Cayman Islands Provisional Liquidators to be terminated
Hong Kong, 25 January 2016: Pacific Andes International Holdings Limited (PAIH) announced today that its subsidiaries, China Fishery Group Limited (CFGL) and China Fishery International Limited (CFIL) have entered into a deed of undertaking with The Hong Kong and Shanghai…
Pacific Andes fails to dismiss KPMG in Cayman Islands hearing
From Undercurrent News The joint provisional liquidators (JPLs) from KPMG will continue in place at China Fishery Group in the Cayman Islands, after a hearing took place on Jan. 8. Pacific Andes International Holdings (PAIH) was successful in having the…
Court removes KPMG as provisional liquidators for Pacific Andes – next hearing Cayman Islands
By Tom Searman Undercurrentnews Hong Kong’s High Court has removed KPMG as provisional liquidators of Pacific Andes International Holdings subsidiary China Fishery Group, sources told Undercurrent News. This removal of KPMG, who were appointed after a filing from lender HSBC, means…
Councillor Roy McTaggart joins Cayman Islands Progressives Party
GRAND CAYMAN, Cayman Islands – Councillor for the Ministry of Health and Ministry of Financial Services Roy McTaggart has joined the Progressives in the run up to the May 2017 general elections in the Cayman Islands. Premier and Leader of…
HSBC files for China Fishery winding up in Cayman Islands
From Undercurrent News China Fishery Group revealed on Monday that lender HSBC has also filed for a winding up order and the appointment of a provisional liquidator in the Cayman Islands, in addition to Hong Kong. In a stock exchange…
The Edge: Our report exposed fraud
From Malaysia Kini The Edge Financial Daily’s latest report on 1MDB today denied the allegation that it was part of a political conspiracy, and instead recounted an alleged scheme by tycoon Jho Low and PetroSaudi International (PSI) to steal billions…
Armed robbery Governor’s Harbour, GC, Cayman Islands – reward offered for info
Cayman Islands’ CrimeStoppers offers $110k reward CrimeStoppers has $110,000 reward for information leading to the arrest and conviction of the men responsible for the Friday (June 26) night home invasion. Just before 9 pm three armed men kicked in the…
Students prepare for employment with a mock interview event
Clifton Hunter High School (CHHS) year 11 students arrived at school Wednesday, February 4th, 2015 out of uniform and dressed for success, ready to participate in a mock interview event that will teach them how to prepare and present themselves…
Cayman Islands to have Education review and inspections
From the Cayman Islands Ministry of Education, Employment and Gender Affairs A Review of Education The Ministry of Education is constantly evaluating ways to improve the Cayman Islands’ Education system, and the experiences of the students within it. The overarching…
Cayman Islands: The cost of compliance
Article by Jonathan Cohen, Source: Cayman Finance In recent years, an avalanche of regulation has significantly increased the costs of compliance within the hedge fund industry, with looming change and uncertainty ever present. It is widely known that hedge fund…
