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Month: July 2015

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IPs predict rise in cross-border invasion [Cayman Islands preferred]

By Richard Crump from Accountancy Age INSOLVENCY practitioners expect to see a hike in cross-border insolvencies with the Cayman Islands pinpointed as a preferred offshore jurisdiction. Research commissioned by Grant Thornton and barristers chambers South Square, found that around two…

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Premier, Deputy Governor deliver message to civil servants

GRAND CAYMAN, Cayman Islands – Premier Hon. Alden McLaughlin along with Deputy Governor and Head of Civil Service Hon. Franz Manderson have delivered a message to members of the Civil Service of the Cayman Islands. The message, which is attached,…

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Caribbean Countries demand removal from EU Tax Haven List

From Latin American Herald Tribune SAN JUAN – The Organization of Eastern Caribbean States said it is determined to have 13 Caribbean countries removed from the European Union’s list of 30 international tax havens. “We said we are going to…

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Punch ‘n Play is Back

Foster’s Food Fair-IGA stores are buzzing with excitement now that one of their most popular promotional games is back for the summer. Punch ‘n Play, an eight-week, scratch card game gives customers the chance to win prizes just for shopping…

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A quick guide to Directors’ Duties in the Cayman Islands

From Mourant Ozannes The duties of directors of companies incorporated in the Cayman Islands are governed primarily by the Companies Law (2013 Revision) (the Law) and precedents established by the common law. The Statement of Guidance for Regulated Mutual Funds…

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Cayman Islands electoral district maps at libraries/Meetings begin/ 19 seats proposed

1. The new proposed electoral district maps are available for viewing at the respective district public libraries on both Grand Cayman and Cayman Brac. A full set of maps is also available for viewing at the Elections Office, and at…

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Interval International adds Morritt’s Grand Resort in Cayman Islands to its portfolio

By Anna Ridley From The Holiday Place Interval International has announced that it has added the Morritt’s Grand Resort in the Cayman Islands to its portfolio. The resort will be located on a white sand beach on Grand Cayman next…

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Injunctive and disclosure orders in aid of foreign proceedings: Classroom Investments Inc

By Simon Dickson Jonathan Moffatt From Mourant Ozannes Cayman Islands, Hong Kong June 30 2015 In the recent decision in Classroom Investments Inc v (1) China Hospitals Inc. and (2) China Healthcare Inc. (Smellie CJ presiding) the Grand Court of…

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Guide to Schemes of Arrangement in the Cayman Islands

Appleby CONTENTS PREFACE 1. What is a Scheme of Arrangement? 2. How are Schemes used? 3. What Procedures must be followed? 4. What are the Benefits of using a Scheme? 5. What are the Drawbacks of using a Scheme? 6….

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As GC to AME Church, Atlanta bond lawyer witnesses Charleston funeral

By Meredith Hobbs, From Daily Report Doug Selby, an Atlanta bond lawyer at Hunton & Williams, was an eyewitness to history last Friday. As the general counsel of the African Methodist Episcopal Church, Selby sat on the dais with other…