Cayman Insurance Law amendments enhance captive flexibility
By Norman Tabler, Jr. Faegre Baker Daniels From JD Supra Business Advisor On January 16, 2015, the Cayman Islands published new insurance regulations affecting portfolio insurance companies (PICs). The regulations are designed to provide more flexibility to insurance companies incorporated…
ISIL says Christian Egyptian hostages killed in Libya
ISIL releases video purporting to show the beheading of 21 Egyptian Coptic Christians kidnapped in Libya From AlJazeera The Islamic State of Iraq and the Levant (ISIL) has released a video purporting to show the killing of 21 Egyptian Coptic…
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Cayman Islands court rejects attempts by bank to go into voluntary liquidation Caledonian Bank and Caledonian Securities appointed its own joint voluntary liquidators but this was rejected by the Chief Justice, Hon. Anthony Smellie at a hearing on Thursday (12)….
Boko Haram’s insurgency is now one of the deadliest conflicts on Earth
Boko Haram’s rampage through the town of Baga and 16 smaller communities near the Nigerian side of Lake Chad has likely killed several hundred people — although it now appears that the early high estimate of 2,000 killed is excessive…
Accused art thief captured after giving his attorney the slip
By Ross Todd, From The Recorder The Feds have had quite a few labels for disgraced San Francisco real estate mogul Luke Brugnara. On Wednesday, they added one more: Captured. Brugnara, whose brazen escape from the San Francisco federal courthouse…
DLA Piper Associate found dead in DC Hotel
By Zoe Tillman, From Legal Times The man found dead in a downtown Washington hotel earlier this week was identified by D.C. police as DLA Piper associate David Messerschmitt. Messerschmitt was found unconscious and unresponsive on Tuesday about 11:15 a.m….
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Cayman Islands notorious Operation Tempura back in court When will the Cayman Islands be free from the enormous debt Operation Tempura has caused the country? Who knows? Operation Tempura is back in the Cayman Islands court again with the governor’s…
US agents nab US$29M of cocaine on Dominican Republic ship
From Dominican Today San Juan, Puerto Rico.- U.S. Customs and Border Protection (CBP) Office of Air and Marine, U.S. Coast Guard and U.S. Immigration and Customs Enforcement’s (ICE) Homeland Security Investigations (HSI), seized a 989 kilograms (2,180 pounds) cocaine shipment…
Red Bay Round-a-Bout MV Accident – Road Hazard
From RCIPS Tue, Feb 10, 2015 at 10:00 PM The police responded to a one vehicle MV accident in the vicinity of the Red Bay Round-a-Bout about 9:15 pm Tuesday 10 February 2015. The vehicle received extensive damage and the single…
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Minimum Wage Advisory Committee District Meetings Reminder for Cayman Islands residents The Minimum Wage Advisory Committee (MWAC) is inviting the public to a round of district meetings to have a final say on the topic of introducing a minimum wage…
