Cayman News

GRAND CAYMAN, Cayman Islands, July 17, 2018 With economic growth projections surpassed for 2017, analysts say the Cayman Islands is enjoying an economic boom. The latest report from the Cayman Islands Economics and Statistics Office shows the jurisdiction’s GDP grew by 2.9 per cent in 2017, a jump from the 2017 third quarter projection of 2.4 per cent. The...

The Cayman Islands Stock Exchange exceeded its targets for revenue, net income, cash at year end, and several other metrics during the period between July 1, 2016 and Dec. 31, 2017, according to its latest annual report. The stock exchange’s $3,083,106 in revenue slightly exceeded its goal for that period, as well as the $1,941,948 in revenue it earned...

The partners of Bedell Cristin have announced a plan to merge with Cayman-based law firm, Solomon Harris. It is hoped that the deal will complete by the end of August, and Solomon Harris will rebrand as Bedell Cristin at a later date. Founded in 1998, Solomon Harris is a full service law firm employing 28 people in Grand Cayman....

Fewer companies wound up operations in Cayman last year as opposed to 2016. These are the findings of the Offshore Corporate Insolvency Restructuring Annual Review 2017 compiled by Appleby. For 2017 40 companies filed insolvency petitions in the Cayman’s jurisdiction, as opposed to 70 in 2016. Dispute resolution partner at the firm, Tony Heaver-Wren, says decreases or increases in...

The Cayman Islands has requested talks with the UK over its constitutional status in response to the plan to introduce public bebeficial ownership registers to overseas territories.   Via: International Tax Review