By Alric Lindsay According to a publication in the Cayman Islands Gazette dated December 2, 2024, Richard Parchment has been appointed the new chairman of the board of directors of the National Roads Authority. His appointment expires on May...
Regulatory
Travellers: Duty-Free Items Rise From $500 To $1,000 Between December 2024 & January 2025
3 minutes read
By Alric Lindsay According to the Customs Tariff (Amendment of Schedule 2) Order, 2024, published on November 29, 2024, the Cabinet has amended the schedule of duty-free items to allow travellers to import baggage and household items with a...
Exploring Actions The Courts May Take When Property Owners Face Daily Penalties Of $1,000 For Unresolved Planning Breaches.
7 minutes read
By Alric Lindsay Over the past few weeks, the Courts heard a wide range of planning enforcement matters, mainly related to structures added to properties without planning permission. Under the Development and Planning Act, the ideal solution is demolishing...
Securities and Exchange Commission Press Release Yesterday, November 20, 2024, the Securities and Exchange Commission charged Gautam Adani and Sagar Adani, executives of Adani Green Energy Ltd., and Cyril Cabanes, an executive of Azure Power Global Ltd., for conduct...
By Alric Lindsay Historically, when you thought of a non-executive director of an offshore fund, you pictured a retiree accepting a limited number of appointments to earn a passive income. The onshore and offshore regulatory landscapes have since evolved,...
OfReg Press Release OfReg is aware of telecommunications outages affecting mobile calls between Flow to Digicel as well as some fixed line business customers. Flow to Flow calls are working as are Digicel to Digicel. However, calls between the...
OfReg Approves New Consumer Owned Renewable Energy Programme Rates: “CORE-Renew – Clean Energy For Cayman Powered By You Programme”
5 minutes read
OfReg Press Release Following much deliberation on the status of the Consumer Owned Renewable Energy (‘CORE’) programme and having taken into account the apparent lacklustre demand for CORE under the previous fee regime, utilities regulator OfReg confirms that it...
Financial Action Task Force Press Release The FATF has made major changes to the criteria for putting countries on its lists to relieve pressures on least developed countries and focus on those countries posing greater risks to the international...
By Alric Lindsay Today, October 9, 2024, the Honourable Justice Asif KC dismissed all grounds of an appeal by Julius Armstrong against immigration authorities. It was argued on behalf of Armstrong that his pension contribution should have been considered...
Hayley Barnard to Deliver Keynote on Gender Inclusiveness at the 4th Annual Spectrum Conference.
6 minutes read
Spectrum Press Release The 4th annual Spectrum Financial Services Conference is set to make waves this year, with a dynamic lineup of speakers, headlined by Hayley Barnard, CEO of Mix Diversity Developers. Barnard, a global thought leader in diversity...