Cayman Islands Auditor General attends regional conference in Jamaica
The Auditor General of the Cayman Islands, Alastair Swarbrick, recently attended a meeting of the Caribbean Organization of Supreme Audit Institutions (CAROSAI). The meeting was held in Kingston, Jamaica from May 7 to 9 with the other twenty-one Auditors General…
Moody’s downgrades CDB
The US based rating agency, Moody Investors Services has downgraded the credit ratings of the Barbados-based Caribbean Development Bank (CDB) by one notch from Aaa to Aa1. CDB president Dr. Warren Smith told the bank’s annual board of governors meeting…
Question raised on Cayman Islands Iranian securities fund
In a story posted by Cliff Burns on EXPORTLAWBLOG on May 23 he asked the question, “Are There Any Limits Remaining on OFAC Jurisdiction over Foreigners?” In today’s civil penalty releases, the Office of Foreign Assets Control (“OFAC”) announced a…
Grand Cayman based Consolidated Water Co. Ltd. to expand retail water operations with Bahamas Joint Venture
Consolidated Water Co. Ltd. (NASDAQ: CWCO), which develops and operates seawater desalination plants and water distribution systems in areas of the world where naturally occurring supplies of potable water are scarce or nonexistent, today announced that it has formed a…
1000 Man March Outreach launches website
The organisers of the 1000 Man March outreach launched a new website on Friday, May 11th 2012. The Board gathered at the National Gallery with invited guests and sponsors for the unveiling and presentation of the site. Mr. Phil Jackson,…
Cayman Islands connection in the Kleiner Perkins Discrimination Lawsuit
Ellen Pao, a junior partner at Kleiner Perkins Caufield & Byers, has filed a lawsuit against the storied venture capital firm, with detailed allegations about gender discrimination, harassment, retaliation and other charges at the firm. Pao, who joined…
Between Facebook and JPMorgan, Wall St. woes mount
AP) — Almost four years after the financial crisis, Wall Street still can’t get it right. Investor anger mounted Wednesday over the initial public offering of Facebook stock last week, which was fumbled by the banks that managed the deal…
Fears grow over Coventry City FC going bust as Cayman Islands link revealed
Fears that Coventry City could be close to going bust are growing – following a Telegraph investigation into owner Sisu’s offshore business dealings in the Cayman Islands. Our investigation has prompted Coventry City Council leader John Mutton to call on…
Auditor General slams CINICO and CINICO replies
The Auditor General, Alastair Swarbrick, made public yesterday (23) a performance audit report on the “Management of Overseas Medical Services.” The Cayman Islands Government is currently spending approximately $30 million a year on overseas medical care. In his report, Mr….
Customs Collector Retiring
After a distinguished career spanning 40 years, Collector of Customs, Mr. Carlon Powery, MBE, JP, will be retiring on 31 May 2012. Mr. Powery, who decided last year to retire after four decades in service, has seen revenue collected by…
