Ogier cross-jurisdictional teams advise on fruit giant takeover bid
Ogier has advised Sumitomo Corp on the BVI and Cayman law aspects of its recommended offer for Fyffes. The offer values Fyffes at €751m. The takeover offer is still subject to approval by Fyffes shareholders. However, Sumitomo Corp has received…
Hope – A key message at Cayman Captive Forum
GEORGE TOWN, Grand Cayman–(BUSINESS WIRE)–“Don’t give up hope” was the message by keynote speaker ultra-distance swimmer Diana Nyad that reverberated the halls of the Ritz-Carlton, Grand Cayman at the 24th annual Cayman Captive Forum. Speaking to a packed room who…
Ronco continues support of Cayman Islands Christmas Toy Drive 2016
Local IT provider, Ronco, has announced their continued support, through their Hand Up initiative, of the 25 Days of Christmas Toy Drive, as it enters its ninth year consecutive year. The Toy Drive was established by the daughter of Ronco’s…
Cayman Islands Immigration Department donates computers and cell phones to school
The IT Department of Cayman Academy has been boosted by 15 computers and five cellular phones donated by the Cayman Islands Government Immigration. Presenting the gift on Thursday (8 December), Deputy Chief Immigration Officer Gary Wong said that the Immigration…
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Former JetBlue flight attendant to plead guilty to smuggling cocaine at LAX
From Caribbean News Service NEW YORK, Dec 12 2016 – A former JetBlue Airways flight attendant who is accused of smuggling nearly 60 pounds of cocaine into the Los Angeles International Airport is expected to plead guilty Monday afternoon in federal court…
EU to boost Caribbean Competitiveness by strengthening regional partnerships
From Curacao Chronicle European CommissionBASSE-TERRE – The INTERREG V Caribbean, a multimillion dollar EU-funded program to strengthen regional partnerships, will be officially launched in St. Lucia on Wednesday, December 14, 2016. In addition to boosting the economic competitiveness of the…
Iran to work on nuclear-powered marine vessels after U.S. “violation” of nuke deal
By Bozorgmehr Sharafedin and Shadia Nasralla From gCaptain BEIRUT/VIENNA, Dec 13 (Reuters) – Iran ordered its scientists on Tuesday to start developing systems for nuclear-powered marine vessels in response to what it calls a U.S. violation of its landmark 2015…
CCRIF pays Nicaragua US$1.1 million after Hurricane Otto
Grand Cayman, Cayman Islands, December 12, 2016 – CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) made a payout of US$1,110,193 to the Government of Nicaragua as a result of the passage of Hurricane Otto which triggered a payment…
Caribbean luxury real estate market sees hopeful signs
BY FANG BLOCK From MANSION GLOBAL Booming tourism, price stabilization foretell an investment opportunity Major markets in the Caribbean are looking attractive again for investors, as thriving tourism boosted consumer confidence in the region and average resale price of luxury…
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New ‘safe seafood’ laws, export rules being readied
BRIDGETOWN, Barbados, 13 December 2016 (CRFM)—The fisheries industry on Wednesday moves one step closer to making the Caribbean fish and seafood trade safer and more profitable when experts meet in Barbados to finalise a raft of model regional laws, policies…
