Thursday, May 8, 2008
 GEORGE TOWN, Cayman Islands: Six endangered blue iguanas were killed and two others injured at the weekend by one or more persons, who broke into the iguana habitat at the Queen Elizabeth II Botanic Park in Grand Cayman. The six iguanas killed ranged from 18 to 23 years old. read more...
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Thursday, May 8, 2008
 GEORGE TOWN, Cayman Islands: The Cayman Islands Department of Tourism has issued an official apology to a man who was detained by police after publicly kissing his boyfriend at a local bar last week. Meanwhile, a full investigation is being launched into the incident, read more...
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Wednesday, May 7, 2008
GEORGETOWN, Guyana: Guyana swamped the Cayman Islands 41-nil while Trinidad and Tobago fought hard for a come-from-behind 12-10 victory against Jamaica on the opening day of the Caribbean women’s rugby championship in Guyana. Careen Skeete opened Guyana’s scoring in the seventh minute. read more...
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Thursday, May 1, 2008
LONDON, England (AFP): There is too little regulation of financial services industries in British overseas territories like Bermuda and the British Virgin Islands, an official report said Wednesday. The study, by the House of Commons Public Accounts Committee, looked at Foreign Office activity in Britain's 14 overseas territories. read more...
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Thursday, May 1, 2008
NEW YORK, USA (Bloomberg): Basis Capital Funds Management Ltd's failed Cayman Islands hedge fund had its request for US protection dismissed, ending its petition for Chapter 15 bankruptcy. Basis Capital had sought the protection to guard against US lawsuits as it liquidated its funds in the Cayman Islands. read more...
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Saturday, April 26, 2008
 OKLAHOMA, USA: Michael Letterlough of the Cayman Islands continued his improvement in the hammer throw last weekend, after he upgraded his own national record in the event at the VS Athletics Beach Invitational in California, on Saturday. Letterlough finished sixth in the event won by American Eugene Bradley. read more...
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Thursday, April 17, 2008
 WASHINGTON, USA (Bloomberg): A US congressional investigation of tax evasion in the Cayman Islands will end with a "boring'' report that finds no evidence of wrongdoing, said Timothy Ridley, the Cayman Islands' top securities regulator. "The GAO is not going to find what the Senate Finance Committee wants... read more...
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Monday, April 14, 2008
WASHINGTON, USA (Bloomberg): Cayman Islands-based Herbalife Ltd, the seller of nutritional and weight-loss supplements, fell the most in five months in New York trading after a research group said the company may be engaged in fraud. Shares fell $2.66, or 5.5 percent, to $45.94 as of 4:15 p.m. on Friday. read more...
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Saturday, April 12, 2008
 KINGSTON, Jamaica (OPM): Attempts are being made to deepen cooperation between Jamaica and the Cayman Islands on areas of common interest, following a courtesy call on Prime Minister Bruce Golding at Jamaica House on Tuesday, April 8, by the governor of the Cayman Islands, Stuart Jack. read more...
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Tuesday, April 8, 2008
NEW YORK, USA (Reuters): The liquidators of two Bear Stearns Cos mortgage hedge funds that collapsed last year, filed suit on Monday against the company and its auditor, Deloitte & Touche [DLTE.UL], seeking to recover over $1 billion in losses. The suit is also seeking punitive damages. read more...
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Tuesday, April 8, 2008
 WASHINGTON, USA (Bloomberg): Former President Bill Clinton has earned $15.4 million from billionaire Ron Burkle's Yucaipa Cos. investment firm since 2003, according to tax documents released by his wife, presidential candidate Hillary Clinton. Yucaipa controls three funds located in the Cayman Islands. read more...
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Tuesday, April 8, 2008
NEW YORK, USA (Bloomberg): Basis Capital Funds Management Ltd's bankrupt Cayman Islands hedge fund has withdrawn a request for US court protection from creditors as it liquidates in the Caribbean nation. The Basis Yield Alpha Fund said that it wants to withdraw a request for protection under the US Bankruptcy Code. read more...
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Tuesday, April 1, 2008
 LONDON, England: At last week’s final evidence session of the House of Commons Foreign Affairs Committee (FAC) inquiry into the exercise by the Foreign and Commonwealth Office (FCO) of its responsibilities for security and good governance in the British Overseas Territories... read more...
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Saturday, March 29, 2008
GEORGE TOWN, Cayman Islands: Caribbean mobile tele-communications operator Digicel has welcomed a decision of the Cayman Islands Court of Appeal delivered on Thursday in which the court dismissed judicial review proceedings initiated by Cable & Wireless. read more...
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Saturday, March 29, 2008
 NEW YORK, USA (Bloomberg): Two Bear Stearns Cos. feeder funds that collapsed along with two of its bankrupt hedge funds won permission to wind down in the Cayman Islands. Chief Justice Anthony Smellie of the Grand Court of the Cayman Islands ruled February 22 that the funds will liquidate there. read more...
