Wednesday, May 22, 2019

LATEST ARTICLES

Life’s little luxuries

If you feel like treating yourself, or you just happen to have extra thousands of dollars burning a hole in your pocket, you might want to consider a little luxury. Whether it is a possession or experience, these items certainly fall into that category.

Insurance: Drones, imaging tech could save insurers millions after hurricanes

Sitting at his desk on the second floor of the Saxon Centre on Eastern Avenue, Saxon technology manager Mitchel Wright pulled up a digital image of the Newlands area on his computer.

Cayman continues to refine and enhance its Trusts Law

On March 8, 2019, the Legislative Assembly approved a broad series of enhancements to the Trusts Law of the Cayman Islands as described in the Trusts (Amendment) Bill, 2019. While some of the enhancements are highly technical in nature, there are four key changes to be aware of.

Tax: Economic substance in Cayman — ‘I know it when I see it’

The Tax Cooperation (Economic Substance) Law has created a similar dilemma. It requires legal practitioners to advise, and government officials to determine, whether or not an entity is a relevant entity, and if is a relevant entity, whether or not it is carrying out a relevant activity.

Interest Rates: Don’t fight the Fed

In the current economic environment, in which the Federal Reserve has put a rate-hike campaign on hold and is set to end balance sheet reduction, citing increased risks to US economic growth, risk assets should outperform.

Financial Services: How cryptography unlocks next generation financial services

While we may not realise it, cryptography has been a part of our everyday life for the last decade – from our Facebook password to our Netflix account details – and now it is changing how people go about their financial business.

Cayman’s property market: ‘Don’t call it a boom’

Cayman’s real estate market is thriving by any measure. Total property sales reached a record $800 million last year, an 18 percent increase over 2017. The number of property transfers, at 1,857 transactions, was 9 percent higher year on year. Construction activity, meanwhile, continues unabated all over the island.

What CUC needs to do to go ‘green’

On Jan. 15, the Caribbean Utilities Company announced that government accepted its integrated resource plan, a road map for how the territory will produce its energy over the next 30 years.

Quality financials prompted Cayman National takeover

March 13 was a red-letter day for Cayman National Corporation Ltd. That was the day the Trinidad-headquartered Republic Group finalised its acquisition of Cayman National, making the territory’s only local bank local no longer.

Plastic-free push gains momentum

Plastic, the miracle material invented 112 years ago, has morphed into the scourge of the modern era. Reports abound about tons of plastic debris washed up on shores, swirling about in oceans and rivers and found inside the bodies of fish.

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