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Cable and Wireless Communications officially under new ownership
From Curacao Chronicle CEO Mike Fries says it will be business as usual, for at least the next few months, in Flow operations across the Caribbean. WILLEMSTAD – Cable & Wireless Communications (CWC), which operates in the region as Flow,…
Focus on Cayman Brac Customs
Eleven (11) Cayman Brac Customs Officers received refresher training in various Customs and other related Laws, general procedures and techniques last month. The training was conducted by Deputy Collector of Customs Marlon Bodden and Assistant Collector of Customs Philip West…
Participation by International Stakeholders in Cayman Islands Insolvencies
Peter McMaster QC, Partner, and Jeremy Snead, Senior Associate, Appleby (Cayman) Ltd, Cayman Islands Introduction Companies incorporated in the Cayman Islands usually conduct operations and hold assets elsewhere than in the Cayman Islands and Cayman Islands corporate insolvencies therefore commonly…
Cayman Islands police appeal to the public to assist with recovery of stolen jewelry from Mitzi’s Fine Jewelry
By Jacqueline.Carpenter From RCIPS On 18 November 2015 Mitzi’s Fine Jewelry on West Bay Road was robbed by an armed man, and the store lost a significant amount of merchandise. In the six months since the robbery occurred no pieces have…
Bahamas designates list of relevant foreign countries [Cayman Islands included]
By Sophia Rolle-Kapousouzoglo Contributed by Lennox Paton From International Law Office The Liquidation Rules Committee has published the Foreign Proceedings (International Cooperation) (Relevant Foreign Countries) Liquidation Rules 2016. The most recent statutory enactment in relation to corporate insolvency in the Bahamas is…
HR meets the Caribbean: DisruptHR Cayman
By Chris Bailey From HR Gazette Human Resources (HR), Human Capital Consulting (HCC) Personnel and the host of other names this department is called has gone through a massive overhaul in the last decade. People want to work for cool…
IMF approves US$2.8 million disbursement to Grenada
From Caribbean News Now WASHINGTON, USA — On Wednesday, the executive board of the International Monetary Fund (IMF) concluded the Article IV consultation with Grenada and the fourth review of Grenada’s performance under a program supported by a three-year arrangement…
UK supports Cayman Islands’ position on Beneficial Ownership Initiative
Highlighting Cayman’s ‘lead on global transparency as a cooperative jurisdiction’, UK Chancellor of the Exchequer George Osborne has written to the Minister of Financial Services, Wayne Panton, welcoming Cayman’s participation in the discussion for the development and subsequent implementation of…
BSI said to probe bank employees on 1MDB-related dealings
By Andrea Tan From Bloomberg BSI SA, the Swiss bank embroiled in global probes into 1Malaysia Development Bhd., is investigating employees and their dealings related to the embattled Malaysian state investment fund, according to people familiar with the matter. One of…
Notification Injunctions – a new tool for asset preservation?
By Peter McMaster and Jeremy Snead From Appleby When plaintiffs sue for substantial damages they need to be confident that the defendant has assets to meet a judgment. That does not just mean knowing that the defendant presently has assets, it means…
