Mozambique to Become Vital Energy Exporter
By Terrence Murray, The Financialist Offshore Mozambique is believed to hold huge natural gas reserves, large enough to turn the country into a pivotal energy exporter. Mozambique’s economy is poised to undergo a radical transformation with the ongoing development of…
U.K. Top Court Won’t Recognize U.S. Bankruptcy Judgments
By Erik Larson on October 24, 2012 Britain’s top court decided for the first time that U.S. bankruptcy rulings against debtor companies that don’t appear in court to defend themselves can’t be recognized in the U.K. Allowing so-called default judgments…
CHEC on course for Port development
As talks successfully progress between China Harbour Engineering Company (CHEC) and the Cayman Islands Government, officials from the international marine engineering and infrastructure construction firm have been highlighting the benefits the crucial project will bring to the Cayman Islands economy….
Greenlight Capital Re to Release Third Quarter 2012 Results
GRAND CAYMAN, Cayman Islands, Oct. 24, 2012 (GLOBE NEWSWIRE) — Greenlight Capital Re, Ltd. (Nasdaq:GLRE), a specialist property and casualty reinsurer based in the Cayman Islands, today announced that it expects to release financial results for the third quarter 2012…
Bank of America sued for $1bn for alleged mortgage fraud
Bank of America is being sued for $1bn (£624m) for alleged mortgage fraud. The civil lawsuit has been brought by the US Attorney Preet Bharara, the top federal prosecutor in Manhattan, New York. He accuses Countrywide Financial, which Bank of…
Maples and Calder Uses Social Media for Staff Hurricane Preparedness
Maples and Calder’s Cayman Islands office continues to set the standard for the effective use of social media via the launch of the MaplesHEP twitter page. With the very first tweet débuting in advance of Tropical Storm Ernesto, the firm…
Accountability dashboard for civil servants
At the 8th October 2012 meeting of the Deputy Governor and Chief Officers the minutes show a presentation on the Human Resources (HR) Performance Management Dashboard. The Dashboard will allow the Deputy Governor, Portfolio of Civil Servants (PoCS), Chief Officers,…
Cayman Islands Monitoring FATCA Developments
by Amanda Banks, Tax-News.com, London The Cayman Islands government has released an update on whether the territory will negotiate a government-to-government reporting arrangement with the United States to ease the compliance burden on local financial institutions of complying with the…
Solar: Close to Going Mainstream
By Terence Murray, The Financialist A slew of new solar powered electricity projects have come online in the past two years, and the sheer volume has solar power nearing price-parity with carbon-based generation in some markets. In 2011 US solar…
Security Protection – Registration, Amendment and Release Requirements in Bermuda, BVI and the Cayman Islands
By Jeffrey Kirk & Victoria Chen, Appleby This article examines the laws of Bermuda, Cayman Islands, and the British Virgin Islands (the “BVI”) as such laws concern the registration, variation and release of charges and other security interests created over…
