Business confidence falls in the Caribbean
By Shanelle Weir Global business confidence is on the up, but the global economic recovery could be seriously flawed, reveals new research from the Association of Chartered Certified Accountants (ACCA) and the Institute of Management Accountants (IMA) Global Economic Conditions…
Insider Selling: Michael Bayley unloads 2,633 shares of Royal Caribbean Cruises stock (RCL)
By Hossein Forouzandeh From Mideast Times Royal Caribbean Cruises (NYSE:RCL) CEO Michael Bayley sold 2,633 shares of the stock on the open market in a transaction that occurred on Monday, May 12th. The stock was sold at an average price…
Cayman -deregistration of exempted partnership for continuation in another jurisdiction
From Walkers INTRODUCTION Under the provisions of the new Exempted Limited Partnership Law, 2014 (the “ELP Law”) a general partner (“GP”), on behalf of a Cayman Islands exempted limited partnership (the “applicant Partnership”), which proposes to be registered by way…
New arrest in case of money laundering to Cuba
By Jay Weaver And Juan O. Tamayo From Miami Herald A case that started out alleging $70 million in Medicare fraud now puts the figure at nearly $240 million. A Miami man has been arrested in an unprecedented money-laundering case…
The iPhone 6 may deliver a devastating blow to iPad sales
By Tero Kuittinen From BGR We’ve known for a while that tablet market growth has not been what people expected. Apple’s double digit sales decline of iPad units in the March quarter was one ill omen. Nevertheless, the new Morgan…
Cayman Economic Survey deadline reminder is Fri May 16
From ESO The Economics and Statistics Office (ESO) urges local businesses to fill out and return questionnaires for the System of National Accounts (SNA) and Balance of Payments (BOP) surveys before the 16 May 2014 deadline. The goal of the…
Cayman Islands – Draft FATCA guidance notes released for comments
The Cayman Islands on 12 May 2014 released a first draft of FATCA guidance notes concerning the compliance requirements of the intergovernmental agreement (IGA) between the Cayman Islands and the United States and between the Cayman Islands and the United…
British court battle begins for Bob Marley music rights
From Caribbean360 LONDON, England, Tuesday May 13, 2014, CMC – The trial over the ownership of a number of songs by the late Jamaican Reggae icon, Bob Marley, began on Tuesday in the Chancery Division of the High Court. The…
Greenlight Re ‘walks away’ from some underpriced retro accounts
From ARTEMIS Greenlight Re, the Cayman Islands domiciled, hedge fund manager David Einhorn and Greenlight Capital, Inc. backed reinsurance firm, has pulled back from some of its catastrophe retrocession business this year citing low pricing and competition. Greenlight Re has…
Funds Support Deputy Governor’s Challenge
Deputy Governor (DG) Franz Manderson last week accepted contributions in support of the upcoming DG’s 5K Challenge, from corporate sponsors Dart Cayman Islands and Cayman Islands National Insurance Company (CINICO). The funds were presented by Dart representative Derek Haines and…
