OPINION: EC Dollar devaluation may be beginning of the end
By Peter Binose From Caribbean360 KINGSTOWN, St Vincent – We may all wake up one morning soon and find our EC dollars worth less, or even worthless. Our savings and our buying power reduced. Our local pensions worth so much…
Former CEO of BVI firm indicted for allegedly bribing government officials
From Caribbean360 WASHINGTON D.C., United States, CMC – The United States Department of Justice (DOJ) says the former co-chief executive officer of PetroTiger Ltd – a British Virgin Islands (BVI) oil and gas company with operations in Colombia and offices…
Discovery in Cayman Islands
By Phillip Kite, Ian Mann, David Butler and Jayson Wood From Harneys When does an obligation arise? What has to be discovered and when? How is discovery given? Who is responsible for discovery? In this guide Harneys considers the scope…
Ground beef recall linked to 11 illnesses in four [US] states
By Jenn Harris From Los Angeles Times At least 11 people in four states have been infected with E. coli-related illnesses linking back to the 1.8 million pounds of ground beef recalled by a Detroit packing company Monday, according to…
Cayman Islands Court clarifies treatment of foreign tax liabilities in bankruptcy
Article by Colin D McKie and Brett Basdeo From Maples and Calder The Cayman Islands Court of Appeal has allowed the appeal of a creditor against a bankruptcy order made against two Cayman Islands resident debtors, the primary purpose of…
Cross-Border Comity at Cayman Islands Court of Appeal – the Picard V Primeo decision
By Colin D McKie and Caroline Moran From Maples and Calder On 16 April 2014, the Court of Appeal handed down the much-anticipated decision in Irving H Picard and Bernard L Madoff Investment Securities LLC v Primeo Fund. In short,…
Credit Suisse, US ‘in tax probe payment talks’
From Taipei Times Credit Suisse Group AG is in talks with the US Department of Justice (DOJ) to pay as much as US$1.6 billion to resolve an investigation into the bank’s role in helping US citizens evade taxes, a person…
US report: Global warming impact is here, PR ‘exceptionally vulnerable’
By Caribbean Business Online Staff and wire services Puerto Rico is “exceptionally vulnerable” to a range of impacts including sea level rise, more powerful hurricanes and decreased water availability, according to a new federal scientific report that emphasizes how global…
Can plants help in war on bugs?
By Kat McGowan From iol scitech Washington – We are losing the war on insects. Every year, we dump 1 billion tons of insecticides on them; every year, they eat up to a fifth of the crops we grow. It’s…
Havens leave US taxpayers $1,259 tab each – report
From The New Zealand Herald The US loses $150 billion in federal revenue annually when earnings are transferred to tax havens like the Cayman Islands. US taxpayers would need to pay an average of $1,259 more a year to make…
