Cayman Islands Case Notes, October 2014
From Harneys The following case notes outline two significant recent developments in the Cayman Islands Caribbean Islands Development Ltd. (in Official Liquidation) v First Caribbean International Bank (Cayman) Limited (unreported) In a ruling handed down on 8 October 2014, the…
HMS Argyll warship that was in Cayman Islands recently seizes £10 million cocaine haul
From itv News Royal Navy warship seizes £10 million cocaine haul in the Caribbean A Royal Navy warship has seized a cocaine haul worth £10 million from a yacht in the Caribbean. HMS Argyll was in the area to deliver…
OffshoreAlert – the Nemesis of Fraudsters – Comes to London next Month for its 3rd Annual European Financial Intelligence & Investigations Conference
LONDON — In October, 2012, OffshoreAlert exposed a £117 m fraud committed by Cayman Islands-domiciled Axiom Legal Financing Fund. Two weeks later, Axiom was suspended and went into liquidation. Its principal was struck off as a solicitor in England. In…
Fort Lauderdale trial aims to topple top level of secret bank accounts
By John Pacenti, From Daily Business Review The Justice Department cracked open Switzerland’s centuries-old custom of banking secrecy when it forced UBS AG to disclose the names of secret U.S. account holders on top of fining it $780 million. But…
Advantage Insurance acquires Southpac Life
GRAND CAYMAN, Cayman Islands, Oct. 28, 2014 (GLOBE NEWSWIRE) — Advantage Insurance Holdings Ltd. (“Advantage”), a leader in providing customized insurance solutions for businesses and individuals, announced today that it has completed the acquisition of Southpac Life Insurance Limited (“Southpac…
Plan won’t save Great Barrier Reef: Australian scientists
From Business Insider Sydney (AFP) – Australian government plans to protect the Great Barrier Reef are inadequate, short-sighted and will not prevent its decline, the country’s pre-eminent grouping of natural scientists said Tuesday. The draft plan, released for consultation last…
ACLU: Let wrongfully convicted man spend last days at home
By Stephanie Slifer CBS News NEW YORK – The clock is ticking for Max Soffar, a Texas man dying of liver cancer who is on death row for a crime he says he didn’t commit. “It’s your worst nightmare,” says…
Antigua reach highest ever FIFA ranking as T&T, Haiti also soar
From Jamaica Observer Jamaica slip 13 places to 113th in the world ST JOHN’S, Antigua (CMC) – Antigua and Barbuda are celebrating their highest ever FIFA World ranking after they jumped this week to 70th in the world. The Benna…
Concert & breakfast for Cayman Islands seniors
Older Person’s Month shone a spotlight on music and the spoken word this past weekend, as celebrations continued with a folksong concert and prayer breakfast. . Over 300 people turned out to the Harquail Theatre, on Friday, 24 October, for…
‘Aunt Jemima’ heirs sue Pepsi, Quaker Oats for $2 billion in royalties
By Tom Huddleston, Jr. From Fortune The great-grandchildren of the woman who once served as Aunt Jemima filed a class action suit seeking royalty back payments. The great-grandchildren of Anna Short Harrington, the woman whose likeness was used for the…
