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Day: May 2, 2018

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Statement by Cayman Islands Deputy Governor Hon. Franz Manderson regarding public concern regarding waste collection

The Cayman Islands Civil Service is committed to “Making the Lives of Those We Serve Better”.  While there are vivid examples of how the civil service routinely delivers against this commitment, I am sorry that our waste collection team has…

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Cayman and Bermuda haven’t a legal leg to stand on

By Richard Murphy From Tax Research UK This is interesting. The Guardian has reported that The Cayman Islands government said it was considering legal action in an attempt to stop the UK making the overseas territory open up its company…

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Caribbean Utilities Company, Ltd Announces Unaudited First Quarter Results for the Period ended March 31 2018

PRESS RELEASE PR Newswire May. 1, 2018, 10:06 PM  Caribbean Utilities Company, Ltd. is listed for trading in United Statesdollars on the Toronto Stock Exchange GRAND CAYMAN, Cayman Islands, May 1, 2018 /CNW/ – Caribbean Utilities Company, Ltd. (TSX: CUP.U)…

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Cayman Finance responds to vote by U.K. House of Commons to disregard the Cayman Islands’ leadership on transparency and verified ownership standards

Jude Scott, CEO of Cayman Finance, issued the following statement about a vote by the U.K. House of Commons to amend the proposed Sanctions and Anti-Money Laundering Bill to require public ownership registers in the Cayman Islands and other British…

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The real beginning of the end for tax havens has begun

By Richard Murphy From iNews The Essential Daily Briefing As the government agrees to calls for new measures aimed at increasing transparency in tax havens, tax justice campaigner Richard Murphy hails a momentous victory. Fifteen years ago John Christensen and…

The Editor Speaks: Did you forget St George’s Day?

Last Monday 23rd April was St. George’s Day. Did I mention it in an Editorial? No. Did I forget it? No. Did I celebrate it? No. However, I did visit a St George’s Day event held on that day. Where…

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Cayman Airways eyes western US flights in 2019

From ch – aviation Cayman Airways (KX, Grand Cayman Island) is planning to launch maiden flights to the western United States early in 2019, Cayman Islands Tourism Minister Moses Kirkconnell has said during a meeting with the business community, as…

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Richard Coulson’s Business Bites: Blacklisting – Why not fight back?

By RICHARD COULSON From Tribune242 I have just read press reports that another bill has been tabled in the House to avoid blacklisting, by satisfying – better read “appeasing” – the European Union (EU) in its campaign to extract full…

Cayman Islands: Maples Group Acts on Aircraft Securitisation for Sapphire Aviation Finance

Maples and Calder advised Sapphire Aviation Finance I Limited, as issuer, and Avolon Aerospace Leasing Limited, as seller, as to Cayman Islands and Irish law in connection with a US$768.4 million offering of aircraft asset backed fixed rate secured notes…

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Property platform taps interest for digital payment

By Deepthi Nair From Khaleej Times Investors can use digital currency to buy a token and benefit from proceeds of a property portfolio  Imagine if you could buy and sell a real estate asset at the click of a button?…