Cayman Islands utility company reports fire at generating plant
From CUC Statement on Fire at Engine Room 5 Caribbean Utilities Company, Ltd (CUC) wishes to advise that there was a fire in Engine Room 5 at approximately 10:33 this morning. The fire was the result of a broken fuel…
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Broadway-themed cruise to sail in 2016 [calling in Cayman Islands]
By Rod Stafford Hagwood Broadway Theatre Cruises Broadway performers from shows such as “Wicked,” “Rent,” “Spider-Man: Turn Off the Dark,” “The Producers” and “42nd Street” will hit the high seas with Celebrity Cruises. The themed cruise, titled “Sailing With the…
Australian PM Abbott toppled by ex-minister Turnbull
From Yahoo Finance Sydney (Australia) (AFP) – Australian conservative Prime Minister Tony Abbott was dramatically ousted Monday in a snap party vote mounted by challenger Malcolm Turnbull, the country’s fourth leadership change for the nation in five years. After his…
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Amazon, UPenn contest liability for student suicide/Persad-Bissessar and Warner fall hard
Amazon, UPenn contest liability for student suicide By Max Mitchell, From The Legal Intelligencer Amazon and the University of Pennsylvania have argued in court papers that they cannot be held liable for a student’s death by suicide using chemicals she…
Cayman Islands Education Plan of Action 2015-2016
During the 2014-15 academic year, the Ministry of Education commissioned baseline school inspections of all government schools, in order to ascertain the state of affairs in our education system as it pertains to the quality of provision, teaching and learning,…
Liquidators to take possession of bankrupt Bahamas resort
By Geoffrey Brown Nassau Guardian Business Reporter From Caribbean News Now NASSAU, Bahamas — The joint provisional liquidators of the bankrupt Bahamas multibillion dollar megaresort Baha Mar on Thursday undertook to continue “working closely” with all appropriate stakeholders as they…
Barbados: Not international business as usual
By Rene Butcher From Barbados Nation News Barbados’ offshore financial services sector is again under threat. The Organisation for Economic Cooperation and Development (OECD), G20 and the European Union (EU) are acting in concert, armed with the Foreign Account Tax…
Boot camps to kickstart public-private partnerships in the Caribbean
By David Bloomgarden and Dennis Blumenfeld From FOMIN The concept of public-private partnerships is in vogue in the Caribbean. Some governments mistakenly believe that PPPs allow the private sector to build and maintain infrastructure like roads, and provide public services…
Walkers represents beneficial interest holders in successful petition for winding up in the Cayman Islands Court
By Fraser Hern, Joanne Collett, Barnaby Gowrie and Peter Kendall From Walkers Last Updated: 14 September 2015 The frustration of funds and investment houses, holding beneficial interests in notes issued by defaulting Asian corporates, in not being able to cause…
Fiduciary duties of a general partner of a Cayman exempted limited partnership
From Loeb Smith10 September 2015 The Cayman Islands (Cayman) continue to be the leading offshore jurisdiction for the establishment of hedge funds, private equity funds, and investment funds focused on other asset classes. A large number of Cayman funds are…
