Plot to replace trustees [of Caribbean Justice Trust Fund]
From Trinidad Express A power struggle is brewing among members of the board of trustees of the Caribbean Court of Justice Trust Fund (CCJTF) in the wake of Chief Justice Ivor Archie being defeated for the post of vice chairman….
S&P downgrades Puerto Rico to junk status
By Vivianne Rodrigues in New York From Financial Times Standard & Poor’s has stripped Puerto Rico of its investment grade status, saying the debt-laden island is suffering from liquidity constraints because of its limited access to capital markets. The ratings…
Ex-Caribbean Sea Works director: My hands are clean
By Radhica Sookraj From Guardian Media Former director of Caribbean Sea Works Ltd Krishnamurti Mahabir says he is not afraid to face the US Drug Enforcement Administration (DEA) because he had no involvement in the $644 million cargo of cocaine…
CEO denies claim of RBC’s buyout
From Trinidad Express British banking giant HSBC recently laid out its intention to buy out RBC Royal Bank—a subsidiary of RBC Financial (Caribbean)—now owned by RBC, Canada’s largest and most profitable bank. Senior banking sources within RBC Royal Bank told…
Mourant Ozannes advises on the acquisition of Ogier Fiduciary Services
Mourant Ozannes assisted lead advisor Clifford Chance in advising Electra Private Equity PLC, on its £180 million acquisition of Ogier Fiduciary Services. Electra Private Equity PLC, a London Stock Exchange listed investment trust, will invest £83 million of equity alongside…
Re-opening Ceremony of the Historic Fort George
A small group of persons gathered at Fort George on Thu 6th February between 4pm and 6pm for the Re-opening Ceremony of the Historic Fort George, next to the Royal Watler Terminal. History of Fort George By Cayman Islands Government…
Mourant Ozannes associate Tracey Forbes admitted as an Attorney-at-Law in the Cayman Islands
Tracey Forbes was admitted as an Attorney-at-Law in the Cayman Islands on 21 January 2014, following the successful completion of her Articles of Clerkship with Mourant Ozannes. Tracey, daughter of Luke and Alta Forbes, first attended Trinity College School in…
Continuing obligations for Cayman Islands investment funds
From Mourant Ozannes The continuing obligations of Cayman Islands regulated funds are set out in the Companies Law and Mutual Funds Law (as amended). Each Cayman Islands regulated mutual fund must: • Pay an annual fee to the Cayman…
New CEO announced for Cayman Islands Airports Authority
Albert Anderson, who spent more than three decades working with local telecommunications service provider Cable & Wireless, known as LIME and was a Vice-President, has been named as the new Chief Executive Officer at the Cayman Islands Airports Authority (CIAA)….
iNews Briefs
Premier’s HARDtalk airing announced – first airing Mon (10) 11:30pm The airing for the discussion between Cayman Islands Premier Hon. Alden McLaughlin and BBC HARDtalk host Stephen Sackur is scheduled for next Tuesday11 February, 2014, on BBC World News at…
