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Commonwealth of the N. Mariana Islands v. Millard, No. 11 MC 99, 2012 U.S. Dist. LEXIS 127085 (S.D.N.Y. Apr. 12, 2012)

Baker & McKenzie David Zaslowsky and Grant Hanessian Cayman Islands, USA March 25 2013   Execution of Judgment.  Turnover.  District court denies motion for an order to compel bank to turn over funds located in accounts of the bank’s foreign…

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Dalkeith Bothwell to run for PPM in West Bay

Georgina Wilcox The Progressives (the People’s Progressive Movement – PPM) announced last Saturday (23) that Dalkeith Bothwell would be running on their ticket as the fourth man. He joins the other thee West Bay PPM candidates, Woody Da Costa, Ray…

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Laiki pays price for Greek over-reach

By Kerin Hope in Athens Financial Times For two decades Laiki Bank has struggled to catch up with Bank of Cyprus, the island’s largest financial institution, in a battle for market share that extended to Greece, eastern Europe and even…

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Race Cayman International Regatta good for local sailors

This year’s Race Cayman sailing regatta was another huge success. The annual event, now in its 5th year, featured three different categories of sailboat. The winds rarely disappoint in March and this year was no exception with strong winds and…

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The Editor Speaks: Do our sitting LA members really care?

With the television cameras, lights and recording apparatus allowing everyone in the Cayman Islands with a television set to view every second of the proceedings going on in the Legislative Assembly, and with a general election just around the corner,…

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AIFMD to be implemented by Cayman Islands

Deputy Premier and Minister for Financial Services, The Hon. Rolston Anglin, JP Cayman’s Readiness for the Implementation of the Alternative Investment Fund Managers Directive (AIFMD) Friday, 15 March 2013 | Cayman Islands Legislative Assembly Madam Speaker, in late 2010, the…

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Dep. Cayman Premier gets driving ban

Georgina Wilcox Deputy Cayman Islands Premier, Hon. Rolston Anglin’s drunk-driving sentencing was executed on Tuesday (26). The Deputy Premier, who is also Education Minister, was banned from driving for 12 months, fined CI$500 and ordered to pay the crown’s costs of…

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Developments in the CAROSAI Region

From International Journal of Government Auditing The 21 members of the Caribbean Organization of Supreme Audit Institutions (CAROSAI) carry out their mandates against the background of rapidly changing environments and emerging accountability issues. Many face tremendous challenges in the areas…

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Pension withdrawals contribute KYD$4.1M to economy

The Cayman Islands National Pensions Law was amended in 2011 to allow pension members a one-time withdrawal of up to KYD$35,000.00 from their pension plan to purchase a home, construct a home, pay off an existing mortgage or purchase residential…