Laws
Premier agrees new offshore regime will boost population
(CNS): The offshore legislation that government steered through the Legislative Assembly on Monday to avoid being placed on the latest European Union blacklist will likely fuel population growth in the Cayman Islands, Premier Alden McLaughlin has told the Legislative Assembly, echoing recent statements by opposition MLA Chris Saunders. As he defended the eleventh hour bills, McLaughlin […]
Offshore laws pave way to major population growth
(CNS): Chris Saunders, the opposition spokesperson on financial services, believes that government should have had a much more open and honest conversation with the people of the Cayman Islands about the draft laws coming before Legislative Assembly on Monday, which many say will turn the local financial industry on its head. Saunders told CNS that […]
New laws to shake up offshore sector
(CNS): Government has unveiled three new bills that will result in fundamental changes to the way some exempted companies do business in the Cayman Islands. Just weeks before the European Union’s deadline for offshore financial centres to address requirements over what it sees as unfair tax practices in order to dodge the latest black-list, Financial […]
Preventing release of personal information
I’ve been hearing a lot about GDPR (General Data Protection Regulation) lately, most recently on the ‘60 Minutes’ programme. The list of registered voters in Cayman is public, with voters’ names, residential addresses, and occupations. Doesn’t that fall afoul of GDPR, or the local data protection laws?
CIG looks to smooth local charity troubles
(CNS): More than 400 churches, sports clubs, community groups and charities in the Cayman Islands that are registered with government have been experiencing major administrative headaches as a result of the Non-Profit Organisations Law, 2017, which was implemented to deal with the risks posed by offshore non-profit entities. So, in moves to help local charitable organisations […]
Law reformers examining foreclosure regime
(CNS): The Law Reform Commission has circulated a new discussion paper seeking public input about the need, or not, for new legislation regarding the issue of home loans and foreclosures. The commission said there had been a heightened level of public concern about the number of such procedures, the process by which banks seize people’s […]
Gambling law change stalled for further review
(CNS): Government’s plans to review the gambling law to increase the penalties have been stalled. An amendment bill was supposed to go before the Legislative Assembly for debate during last month’s meeting but the draft law never made it to the order paper, as officials have now revealed that other provisions in the existing laws […]
Date set for UK-CIG constitutional talks
(CNS): After almost six months of trying to secure a meeting with the British government to discuss the constitutional relationship between Cayman and the UK, the premier has confirmed that talks have now been set for next month. Alden McLaughlin said that after the Overseas Territories Joint Ministerial Council meeting in London, he will head […]
Premier: All imports could pose threat
(CNS): There is a potential threat to national security or of duty evasion by almost everything that is imported into the Cayman Islands, the premier said Wednesday, explaining why the revenue collection function of the Customs Department as well as its enforcement arm is being transferred to the new Customs and Border Control Agency. Presenting […]
WORC bill gets full backing of MLAs
(CNS): The Legislative Assembly has given its backing to overhaul the current immigration system with the introduction of a new labour agency dealing with the management of work permits as well as the development of local workers. In the LA on Monday, Premier Alden McLaughlin said the bill to create the Workforce Opportunities and Residency […]
Legislative Assembly faces tight agenda
(CNS): The Legislative Assembly is due to begin proceedings today in the last meeting for 2018. Facing a packed agenda, MLAs will be debating around 18 bills and dealing with a number of other pieces of government and opposition business in what is planned to be a short three-day session.
