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Cayman Islands liquidation firm appointed in alleged hedge fund fraud

By Georgina Wilcox Due to a lack of insolvency expertise in Anguilla the Cayman Islands firm of Chris Johnson Associates Ltd were asked to accept the position as court appointed liquidators of Maven Assurance Ltd that had over $80m sent…

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New Director appointed to the Board of the Cayman Islands Monetary Authority

From CIMA GRAND CAYMAN (Wednesday, 6 August 2014) Ms. Judith Watler attended her first meeting of the Board of Directors of the Cayman Islands Monetary Authority (CIMA) today, 6 August 2014. Ms. Watler’s appointment as a Director of the Board…

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Tesla Model S is driving around Grand Cayman

The Tesla Model S has been on sale a year in the USA and there is now one driving around Grand Cayman’s roads. Michael Mandish took delivery of the vehicle this week from Cayman Automotive. So how good is the…

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Here’s why hiring managers should stop looking at resumes

By Emmie Martin From Business Insider Resumes have long been the standard starting point for hiring managers searching for top job candidates. But as it turns out, they might not be the best indicators of which applicants deserve a second…

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Developers are turning the public cloud into a massive piggybank

By Matt Asay From TechRepublic All public cloud spending estimates significantly undervalue the market, because all miss just how much developers are spending without telling anyone. Head in the cloud Cloud computing is big. It’s so big that major analysts…

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AIFMD rules fuel offshore fund boom

From IFC Review The introduction of the Alternative Investment Fund Managers Directive (AIFMD) could add fuel to the fire of the recent trend for investment trusts to be domiciled offshore, reports the FT Adviser. Under the AIFMD, which came into…

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iNews Briefs

UPDATED: CGU15: Scott’s brace paces Cayman’s second victory: Cayman 4-1 Bahamas From CIFA GEORGE TOWN, Grand Cayman – Captain Lauren Scott scored a braced and sent host Cayman Islands to the quarterfinals of the CONCACAF Girls’ Under 15 Championship, with…

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No Caribbean appetite for a rum fight

By Sir Ronald Sanders From Caribbean360 BRIDGETOWN, Barbados, Thursday August 7, 2014 – It is alarming that Barbados’ Ambassador to the United States, John Beale, has publicly stated that CARICOM (the 15-nation Caribbean Community) is “inactive” and needs to take…

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These are the companies abandoning the U.S. to dodge taxes

By Danielle Douglas From the Washington Post It is a tax trick that has been around for years, but the pace of companies moving their headquarters overseas to lower their tax rate has sped up in the last decade. American…

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Republic Bank fights high Caribbean energy costs . .

By Maury Wright Editor in Chief, LEDs Magazine and Illumination in Focus .. with comprehensive lighting control Lighting control pays off in almost any environment, but implementing aggressive control strategies is especially important in areas such as the Caribbean where $0.40…