First ‘protected cell companies’ formed in Turks and Caicos
By Fernando Mendes From Falki Aviation.com PROVIDENCIALES, Turks and Caicos Islands — The Financial Services Commission in the Turks and Caicos Islands (TCI) has announced the successful formation of two protected cell companies (PCCs). This is the first time since…
Cayman Islands proposals for registration and licenses for directors; What you need to know
From Solomon Harris The Directors Registration and Licensing Bill 2014 The Cayman Islands Government (‘CIG’) is set to introduce new legislation on licensing and registration for directors of Cayman Islands (‘Cayman’) corporate regulated funds. A draft Bill is out for…
Crest’s chocolate mint toothpaste is tasty, overpriced, and has no reason to exist
By Laura Northrup From Consumerist A few weeks ago, we posted about the existence of the new Crest Be(TM) line of toothpastes. This line of products includes flavors that mix chocolate and mint, vanilla and mint, and lime and mint….
N.J. takes up bill to decriminalize small-scale adult use of marijuana
By Michael Booth, From New Jersey Law Journal Legislation introduced in New Jersey Monday would legalize possession, cultivation and sale of small amounts of marijuana—if the bill isn’t snuffed out by the governor’s promised veto. The measure’s sponsor says New…
The 50th Easter regatta is just 3 weeks away
The annual Round the Island Sailboat race takes place on Good Friday, April 18th. This year marks the 50th anniversary of the Easter Regatta and we are hoping that we get every sailboat in Cayman out on the water to…
Facebook to buy Oculus VR, maker of the Rift headset, for around $2b in cash and stock
By Matthew Panzarino From Tech Crunch Facebook has announced plans to purchase Oculus VR, the company behind the Rift headset, for around $2 billion in cash and stock. This includes $400 million, and 23.1 million Facebook shares. An additional $300…
Caribbean could put climate polluters in the dock says former diplomat
By Desmond Brown, From Caribbean360 BRIDGETOWN, Barbados, Monday March 24, 2014, IPS – Can Caribbean governments take legal action against other countries that they believe are warming the planet with devastating consequences? A former regional diplomat argues the answer is…
RPT-Fitch Rates Mizuho’s USD Basel III Subordinated Notes Final ‘BBB’
Fitch Ratings has assigned a final rating of ‘BBB’ to the USD1.5bn Basel III-compliant Tier 2 ten-year subordinated notes issued by Mizuho Financial Group (Cayman) 3 Limited, a wholly-owned subsidiary of Mizuho Financial Group, Inc. (Mizuho; A-/Stable). The notes are…
Asia sees first HY bond-financed LBO since 2011
By Chien Mi Wong From FinanceAsia Pactera, a Chinese IT consulting and outsourcing company, has sold a $275 million seven-year bond that is callable in the third year – Asia’s first high-yield note used to fund a LBO transaction since…
Changes for future Amway Canadian Championships
The Impact de Montreal celebrates after winning the 2013 Amway Canadian Championship. (Photo courtesy of Canada Soccer) OTTAWA — Canada Soccer announced today that its Amway Canadian Championship will move to a new summer timeframe starting in 2015. The change…
