Tethys Petroleum Limited: First quarter 2014 financial results
GRAND CAYMAN, CAYMAN ISLANDS, May 15, 2014 (Marketwired via COMTEX) — Tethys Petroleum Limited (“Tethys” or the “Company”) CA:TPL +1.11% UK:TPL -1.51% today announced its First Quarter 2014 Financial Results. Corporate Highlights — Drilling of a further 3 successful…
EU providing billions for projects in Jamaica
From Caribbean360 KINGSTON, Jamaica, CMC – The European Union is providing J$11.1 billion (one Jamaica dollar = US$0.004 cents) to Jamaica for projects within the sugar industry, justice, community development initiatives and poverty reduction. Prime Minister Portia Simpson Miller said…
KRyS Global has now an office in New York
KRyS Global, a corporate recovery and insolvency firm, opened last Monday (12) an office in New York. oThe firm said it was to complement their offshore presence in the Cayman Islands, British Virgin Islands, Bermuda, Bahamas and Guernsey. KRyS Global…
Study confirms that most of us carry less than $50 cash
By Ashlee Kieler From Consumerist Sometimes the effort needed to fumble inside my wallet for cash and change just seems too much of a burden. So I rarely use the tender and instead go straight for the debit card. And…
Barclays to shed 19,000 jobs over three years
By Sophia Yan From CNN Barclays announced another wave of job cuts Thursday, pushing the total over three years to 19,000 as it takes the knife to its investment bank. The investment bank division will shed as many as 7,000…
Mexico to invest $A15B in tourism
From Perth Now MEXICO plans to invest 180 billion pesos ($A14.84 billion) in tourism infrastructure to turn the country into a global power in the industry, President Enrique Pe’a Nieto says. “Mexico has everything necessary to become a tourism power…
Waterton announces extension of offer to Chaparral shareholders
TORONTO, May 7, 2014 /PRNewswire/ – Waterton Precious Metals Fund II Cayman, LP (” Waterton “) announced today that the cash offer by Waterton Precious Metals Bid Corp. () Offer “) to acquire all of the outstanding common shares of…
Canadians’ offshore tax-haven holdings [including Cayman] rise 10 per cent, to $170-billion
By Janet Mcfarland From The Globe and Mail Canadians had $170-billion invested in the world’s top 10 tax-haven countries at the end of 2013, a 10-per-cent increase from a year earlier as growing sums flow into foreign investment accounts. A…
The Insurance and Reinsurance Law Review, 2nd Ed.: Cayman Islands
By Tim Frawley and John Dykstra 1 This article first appeared in the second edition of The Insurance and Reinsurance Law Review, published by Law Business Research Ltd. Tim Frawley and John Dykstra provide an analysis of insurance and reinsurance…
Private Funds, the Cayman Islands IGA and FACTA
By Simon Riveles and Simon M. Cooke. From Riveles Law Group On November 29, 2013, the Cayman Islands signed a FACTA Model 1 intergovernmental agreement (“IGA”) with the United States. The IGA ensures that financial institutions located in the Caymans,…
