CIMA issues important statement of guidance for boards of regulated mutual funds
By John Donohoe, Carne Global Financial Services Limited New recommendations will help fund managers to meet governance expectations of investors. The Cayman Islands Monetary Authority (CIMA) has issued its proposed Statement of Guidance for Regulated Mutual Funds (SOG). CIMA has…
Stock Analyst Sozzi: Sears could disappear by 2017
By Dan Weil From MoneyNews Sears may go out of business by 2017, Brian Sozzi, CEO and chief equity analyst of stock research firm Belus Capital Advisors, concluded after an extremely negative earnings forecast from the retailer Thursday. It predicted…
O2Micro’s Power Source Detection Topology Issued Japanese Patent
GEORGE TOWN, Grand Cayman, Jan 15, 2014 (GLOBE NEWSWIRE via COMTEX) — O2Micro International Limited OIIM +1.31% , a global leader in the design, development and marketing of high-performance integrated circuits and solutions, announced a patent grant for its Power…
A quick guide to Limitation Periods in the Cayman Islands
From Mourant Ozannes This guide is only intended to give a summary and general overview of the subject matter. It is not intended to be comprehensive and does not constitute, and should not be taken to be, legal advice. If…
CIREBA Donates
Cayman Islands Real Estate Brokers Association Donates to Cayman’s ARK Cayman Island Real Estate Brokers Association (CIREBA) recently collected donations from local real estate agents for Cayman’s Acts of Random Kindness (ARK). At the organization’s holiday party, a total of…
The ice bar cometh
Despite objections from Elmslie Memorial United Church, plans have been approved by the Central Planning Authority for a waterfront bar made from ice in George Town’s Flagship building, only a few yards from the church. Minister Dave Hazle said the…
Training for JPs Commences
To promote new regulations that are expected to be formalised early this year, the Office of the Deputy Governor has begun a mandatory training programme for some 200 Justices of the Peace (JPs). Addressing the JPs at the first training…
Fitch Upgrades PEMEX Finance Ltd.’s Ratings to ‘A+’
January 13, 2014 – CHICAGO –(BUSINESS WIRE)– Fitch Ratings has upgraded the following ratings for notes issued by Pemex Finance Ltd. , a Cayman Islands special purpose company wholly owned by Petroleos Mexicanos S.A. de C.V. (PEMEX): — Series 1998…
Cayman Spirits Company announces launch of first Cayman Islands vodka
From Cayman Spirits Company GEORGE TOWN, Grand Cayman — Cayman Spirits Company, the Cayman’s Islands first and only distillery, is now crafting a premium vodka destined for both the local Cayman market and for Export. Gun Bay Vodka The Cayman…
The Confidential Relationships (Preservation) Law: the Cayman Islands’ Confidentiality Legislation
From Mourant Ozannes Confidential Relationships (Preservation) Law (2009 Revision) Much has been made in recent times of the need for transparency in offshore financial centres. A variety of factors, including globalisation and the tumultuous state of international financial markets following…
