OfReg Press Release It has come to OfReg’s attention that Infinity Broadband Ltd, D/B/A “C3”, which is an OfReg ICT Licensee which is under the management of Mr. Bryce Merren and Mr. Randy Merren and its directors, has issued...
Regulatory
CIIPA Press Release The Cayman Islands Institute of Professional Accountants (CIIPA) is proud to announce the launch of theCIIPA Code of Ethics (the Code), a significant milestone aimed at reinforcing the highest standards of ethical conduct amongst its members....
By Alric Lindsay At the Cayman Islands Directors Association’s “Educational Day” at Hotel Indigo yesterday, December 5, 2024, CIDA members received updates on key industry topics, including the new beneficial ownership regime, risks surrounding digital assets and governance. One...
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...
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...