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Day: November 18, 2014

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Government companies to be scrutinized closely by Cayman Island government Speaking at a press briefing, last week, Cayman Islands Premier, Alden McLaughlin, said government was bringing in a new law in the New Year that will change the rules regarding…

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The Editor Speaks: An apology from the Governor to the media (but not directly)

Evans finally gets reply to attack on Cayman’s media by the Governor’s Office Please see iNews Cayman story published July 17 2014 “Ex reporter stands up for Cayman’s media” at: http://www.ieyenews.com/wordpress/ex-reporter-stands-up-for-caymans-media/ Also see my Editorial published July 15 2014 “I…

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New Cayman Islands Chemo unit officially opens

The new chemotherapy unit operated by the Cayman Island Cancer Society at the George Town hospital was officially opened in a ribbon-cutting ceremony last Thursday (13). The original unit was housed in a small concrete room with no windows. The…

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Cayman Islands Marine police announce dedicated vessel and team for Sister Islands

On Saturday 1st of November 2014, law enforcement agencies in the Sister Islands received a boost to their ability to deter criminal activity and improve safety and security through the extended presence of the Joint Marine Unit (JMU). From its…

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Madoff feeder funds [Cayman Islands] agree to $497M settlement

By Kevin McCoy, From USA TODAY Two Cayman Island financial funds that invested heavily with Ponzi scheme architect Bernard Madoff’s business have agreed to a nearly $497 million settlement with the court trustee seeking the disgraced financier’s assets on behalf…

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Bruce Sigsworth tackles UEFA C Licence

In October, founding member of Grasspiece Promotions Bruce Sigsworth, travelled to the United Kingdom to embark on the equivalent of the Union of European Football Associations (UEFA) C Licence/English Football Association (FA) Level 2 Certificate in Coaching Football and the…

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Challenges mushroom for embattled HDG Mansur chief [and Cayman Islands funds]

By Greg Andrews From IBJ Most of the real estate developers who have left a big stamp on Indianapolis have had an audacious streak. That was certainly true of Mansur principals Harold Garrison and Cornelius Alig, whose headline-grabbing projects downtown…

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Finance Ministers in 51 Countries declare Bank Secrecy Act ‘Obsolete’ [Cayman Islands follows Germany’s lead]

By Carlo Caraluzzo Finance ministers from more than 50 countries recently signed the Multilateral Competent Authority Agreement, with another 30 countries pledging to sign the agreement by 2018. The agreement, signed in Berlin, is an effort to end what the…

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Cayman Islands: Misconceived clawback claims by liquidators

Article by Nigel K. Meeson Q.C. From Conyers Dill & Pearman Victory for Redeeming Investors There has been a notion floating around the offices of Cayman Islands liquidators that a redeeming investor from a fund is liable to have its…

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Franklin Graham slams Muslim service at National Cathedral

By John Blosser From Newsmax The Rev. Franklin Graham, son of “America’s Preacher” the Rev. Billy Graham, has slammed the Washington National Cathedral for allowing Muslims to hold their first prayer service there Friday. On his Facebook account, Graham wrote,…