Johnson Bank to close CI branch
Johnson Bank is closing a branch in the Cayman Islands that opened in 1998 to facilitate overnight deposit transactions for what the bank called a limited number of large commercial customers. The Johnson Bank branch in Grand Cayman handles so-called…
New magazine is simply Bliss!
Bliss Caribbean, the newest and most exciting magazine to hit the Cayman Islands, is a haute living magazine that features décor & architecture, weddings, cuisine as well as breath-taking gardens of the awe-inspiring Caribbean, unlike other publications in and around…
Collapse looms if projects don’t start
Business leaders have described growing frustration with trying to rebuild Cayman’s economy and put people to work, fearing the Islands are in profound danger if development projects do not start soon. In a series of full-page advertisements, at least 33…
Beacon Group acquisition
Cayman-based Caledonian Global Financial Services has announced the acquisition of the Beacon Group of companies, which is based in the British Virgin Islands and comprises Beacon Capital Management, Beacon Fund Advisors and Beacon Fund Administrators. Beacon is a provider of…
Maples and Calder top legal list
On 4 November 2011, independent legal directory “Legal 500” revealed the Cayman Islands law firm rankings in its 2011 edition. Described as “the best law firm in the Cayman Islands”, Maples and Calder was the only firm to consistently retain…
Improvement in operating income
Consolidated Water Co. Ltd. (NASDAQ: CWCO), which develops and operates seawater desalination plants and water distribution systems in areas of the world where naturally occurring supplies of potable water are scarce or nonexistent, today reported its operating results for the…
Emerald Sound on hold
Architect and spokesman for South Sound’s disputed – and possibly halted — Emerald Sound development yesterday regretted moves to block the development, but nevertheless hoped soon to break ground. Following reports that the United Democratic Party (UDP) had blocked approval…
PepsiCo, Tingyi Form Strategic Alliance in China
Taiwanese noodle and drink manufacturer Tingyi (Cayman Islands) Holding announced that it had signed an agreement with U.S. beverage giant PepsiCo Inc. to form a strategic alliance within the beverage business in China. According to the announcement, Tingyi-Asahi Beverages (TAB)…
Law firm heads to Big Apple
Grand Cayman – (November 3, 2011) – Leading International Financial Centre law firm Walkers returns to New York for the latest in its highly commended series of ‘Fundamentals’ seminars where industry experts will debate the key issues for hedge funds…
New associate at Applebys
Appleby’s Funds and Investment Services team has announced the recent addition of senior associate Matthew Taber. Matthew adds additional depth to the team of legal professionals that includes partners Bryan Hunter, Sabrina Leacock and Richard Addlestone. Matthew, previously a senior…
