UK: £10,000 proposed for everyone under 55
By Jamie Robertson from BBC The government should give £10,000 to every citizen under 55, a report suggests. The Royal Society for the encouragement of the Arts, Manufactures and Commerce (RSA) said it could pave the way to everyone getting…
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RSA insurance group books £50m hit for US and Caribbean hurricanes
By Scott McCulloch From insider.co.uk The hurricane provisions have been booked in the UK segment which also suffered from large weather-related losses and inflationary pressure on home insurance Insurer RSA has booked a £50 million hit from recent major hurricanes in…
Ocean Rig UDW Inc. announces decision by Highland Capital Management LP not to pursue objections to recognition of Cayman Proceedings by U.S. Bankruptcy Court
Highland has advised that it will not object to the Company’s request for recognition of the Cayman Proceedings by the U.S. Bankruptcy Court; Highland has notified the Company and the U.S. Bankruptcy Court of its immediate cessation of all discovery…
Ocean Rig UDW Inc. Announces Date of Convening Hearings for Scheme Companies and Extension of DRH Early Consent Deadline
Convening hearings in relation to the proposed schemes of arrangement for Ocean Rig UDW Inc. (“UDW”), Drillships Financing Holding Inc. (“DFH”), Drillships Ocean Ventures Inc. (“DOV”) and Drill Rigs Holdings Inc. (“DRH”) (the “Scheme Companies”) to begin on July 11,…
How used cars became a security nightmare
By Violet Blue From engadget Hack an app, win a free car! Application security for connected cars is far less mature than anyone should be comfortable with. This was clear at the RSA information security conference last week in San…
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Changes to be made to Cayman Islands pensions withdrawal schedule
Grand Cayman, Cayman Islands – In addition to the legislative reform that was made with the passing of the National Pensions (Amendment) Law 2016, changes will also be made to the pensions withdrawal schedule and allowances for the Retirement Savings…
Suntech signs agreement over noteholder lawsuit
BY: MAX HALL From PV Magazine U.S. noteholders have secured a pledge to have their obligations treated on an equal footing with non-U.S. creditors. Suntech can now continue with Cayman Islands liquidation proceedings. Suntech has signed an agreement with U.S.-based…
