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Month: July 2015

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The Editor Speaks: Despite Aud. Gen. Audit report Development Board reappointed

I suppose naivety led me to believe the Cayman Islands Government would at least take a close look at the appointees on Development and Control Boards after reading the planning and land use audit by Auditor General Alastair Swarbrick’s office….

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Meet the Golfers: Cayman Islands

From Digicel SportsMax Serge Berube Serge Berube has lived in the Cayman Islands for the past 13 years, after relocating from his native Canada. The amateur golfer previously represented the Cayman Islands in the 2011 Caribbean Amateur Golf Championships in…

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Maples and Calder advises on ECAF I Ltd’s US$1.21bn ABS

Cayman Islands | 29 July 2015: Maples and Calder advised ECAF I Ltd (the “Issuer”) on the Cayman Islands legal aspects of its US$1.21 billion asset backed securitisation of a diverse portfolio of 49 aircraft with an initial appraised value…

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Improving the Cayman Islands product: FATCA and the adoption of third party rights

Article by Mark Matthews From Maples and Calder Updated July 29 2015 Over the past year, a number of legislative measures have been adopted to ensure that the Cayman Islands remains the leading jurisdiction of choice for structured finance and…

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Statement from Pre-JMC meeting

HAMILTON, Bermuda – We, the elected Leaders and Representatives of the Overseas Territories, met on 23rd – 24th July 2015, to discuss issues of mutual interest and the forthcoming Joint Ministerial Council Meeting (JMC), with UK Ministers to be held…

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Mainland property developer avoids winding-up after Hong Kong court decision

By Julie Chu From South China Morning Post Rightway is a company incorporated on the Cayman Islands, developing properties mostly in Dalian and Beijing. A mainland property developer that is indebted to the tune of more than US$547 million has…

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Cayman Islands Mutual Funds – Cancellation of Licence or Certificate of Registration and changes to Audit Waivers

By Kevin C. Butler, Craig T. Fulton From Conyers Dill & Pearman Cayman Islands Monetary Authority Rule and Regulatory Procedure on Cancellation of Licence or Certificate of Registration of Regulated Mutual Funds On 30 March 2015, the Cayman Islands Monetary…

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It’s Friday [soon come]

It’s Friday. It’s summer. Here are 10 excuses you can use to leave work early By Zach Epstein From BGR Best Excuses For Leaving Work Early It’s Friday afternoon, it’s gorgeous outside, and you’re sitting at your desk staring out…

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Jamaican college nabs major investor partner

The University College of the Caribbean (UCC) located in Jamaica is aggressively advancing its strategic plans to become the first private university college in the Caribbean to go public. This move, it is believed, would address the huge gap between…

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Forensic audit in Guyana reveals unauthorised transfers from PetroCaribe fund

From Caribbean News Now GEORGETOWN, Guyana (GINA) — Aerswar Deonarine, deputy chief executive officer (DCEO Administration) of the Guyana Power and Light (GPL) Company, and Carvil Duncan, president of the Federation of Independent Trade Unions (FITUG) and a director on…