Nationwide Insurance hit with $8M Bad Faith judgment
By Greg Land, From Daily Report After a jury determined late last year that Nationwide Mutual Insurance Co. acted negligently and in bad faith in denying a claim for the death of an auto accident victim, a federal judge has…
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Cayman Airways 014 Invitational Youth Cup attracts world-class clubs
As Cayman is gearing up to welcome 6 international football teams to compete in the Cayman Airways U14 Invitational Youth Cup, local clubs Academy Sports Club and Sunset are gearing up for some exciting competition. This is the third successive…
Consolidated Water Consortium wins Rosarito, Mexico Desalination Plant bid
Consolidated Water Co. Ltd. Announces That The Consortium Comprised Of Its Mexican Subsidiary And Partners Has Been Designated As The Winner Of The Rosarito, Mexico Desalination Plant Bidding Process Jun 16, 2016, 17:26 ET from Consolidated Water Co. Ltd. GEORGE…
Petroceltic board steps down after examinership approval
By Mary Carolan, Charlie Taylor From The Irish Times Amended survival scheme reflects improved deal for the company’s staff Petroceltic chief executive Brian O’Cathain and chief financial officer Tom Hickey have resigned from the company after the High Court today approved…
Cayman Islands guide to ship finance 2016
From Harneys This Cayman guide to ship finance provides an overview of the key shipping-related issues, legal system and laws in Cayman, and explores the following questions: Due diligence 1. How does one demonstrate title to or legal ownership of…
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The View from Europe: A helpful confluence of events
By David Jessop From Caribbean News Now It is clear from a recent visit to Washington that there is a renewed interest in the Caribbean and that its concerns are back on the US agenda. How this has come about…
Terrible pain is coming for Bank of America investors
By Nikhil Gupta From Seeking Alpha Summary Bank of America may shed significant value in the coming months. Downward breakout from two-year distribution pattern is ominous for the stock. Look for $10 per share at least. Bank of America (NYSE: BAC)…
‘I will have no mistress anymore. My wife will be happy’
By Eoin Burke-Kennedy From The Irish Times Taittinger CEO Pierre-Emmanuel on giving up his mistress in retirement and not listening to your kids Unlike his uncle Claude, who ran the Taittinger family business until he was 80, Pierre-Emmanuel will exit at…
US: Final rule on customer due diligence requirements issued
By Connie M Friesen, Joel D Feinberg & David E Teitelbaum Contributed by Sidley Austin LLP From International Law Office Introduction Background Beneficial owner requirements for legal entity customers Identification and verification requirements Use of beneficial ownership information Record keeping Reliance on another financial…
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Governments failed the OAS at its 46th Assembly
By Sir Ronald Sanders From Caribbean360 WASHINGTON, United States, Thursday June 16, 2016 – The 46th General Assembly of the Organisation of American States (OAS) was not a successful event. This judgement is in no way related to the government…
