cayman

After 51 Years, a Caribbean Legal Career Comes to a Close in Cayman

The US Downgrade’s Impact on Cayman

The recent downgrading of the United States’ federal debt rating by Standard and Poor’s may not impact Cayman in the near future, but US developments will continue to have a significant impact on the island chain. “Cayman will largely be …

Chinese Companies Setting Up in Cayman

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 …

Texaco to Sell Cayman, Jamaica Properties

Following the purchase of 174 gas stations in the Eastern Caribbean by Vitogaz, a subsidiary of French petroleum company Rubis, Texaco is putting its stations in Cayman and Jamaican on the block. The initial deal included stations in 11 countries, …

Green Building Council Heads to Cayman

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 …

Questions over Cayman-China Port Deal

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 …

Chinese Firm to Build Cayman Port

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, …

U.K. Won’t Approve Cayman Budget

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 …

Cayman Passes Changes to Companies Law

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 …

Cayman, IRS Meet on U.S. Foreign Tax Compliance Statute

Cayman Premier McKeeva Bush Cayman Islands Premier McKeeva Bush led a Cayman delegation to meet with the United States Internal Revenue Service’s Deputy Commissioner, Michael Danilack, along with other senior officials to discuss implementation of the Foreign Account Tax Compliance …

Cayman to Enforce Libya Sanctions

Cayman Islands Attorney General Samuel Bulgin The Cayman Islands financial industry is preparing for restrictive measures to execute U.N. Security Council and European Union sanctions against a number of Libyan nationals and entities. Cayman’s Attorney General, Samuel Bulgin, who is …