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UK Minister confirms commitment to Cayman Islands, OTs

GRAND CAYMAN, Cayman Islands – Minister for the Commonwealth Baroness Joyce Anne Anelay has assured the Overseas Territories of her commitment and eagerness to champion their interests in the United Kingdom as Britain exits the European Union. “I wanted to…

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Ogier supports special needs initiatives in the Cayman Islands

Ogier recently made a donation of $2,500 to the 9th Annual Open Arms Gala in support of Rotaract Blue Cayman Islands. Rotaract Blue Cayman Islands is a leadership and community-service based organisation that established the Open Arms Program in 2007,…

iNews Briefs & Community Events

  Cayman Islands Business Licensing Counter to close early on Tuesday (26) The Department of Commerce and Investment’s (DCI) Business Licensing Counter will close at 3pm tomorrow (Tuesday, 26 July), for a staff training event. The counter will resume its…

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Save Cayman Islands reef fish…19 August deadline for input to Conservation Plan

By Courtney Platt For those who may have missed it: Notice of Public Consultation: Fish Conservation Plan: The National Conservation Council invites public comment on a Species Conservation Plan for (reef) Fish. The Plan may be viewed at www.DoE.ky/fish-conservation and…

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Butterfield Reports Second Quarter Profit

Butterfield Reports Second Quarter Profit Q2 2016 core earnings(1) of $32.1 million, up $4.3 million (15.2%) over Q2 2015 Q2 2016 net income of $29.8 million, up $6.5 million (27.7%) over Q2 2015(3) Core earnings per share of $0.06, up…

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The ‘Stolen Money’ mentioned by US Justice Dept belongs to IPIC and not 1MDB, says blogger [Guarantee Deed by Cayman Islands fund]

From Malaysian Digest In its widely publicized move to seize assets believed to be bought using funds which the US Department of Justice (DoJ) says is stolen from 1MDB, a point of contention has arisen as 1MDB says it is…

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Negative International perception affecting correspondent banking for Jamaican banks

From Jamaican Gleaner At least two local banks say Jamaica is finding it difficult to do correspondent banking with overseas banks because of the negative perception international banks have of the Caribbean region, even though they are in compliance with…

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Algosaibi Groups signs Settlement Agreement

Algosaibi Groups signs Settlement Agreement with Claimant Steering Committee – largest trial in history of the Cayman Islands begins in AHAB case against Al Sanea Liquidators AL KHOBAR, Saudi Arabia, July 24, 2016 /PRNewswire/ — Coinciding events in the last…

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Leave for Cayman derivative actions – international or domestic only?

From APPLEBY Overview The rules of court in the Cayman Islands control shareholders’ entitlement to issue proceedings in the name of their company. A recent decision of the Appellate Division of the New York Supreme Court has confirmed that any…

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Farmers ready to join Caricom, Brexit

By Norman Grant From Jamaica Observer On Wednesday July 13, 2016, hundreds of the nation’s farmers met at the Denbigh showground in May Pen, Clarendon, as the Jamaica Agricultural Society (JAS) held its 121st annual general meeting (AGM) of the…