European Central Bank cuts growth forecasts and holds rates
The European Central Bank (ECB) has revised down its eurozone growth forecasts for this year and next as “economic weakness extends into 2013”. ECB President Mario Draghi said the bank expected the bloc’s economy to shrink by about 0.5% this…
BDO Ambition Survey shows economic and political uncertainty across the world
Martin Van Roekel, CEO says: The findings of this year’s BDO Cayman Islands Ambition Survey, released today, are a clear reflection of the impact of the economic and political uncertainty on businesses and investors across the world. Now in its…
HSBC may pay fine of $1.8 bn over money laundering lapses
From First Post HSBC Holdings might pay a fine of $1.8 billion as part of a settlement with US law-enforcement agencies over money-laundering lapses, according to several people familiar with the matter. The settlement with Europe’s biggest bank— which could…
Head of litigation in Cayman receives ‘accredited mediator’ certification
Higgs & Johnson Partner and Head of Litigation in the Cayman Islands, Philip S. Boni (pictured), has been accredited by the London School of Mediation as a Civil and Commercial Mediator, having satisfied the requirements of the United Kingdom…
CILS says they have not been given opportunity to review legal profession legislation
The Cayman Islands Law Society (“CILS”) welcomes the opportunity from the Premier to provide input to the Government on the future legislation to govern the legal profession in the Cayman Islands. The profession is a vital part of society in…
Cops urge vigilance following spate of fuel thefts
Officers from the RCIPS are urging businesses and members of the public to be extra vigilant following a spate of diesel thefts on Grand Cayman. So far four men have been arrested in connection with the thefts – but officers…
PPM Ready, Announced New Candidates…
PPM ready, announced new candidates and slammed UDP and C4C at lunch meeting At a luncheon courtesy, of the People’s Progressive Movement (PPM) last Wednesday (5), the party’s chairman, Anton Duckworth, said his party was ready and prepared for next…
Hell Is Grand Cayman
By Richard Bangs, The Blog It’s the final afternoon in paradise, and I head for Hell. Hell, it turns out, is a flash in the road near West Bay, named for a swatch of spiky, tortured, black, ironshore that looks…
Le Meritage chef Michael Farrell moving to the Cayman Islands
By Susan Langenhennig, The Times-Picayune After four years at the Maison Dupuy Hotel, chef Michael Farrell is heading to the Cayman Islands to become executive chef at Westin Grand Cayman Seven Mile Beach Resort & Spa. He doesn’t plan on…
Cops say don’t get conned by counterfeit cash this Christmas
Officers from the RCIPS Financial Crime Unit are urging members of the public and businesses to continue to be on the look-out for fake cash, particularly as we approach the festive season. Recently some counterfeit KYD$25 notes have been found…
