Vekselberg wins Faberge case in the Cayman Islands
Oligarch Viktor Vekselberg has won a legal battle with mining tycoon Brian Gilbertson over ownership of the Faberge Egg Company. But the victory is only symbolic with no compensation awarded. With a private collection worth more than $100 million Russian…
Caribbean Airlines denies refusing to hire Jamaicans
From Stabroek News General Manager of Caribbean Airlines (CAL), Jamaica Operations, Clive Forbes has dismissed claims that the airline has refused to employ Jamaicans. Forbes said CAL, which operates the Air Jamaica brand, is promoting the best of skills set…
Proposed stamp duty increase on Caymans’ real estate
The Cayman Islands government’s newest revenue raising measures include a proposal to increase stamp duty on the sale of real estate to 7.5 percent. The current situation means Caymanians and non-Caymanians pay different rates of duty (4 percent and 6…
Unicredit ‘in US Iran sanctions breach investigation’
Unicredit has confirmed it is co-operating with a US investigation into a possible breach of sanctions. The bank is thought to have broken sanctions against Iran, according to reports by the Financial Times and Reuters, although this has not been…
What’s Been Found in the Bain Document [Cayman Islands] Dump So Far
Elspeth Reeve Aug 24, 2012 Gawker’s John Cook got 950 pages of documents from Mitt Romney’s Bain Capital holdings in the Cayman Islands, but not being a financial expert, he crowd-sourced their meaning. The Internet hoards — actually, financial reporters —…
Stop calling National Building Fund a “slush fund” shouts premier
Cayman Islands Premier, Hon. McKeeva Bush shouted at his critics once again in the Legislative Assembly last Thursday (23) saying they were “vindictive”. He was defending his National Building Fund (NBF) of $4.6M that has been included in his Budget…
Cayman Islands Based Gawker Media Attacks Mitt Romney for Cayman Island Assets
Posted by Erick Erickson (Diary) Thursday, August 23rd at 5:51PM EDT This is actually pretty hilarious. Gawker, the site that has spent lots of time also ridiculing Sarah Palin and Trig Palin and pretty much writing every other offensive thing…
Vaz steps aside – Politician, senior cop to face court Sep 5
BY PAUL HENRY Crime/Court coordinator [email protected] MEMBER of Parliament Daryl Vaz yesterday morning stepped down from his shadow minister post for the Opposition Jamaica Labour Party (JLP), as a result of damning corruption allegations over which he and his two…
Camana Bay Set To Open One Of The Islands’ First Electric Vehicle Charging Stations
Environmentally-conscious residents will soon get a charge out of Camana Bay as the Town Centre’s two public electric vehicle charging stations near completion. Powered by five kilowatts of solar panels fitted atop the Forum Lane Parking Garage, the stations are…
UK’s nod has conditions
The Government has confirmed the UK’s Foreign and Commonwealth Office (FCO) has given its ‘nod of approval’ to the $567M spending plan in the Cayman Islands 2012/13 Budget. However, there are conditions: The *Passage of the UK-Cayman agreement known…
