International Human Rights Day 2012
Today, 10 December, 2012, the Human Rights Commission (HRC) joins the world-wide celebration of International Human Rights Day. This year marks the 64th anniversary of the ratification of the United Nations Universal Declaration of Human Rights. The United Nations’ General…
Strauss-Kahn reaches legal settlement with hotel maid
Former International Monetary Fund chief Dominique Strauss-Kahn has signed a settlement with a hotel maid who accused him of sexual assault, a New York judge says. Details of the 63-year-old’s agreement with Nafissatou Diallo will remain confidential, the judge added….
Chief Justice says complexity of insolvency litigation has increased considerably
Chief Justice Anthony Smellie gave the keynote address Friday (30 November) at the Recovery and Insolvency Specialists’ Association’s (RISA) inaugural training event. He welcomed RISA’s formation further to Cayman’s position “front and centre” in the global response to the worldwide…
Professor says radical reforms needed to strengthen anti-corruption
“Radical reforms are urgently needed to strengthen anti-corruption institutions throughout the Caribbean. The consequences of not doing so are grave and they lead to increased levels of poverty.” Rhodes scholar and Caribbean icon Professor Trevor Munroe made the above quote…
Boxing: Marquez finally wins one against old rival Pacquiao
Mexico’s Juan Manuel Marquez knocked Manny Pacquiao out cold with a vicious right hand at the end of the sixth round in Las Vegas yesterday, putting a sudden end to the fourth fight between the two boxers. Pacquiao had been…
Mushfiqur Rahim hails Bangladesh series win over West Indies
“We deserved to win this one-day series, judging by our performance since the Tests and our cricket skills. We would have at least drawn that first Test had we not made some mistakes. Bangladesh captain Mushfiqur Rahim on Sunday hailed…
Egypt crisis: Opposition shuns Morsi move
Opposition leaders in Egypt have rejected President Mohammed Morsi’s attempted compromise, which saw him scrap some of his powers but stick to a planned constitutional referendum. Halting the referendum has been a key demand of the opposition, and the leaders…
Mortgage Servicer Ocwen’s Rapid Growth
As of the beginning of October, Ocwen placed its servicing operations–which account for the vast majority of its revenue–into a subsidiary domiciled in St. Croix. Analysts expect the move to drive down Ocwen’s effective tax rate, which averaged nearly 37%…
CAACI exhibits at the 65th annual National Business Aviation Association
George Town, Grand Cayman, (November 2012) – The Civil Aviation Authority of the Cayman Islands (CAACI) exhibited at the 65th annual National Business Aviation Association (NBAA) tradeshow, held at the Orange County Convention Centre (OCCC) in Orlando, Florida on October…
China sees both industrial output and retail sales rise
China’s economic growth rate may be gathering pace again, as the government released strong industrial output and retail sales figures. Industrial production rose by 10.1% in November, compared with a year earlier, according to the official data from the National…