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Friday, March 28, 2008
GEORGE TOWN, Cayman Islands (Reuters): Standard & Poor's Ratings Services on Thursday said it kept its 'A' long-term corporate credit and senior unsecured debt ratings on Caribbean Utilities Co Ltd on CreditWatch with negative implications. The ratings were originally placed on CreditWatch on December 21, 2007. read more...
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Friday, March 28, 2008
 GEORGE TOWN, Cayman Islands: The Governor of the Cayman Islands, Stuart Jack, announced on Thursday that he has put three senior police officers on required leave to facilitate enquiries into allegations against officers of the Royal Cayman Islands Police Service (RCIPS). This action follows a separate investigation. read more...
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Thursday, March 27, 2008
WASHINGTON, USA (Bloomberg): Democratic presidential candidate Barack Obama put rival Hillary Clinton on the spot by releasing his full tax returns and challenging her to do the same. This could focus attention on her husband's financial interest in three investment entities registered in the Cayman Islands. read more...
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Saturday, March 22, 2008
 NEW YORK, USA (Bloomberg): Ace Ltd, the Bermuda-based business insurer, said the company has decided to move its legal home to Zurich from the Cayman Islands to bolster its image. "There is political and regulatory risk associated with the Cayman Islands,'' Evan Greenberg, Ace's chief executive officer, said. read more...
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Friday, March 7, 2008
GEORGE TOWN, Cayman Islands: The recently announced visit to the Cayman Islands by British Members of Parliament is not connected to this week’s visit to Grand Cayman by the US Government Accountability Office or any of the recent media reports involving the Cayman Islands, said a Cayman government official. read more...
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Friday, March 7, 2008
SAN FRANCISCO, USA (AFP): Julius Baer & Company Ltd has abandoned, for now, its legal quest to shut down whistleblower website Wikileaks. Julius Baer went after Wikileaks after the website posted copies of documents indicating the company helped customers launder money illegally through the Cayman Islands. read more...
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Friday, March 7, 2008
GEORGE TOWN, Cayman Islands: The Cayman Islands Red Cross, an Overseas Branch of the British Red Cross, has launched a powerful campaign raising awareness of HIV – by using t-shirts. HIV prevalence in the Cayman Islands is believed to be very low, with a total of about 80 known cases since 1985. read more...
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Thursday, March 6, 2008
GEORGE TOWN, Cayman Islands: Cayman Islands law firm Maples and Calder met with representatives of the US Government Accountability Office (GAO) on Tuesday as part of the GAO's investigation into the Cayman Islands financial industry and in particular the business activities of Cayman Islands companies. read more...
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Thursday, March 6, 2008
GEORGE TOWN, Cayman Islands (GIS): The governor of the Cayman Islands Stuart Jack has announced that the UK Foreign Affairs Committee of the House of Commons will visit Grand Cayman from 9 to11 March, as part of its inquiry into the Foreign and Commonwealth Office's exercise of its responsibilities. read more...
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Thursday, March 6, 2008
MIAMI, USA: Attacks on offshore financial centres for helping individuals and businesses in the world's major countries legally to reduce their tax liabilities are unwarranted, according to Tim Ridley, chairman of the Cayman Islands Monetary Authority and former senior partner with Maples and Calder. read more...
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Tuesday, March 4, 2008
ZURICH, Switzerland (AFP): Swiss private bank Julius Baer said Monday that a list of names of alleged tax dodgers which a former employee who was fired by Baer's Cayman Islands subsidiary is threatening to publish has been in the public domain for many years. read more...
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Monday, March 3, 2008
BERLIN, Germany (AFP): A former employee of Swiss bank Julius Baer's subsidiary in the Cayman Islands has threatened to expose people he says are avoiding tax in the Caribbean, a report said Sunday. Rudolf Elmer told Germany's Spiegel magazine he was in possession of the names of people hiding their money. read more...
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Monday, March 3, 2008
ZURICH, Switzerland (Reuters): Swiss bank Julius Baer denied on Saturday claims by a website that its Cayman Islands branch was used for tax avoidance schemes, one day after a US judge lifted an order that had shut down the site. Wikileaks.org republished claims by a former Baer employee. read more...
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Monday, March 3, 2008
 WASHINGTON, USA (Reuters): Congressional investigators will travel to the Cayman Islands this week to look into US companies operating offshore as governments worldwide take a tougher stance on tax dodgers. A Cayman government statement said GAO officials would meet with Cayman officials for briefings. read more...
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Friday, February 29, 2008
ZURICH, Switzerland (Reuters): Swiss bank Julius Baer facing an international backlash, defended on Thursday taking legal action to shut down a website that published what the site said were details of secret bank accounts linked to tax-avoidance schemes involving its Cayman Islands subsidiary. read more...
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More news from the Cayman islands...
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