UK’s territories keep schtum on ‘son of FATCA’ report, pending meeting
By Helen Burggraf , Contributing Editor , International Adviser Spokesmen for some of the UK’s key overseas territories said little beyond the fact that they look forward to meeting UK Government officials imminently to discuss the possibility of their exchanging…
OCG: NCG Contract Endorsements May and June 2012
For full details on the contract award recommendations that have been endorsed and/or approved the the National Contracts Commission (NCC) go to the following link
Spain banks to cut jobs and shrink in restructuring
The European Commission has approved the Spanish government’s plans to restructure four troubled banks. Bankia, NCG and Catalunya Banc must cut their loans and investments by over 60% in the next five years, shut half their branches and shed thousands…
BP faces temporary ban from new US contracts
BP has been temporarily suspended from new contracts with the US government, the Environmental Protection Agency (EPA) has said. While it is unclear how long the ban will last, it follows BP’s record fine earlier this month over the 2010…
Another Virginian hopeful has Cayman Islands Investments
By Josh Israel thinkprogress.org Meet Corey Stewart, Virginia’s Mitt Romney The chairman of the Prince William County Board of Supervisors, Corey Stewart (R), is running for Virginia Lieutenant Governor in 2013. But the former co-chairman of Mitt Romney’s 2012 Virginia…
Dolphin Cove meets resistance from TCI business group
Avia Collinder, Business Writer Jamaica Gleaner Stafford Burrowes, chairman and CEO of Dolphin Cove Limited, says he welcomes the public debate on his efforts to open a dolphinarium in Turks and Caicos Islands (TCI), saying resistance to his type of…
Moody’s reviews the subordinated debt ratings of certain Brazilian bank issuers for downgrade in the Cayman Islands
Sao Paulo, November 27, 2012 — Moody’s Investors Service has placed on review for downgrade the ratings assigned to subordinated debt issued by Banco Bradesco S.A. Grand Cayman Branch, Itaú Unibanco Holding S.A., and its direct and indirect leasing subsidiaries…
Walkers partner acquitted of assault
Press release from Samson & McGrath re Mark Lewis Grand Cayman -28 November 2012 – Mark Lewis was today acquitted of a single allegation of assault occasioning actual bodily harm. His reputation has been entirely vindicated. He will continue in…
SaxonMG Sponsors FC International Football Camp in its 19th year serving the community
Based out of Cayman Islands SaxonMG, has helped finance the FC International football training camp in the Cayman Islands. Founded in 1993, hundreds of youth ages 6 to 16 from across the Cayman Islands have participated in the football camp…
Cayman Islands changes to the Regulation of Mutual Fund Administrators & Associated Fund fee increases
by Victor Murray MG management Ltd The Cayman Islands Government as a result of ongoing discussions with the U.K. Foreign and Commonwealth Office have developed new regulatory requirements and fee increases for the Cayman Islands financial industry. However, for the…
