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Manderson says he has no knowledge of Civil Service salary cuts

In a Memorandum subject “Rumours of Salary Cuts” sent from the office of the Deputy Governor, Franz Manderson, dated 30th November 2012 to all Civil Service staff he says. “I have been approached by numerous persons who are reporting rumours…

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CAACI announce holiday office closures

The Civil Aviation Authority of the Cayman Islands (CAACI) have announced their office hours during the Holiday season: .Friday 14th Dec –staff function (8:30am- 3:30pm) .Monday 24 Dec – Christmas Eve (8:30am – 1:00pm) .Tuesday 25 Dec – Christmas Day…

St Ignatius Carol Service is sure to attract many

St Ignatius Roman Catholic Church’s annual Candlelight Carol Service and Christmas Fundraiser will be held at 7pm on Tuesday, 18 December, out in the open in the school courtyard. The event will commence with scripture readings marking the season, singing…

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Cayman Islands hedge fund wipes floor with our Department of Finance

November 30, 2012 by namawinelake Remember Fir Tree? Back at the start of 2011, these hedge fund upstarts from the Cayman Islands took exception to the attempts by Anglo Irish Bank – as it then was, it’s now IBRC having…

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Peer’s lobbying for Cayman may prompt conduct rule change

by Melanie Newman The Bureau of Investigative Journalism A Lords’ committee may amend guidance on lobbying by peers after Lord Blencathra was cleared of any misconduct. The Lords commissioner for standards cleared the former Conservative chief whip of breaching conduct…

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Shelf Drilling completes acquisition of 38 rigs from Transocean

GEORGE TOWN, Grand Cayman, Nov. 30, 2012 — /PRNewswire/ — Shelf Drilling Holdings Ltd (‘Shelf Drilling’), a newly-formed focused provider of shallow water drilling services in Asia, Africa and the Middle East, announces the closing of its $1.05 billion acquisition…

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Consolidated Water Co. Ltd. : to Present at New York Society of Security Analysts’

Consolidated Water Co. Ltd. : to Present at New York Society of Security Analysts’ 16th Annual Water Utility Conference on Thursday, December 6, 2012 GEORGE TOWN, GRAND CAYMAN, CAYMAN ISLANDS — (Marketwire) — 11/30/12 — Consolidated Water Co. Ltd. (NASDAQ:…

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Tax: Starbucks in talks with UK’s Revenue and Customs

Global coffee chain Starbucks has said it is in talks with HM Revenue and Customs and the Treasury over how much UK tax it pays. It is one of several well-known firms that were criticised over the level of their…

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Moody’s cuts AAA rating of ESM rescue fund

Moody’s has cut the triple-A rating of the European Stability Mechanism (ESM) euro rescue fund by one notch and given it a negative outlook. It follows a downgrade earlier this month of key ESM-backer France. Moody’s also cut rating of…

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Crown Dependencies meet UK Treasury officials on ‘UK FATCA’

From Tax & Regulation Nov 30 2012 BY: Helen Burggraf , Contributing Editor , International Adviser The Governments of Jersey, Guernsey and the Isle of Man issued statements late this afternoon saying that they had met with UK Treasury officials…