The Electricity Regulatory Authority of the Cayman Islands approves new Feed-in Tariffs for Consumer-Owned Renewable Energy Generation Programme
The Electricity Regulatory Authority of the Cayman Islands (the “ERA”) has, effective August 30, 2012 approved revisions to the existing Feed-in Tariffs (FITs) which has been in place since February 1, 2011. The new FITs offer, developed in conjunction with…
Cayman Islands will be celebrating PEACE on 21 Sep 2012
In 1999, Jeremy Gilley founded Peace One Day, a non-profit organization, and in 2001 Peace One Day’s efforts were rewarded when the member states of the United Nations unanimously adopted the first ever day of global ceasefire and non-violence on…
Cayman Court lays down more guidelines for enforceability of side letters
After being a hot topic in the Cayman Islands for a number of years, the Grand Court has handed down two decisions in quick succession relating to side letters entered into by Cayman Islands corporate hedge funds. The first was…
Cayman based Leopard Capital names Intrator managing partner, CIO
Leopard Capital Cambodia, a Cayman Islands-based fund manager specialising in frontier market investing, has appointed Richard Intrator managing partner and chief investment officer, as the company, founded in 2007 by CEO Douglas Clayton, expands. As CIO, Intrator succeeds Scott Lewis,…
Pirate Bay co-founder Warg arrested in Cambodia
One of the founders of the popular file-sharing Pirate Bay website, has been arrested in Cambodia, the local police have announced. Gottfrid Svartholm Warg was held in Phnom Penh after an international warrant was issued against him in April by…
Commission for Standards has no teeth
The Commission for Standards in Public Life was formed in January 2010 but its latest report (see attached in full) says that in its three previous reports “the Commission highlighted the need for the enactment of the necessary enabling legislation…
HSH N Funding II: Silent Participations and Profit Participation Capital of HSH Nordbank
DIRECTORS’ REPORT For the six months ended June 30, 2012 Corporate Governance HSH N Funding II (the “Company”}, was incorporated on May 26, 2005 as an exempted company with limited liability under the laws of the Cayman Islands. The Company…
Treasury approves sale of Gibraltar Ucits into UK
The UK Treasury has given the green light for retail investment funds domiciled in Gibraltar to be sold in the UK. Gibraltar’s financial regulatory body, the Financial Services Commission, said it has been in negotiations with the UK for a…
China Medical Technologies Files Chapter 15 Bankruptcy
China Medical Technologies Files Chapter 15 Bankruptcy after pending bankruptcy proceedings listed in the Cayman Islands China Medical Technologies Inc., a maker of diagnostic products, filed for Chapter 15 foreign-firm bankruptcy protection in New York, listing as much as $500…
Chillicothe Woman Sentenced for fraud involving Cayman Islands “proof of funds” letter
A Chillicothe woman has been sentenced in federal court for real estate fraud in the Kansas City area. Angela Beetsma Allen, 33, of Mooresville,was sentenced by U.S. District Judge Greg Kays to 10 months in federal prison without parole. On…
