wait for the U.S. Supreme Court to rule on whether the First Amendment invalidates a federal law that could make…
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”)…
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…
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…
Auditor General releases position paper on independence and public reporting
The Auditor General, Alastair Swarbrick, made public [16th January 2015] a position paper on independence and public reporting. The position paper describes international development and practices that, if adopted, ensure national audit offices have the independence they require to effectively…
Top investment opportunity for 2015 is Health City Cayman Islands
Investment Expert Lists Health City Cayman Islands Among Top Five Organizations to Follow GRAND CAYMAN, CAYMAN ISLANDS (January 15, 2015) – Global News Matters, which produces the fortnightly Market Dynamics Caribbean newsletter, has listed Health City Cayman Islands as one…
Harvard Law faulted for handling of assault complaints
By Karen Sloan, From The National Law Journal Harvard Law School has entered into an agreement with the U.S. Department of Education to update its sexual assault and harassment policies after a four-year investigation concluded its handling of student complaints…