CIAA chairman resigns after Moses’ letter
Embattled chairman of the Cayman Islands Airports Authority (CIAA), Richard Arch, has resigned after being asked to do so by new Minister of Tourism Moses Kirkconnell. Arch confirmed he had been asked to resign and said he would not seek…
The Editor Speaks: Immigration making headlines again
Cayman Islands’ looming immigration problem has made headlines again. The Bloomberg story we ran last week under the title “Paradise Lost” is the subject of an article in Bermuda’s Royal Gazette we have published today, “Cayman Islands could eject 2,000…
World Bank issues warning on Caribbean growth
From Caribbean360 WASHINGTON D.C., United States – The World Bank has warned that growth in the Caribbean “will be held back” by large fiscal adjustments necessary to bring fiscal deficits to sustainable levels and help reduce public debt burdens. “Growth…
EnergyAustralia may move to Cayman Islands
From Sydney Morning Herald Could control of troubled electricity and gas retailer EnergyAustralia move from Hong Kong to the Cayman Islands? CBD hears talk that Hong Kong’s China Light and Power, which owns EnergyAustralia, is considering a trade sale, possibly…
Cayman Islands Court of Appeal finds jurisdiction to grant freestanding Mareva relief against a non-party
From Conyers Dill & Pearman In VTB Capital v Universal Telecom Management and another (Judgment 4 June 2013), the Court of Appeal held that the Cayman Islands Court has jurisdiction to grant a Mareva injunction against a non‐party resident in…
Unclean colonoscopy instruments: 3 in 20 have ‘dirt’ from colons
By Geoffrey Mohan, Los Angeles Times Bits and pieces of “biological dirt” from inside people’s colons are being left on three in 20 of the instruments inserted in people’s rectums to examine their lower digestive tract, according to a study…
Seagate HDD Cayman completes Cash Tender Offer
Seagate Technology Announces Successful Completion of Cash Tender Offer for Outstanding 7.75% Senior Notes Due 2018 and 6.80% Senior Notes Due 2016 CUPERTINO, CALIF. — Seagate Technology plc (NASDAQ: STX) gave notice of the completion of the cash tender offer…
If you think government officials waste your money………
There has been much published in Cayman’s media concerning the number of trips our senior government officials have made over the past four years. Ex ministers McKeeva Bush and Juliana O’Connor-Connolly have come in for the most criticism. However,…
Cameron accused of undermining plans to stop tax evasion
By Paddy McGuffin Home Affairs Reporter in Belfast, Morning Star Anti-poverty campaigners hit out at David Cameron at the G8 summit today, accusing him of undermining plans to tackle tax evasion. War on Want pointed out that many of the…
Cayman court orders Ambow into provisional liquidation
Ambow setback teaches Baring a lesson in China investing By Matthew Miller and Stephen Aldred, Reuters (Reuters) – Baring Asia Private Equity, with $5 billion in assets under management, has a reputation as one of the savviest investors in China….
