Fitch affirms Butterfield’s ratings
The Bank of N.T. Butterfield & Son Limited (“Butterfield” or the “Bank”) announced that, in a statement dated 8 May 2012, credit rating agency Fitch has affirmed Butterfield’s long-term issuer default rating (“IDR”) at A- and its short-term IDR at…
Deloitte refuse to hand over documents from Cayman Island’s registered Chinese firm
Deloitte may be banned from practicing with publicly listed American companies, if it loses a legal battle in the United States. The Securities and Exchange Commission has ordered a legal action against the Big4 firm in connection with its refusal…
Renewable energy gets another spark
CUC confirmed on Wednesday (9) that they have chosen two renewable developers to start talks with them to provide renewable energy to the Grand Cayman power grid. CUC says it’s considering two 5 megawatt solar plants and one 3 megawatt…
The Cayman Islands’ Labour Force Survey Report
Total employment in the Cayman Islands in 2011 was estimated at 35,267, higher by 0.8 percent compared to 2010. Caymanian and non-Caymanian employment rose by 1.1 and 0.6 percent respectively compared to a year ago. “I am pleased that the…
Deal done in Cayman Islands that could decide the Vodafone India Tax Case
As the British telecommunications company Vodafone Group and India’s finance ministry edge ever closer to a full-blown confrontation over taxes related to Vodafone’s $11.1 billion acquisition in India, a key issue may be the India-Netherlands Bilateral Investment Treaty, signed between…
Bush involvement in blasting issue revealed on CITN
On yesterday’s newscast at 6pm CITN showed copies of documents they had obtained which implicated Hon. McKeeva Bush in the importation of explosives. The documents show Midlands Acres Ltd. that operates a quarry asking Premier McKeeva Bush to assist in…
Taxing question because of Cayman Island’s involvement in Guardian Media Group
The decision by Guardian Media Group and Apax Partners, co-owners of Top Right Group (formerly known as Emap), to sell its car data subsidiary CAP for an estimated £175 million raises an interesting question of tax. The reason is that…
Students to discuss citizen security with regional experts
Leaders in secondary- and tertiary-level educational institutions across the Cayman Islands are nominating students to attend the Vybzing Youth Programme, an invitation-only event that is linked to the high-level Caribbean Development Bank’s Annual Board of Governors Meeting. About 70 students…
The Auditors Oversight Law 2011 comes into force on the Cayman Islands
Cayman Islands’ law firm Appleby has published an update on The Auditors Oversight Law 2011 which was passed by the Legislative Assembly of the Cayman Islands in September 2011 and came into force on 1 May 2012, by Governor’s Order….
Home owners across the nation sue all bank servicers and their offshore havens (including Cayman Islands); Spire Law officially announces filing of Landmark Lawsuit
Largest international money laundering network in history formed during Obama administration; U.S. banks’ theft of home owners’ money laundered through Cayman Islands, Isle of Man and numerous offshore-based affiliates. In a lawsuit alleged to involve the largest money laundering network…
