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iNews Briefs
Cayman Islands police ‘Christmas Crackdown’ nets many offenders on first day From RCIPS The first day of the Royal Cayman Islands Police Services (RCIPS) holiday crack down on bad driving saw 39 persons prosecuted Island wide for various traffic offences,…
LDK Solar Schemes of Arrangement become effective
GEORGE TOWN, Cayman Islands and SUNNYVALE, Calif., Dec. 10, 2014 /PRNewswire/ — LDK Solar CO., Ltd. in provisional liquidation (“LDK Solar”) and its Joint Provisional Liquidators (“JPLs”), Tammy Fu and Eleanor Fisher, both of Zolfo Cooper (Cayman) Limited, announced today…
iNews Briefs
Cayman Islands’ Taste of Cayman 2015 admission tickets to cost more unless you buy them now The Cayman Islands Taste of Cayman 2015 admission price will bet $5 more than this year’s, unless you act between now and December 15th….
New documents have dragged Disney, Microsoft, and Koch Industries into Luxembourg’s tax avoidance scandal
From Business Insider London (AFP) – Dozens of companies including Microsoft, Disney and Koch Industries were dragged into the Luxembourg tax avoidance “LuxLeaks” scandal with the release of new documents by investigative journalists. The revelations increase pressure on former prime…
We just got more evidence that China’s economy could be headed for deflation
From Business Insider China’s consumer inflation falls to a five-year low of 1.4% in November amid concerns over the risk of deflation in the economy Beijing (AFP) – China’s consumer inflation fell to a five-year low of 1.4 percent in…
The man who turned a ‘boring’ idea into a $1.7 billion company explains the secret to success
By Eugene Kim From Business Insider When Zendesk CEO Mikkel Svane first came up with the idea of Zendesk, a customer service software that’s now worth $1.7 billion, everyone thought it was boring. But when he shared the vision for…
Cayman Islands utility company announces 39.7 MW generation expansion project
CUC announces 39.7 MW generation expansion project with BWSC & MAN Diesel & Turbo PR Newswire: CARIBBEAN UTILITIES COMPANY, LTD. CLASS A ORDINARY SHARES ARE LISTED FOR TRADING IN UNITED STATES FUNDS ON THE TORONTO STOCK EXCHANGE. GRAND CAYMAN, Cayman…
Bermuda insurer could crimp Dewey defense costs
By Christine Simmons, From New York Law Journal The ex-leaders of Dewey & LeBoeuf facing criminal trial have momentarily turned their attention away from prosecutors in New York and are attacking an insurance carrier in Bermuda who threatened to pull…
Study finds ACP countries would benefit from investment bank
From Guardian Media BRUSSELS—Caribbean countries can benefit from the establishment of a major trade and investment bank to serve the 79-member African Caribbean and Pacific (ACP) grouping, according to a study funded by the European Union. It said that financing…
Investors win Madoff ‘Fictitious Profits’ Appeal
By David Bario, From The Litigation Daily Bernie Madoff’s humongous Ponzi scheme failed, costing investors a fortune, because it was built on deceit. But the deception paid off for many years, delivering conjured-up profits to Madoff’s customers. On Monday, investors…
