Cayman Islands judge ruling means problems for pension funds
Josh Barbanel and Steve Eder (online.wsj.com) A judge’s ruling in the battle between three Louisiana pension funds and New York hedge-fund firm Fletcher Asset Management shows the difficulties the funds may face in recovering their investments. After the three pension…
Cruise ship “Disaster” exercise held
A mock major cruise ship ‘accident’ in George Town Harbour on Tuesday, 24 April saw top Cayman Islands’ officials, especially emergency responders, turn out in force to react to the planned exercise. The operation, code-named ‘Exercise Save Vessel’, was the…
Cayman Island hedge fund ruled “very doubtfully solvent”
Looks like the Louisiana Firefighters’ Retirement System, the Municipal Employees’ Retirement System and the New Orleans Firefighters’ Pension and Relief Fund may have lost almost $100 million that the three public funds invested in a New York hedge fund run…
Ethics czar mulling probe into Fantino over alleged Cayman bank accounts
By: Steve Rennie, The Canadian Press The Canadian ethics watchdog is deciding whether to probe a Conservative cabinet minister over allegations he did not disclose bank accounts in the Cayman Islands. But a spokesman for Associate Defence Minister Julian Fantino…
The Norwegian ‘Children of the Rainbow’
Tens of thousands of people have protested in Norway against the anti-immigration views of Anders Behring Breivik, as they sang a peace song derided by the mass killer. A crowd of around 40,000 in the capital Oslo chose ‘Children of…
Suicide bombing in Syrian capital kills 10
(AP) — Two weeks into a cease-fire agreement, there still was no peace in Syria: Security agents in Damascus collected the remains of 10 people killed in a suicide bombing. Activists reported troops firing on protesters. Video showed a crowd…
David Cameron and the offshore connection
By Dan Hind Source: Al Jazeera Last weekend, the Guardian reported that the British prime minister’s father, Ian Cameron, held directorships in companies registered in tax havens. These companies were created soon after then-Prime Minister Margaret Thatcher relaxed capital controls…
Don’t dump waste on Government property
The public is being advised by the Department of Environmental Health (DEH) not to litter or to illegally of dispose waste on Government property (or other lands). Recently, DEH Environmental Health Officers and a team from the solid waste section…
Cayman’s premier making headlines all over the Caribbean
This story appeared on the website: www.caribbean360.com Cayman business community nervous over Bush probes Police probes into Cayman Premier McKeeva Bush over two alleged cases of financial irregularities and his involvement with an illegal shipment of dynamite has raised concerns…
Man arrested after armed siege in central London
(AP) — Police snipers and heavily armed officers put several blocks of central London’s shopping district into lockdown Friday after a man allegedly armed with gas canisters entered an office building and threatened to blow himself up. Police said a…
