Cayman Islands
Chinese Companies Setting Up in Cayman
July 28, 2011 | 2:58 pm | 0 Comment
Many Chinese firms have chosen to create shell companies in the Cayman islands in order to control businesses back in China, according to the Wall Street Journal. Because they are in Cayman, they can issue American depository receipts that trade in New York exchanges, but manage to avoid some US securities laws. more...
In Cayman, Businesses Express Opposition to Gender Equality Bill
July 25, 2011 | 10:00 am | 0 Comment
By the Caribbean Journal Cayman's business community is opposing the government's proposed attempt at passing a bill regulating gender equality in the workplace. According to the text of a letter the government received from the Cayman Islands Law Society, Cayman businesses are anxious over the impacts of the law. "The Chamber supports anti-discrimination more...
Cayman to Create Technology District
July 18, 2011 | 11:23 pm | 0 Comment
By the Caribbean Journal staff Cayman Premier McKeeva Bush signed an agreement today with Cayman Enterprise City, Ltd in a deal that will give CEC the opportunity to build a special economic zone based on technology in Grand Cayman. "CEC represents an opportunity for the Cayman Islands to diversity its economic base," Bush said. The project, dubbed Cayman more...
Green Building Council Heads to Cayman
July 11, 2011 | 12:02 pm | 0 Comment
The Sailfish Estate in Sunrise Landing on Grand Cayman is the first LEED-certified private residential home built outside of the United States. LEED is the certification system of the United States Green Buildings Council, which rates the energy efficiency and sustainability of buildings. Developer GreenTech is the only company in the Caribbean to have one of its projects more...
In Cayman, an Unwelcome Tourist
July 5, 2011 | 10:45 am | 0 Comment
It may flutter innocuously, but the Papilio demoleus, or Chequered Swallowtail, is no friendly butterfly. The creature, which has recently been sighted for the first time in Cayman, has spread across the Caribbean with great intensity, from Jamaica to Puerto Rico and now, Grand Cayman. "Papilio demoleus arriving in the Cayman Islands is potentially bad news for us, more...
Questions over Cayman-China Port Deal
June 22, 2011 | 10:50 am | 0 Comment
Opposition members of Cayman's Legislative Assembly are questioning the decision by the government to make a deal with the China Harbour Engineering Company to build a new cruise port. "I would like to know if the governor, through the secretary of state, has given the premier authority to negotiate with a foreign country," said People's Progressive Movement member for more...
Chinese Firm to Build Cayman Port
June 17, 2011 | 11:36 am | 0 Comment
A CHEC visit to the Bahamas earlier this year (Photo: CHEC) Cayman Premier McKeeva Bush said he expects to sign an agreement with a Chinese developer to build a new port in George Town. The company, China Harbour Engineering Company, is working on a number of projects in the Caribbean. In April, China Harbour signed a memorandum of understanding with the Bahamas for more...
Cayman to Regulate, Tax Hedge Funds
June 14, 2011 | 1:37 am | 0 Comment
Premier McKeeva Bush By the Caribbean Journal staff Premier McKeeva Bush announced that Cayman's government would tax and regulate hedge funds for the first time, with the announcement coming in his budget address. "The Government will introduce a single revenue measure during the course of the 2011/2012 fiscal year," according to the text of his address. "The hedge more...
U.K. Won’t Approve Cayman Budget
May 23, 2011 | 7:07 am | 0 Comment
The United Kingdom will not sign off on Cayman's budget for the upcoming year without cuts to civil service personnel, it announced. The budget had been set for delivery to the Legislative Assembly May 23, but British concerns about personnel costs have become a major hang-up. "The U.K. says the present personnel cost is unsustainable," said Premier McKeeva Bush in a more...
Cayman Passes Changes to Companies Law
April 14, 2011 | 10:51 am | 0 Comment
Caymanian legislators passed three laws yesterday aimed at bringing financial services in the Cayman Islands in line with international standards. The three laws were the Companies (Amendemnt) Bill 2011 and two companion bills -- the Securities (Amendment) Bill and the Property (Miscellaneous Provisions) (Amendment) Bill. "This is the first round of critical changes to more...
