Business in brief

Conyers Dill and Pearman

Conyers Dill employee of the quarter Carol Yochim has pledged 100 per cent of the cash award received to two on Island charities. Feed our Future which provides school meals to children in need in the Cayman Islands was one of the charities chosen by Carol. “I chose Feed our Future with the knowledge that my donation will assist in helping to feed children in our schools and families in need. Going to school hungry with no prospects of a meal all day is very sad so I want to thank Feed Our Future for their ongoing commitment to helping the children in our community. Please join me in sending whatever you can to this worthwhile organisation because our children are our future.”

Stacey VanDevelde of Feed our Future said too often, the only meal that school children receive is a school lunch. “And we are finding that more and more families are struggling with hunger for the first time in their lives. With the help of generous supporters like Carol we know that we can deliver one solution, that is to connect children to healthy, nutritious meals where they learn and play. With Carol’s support we are able to assure one hungry child school lunches for the entire school year. We are most grateful to the generosity of Carol for enabling this, together we are making a difference in a child’s life.

Ogier

On Saturday, 22 September, a team of volunteers from the staff of Ogier Fiduciary Services (Cayman) Limited and Ogier Cayman, together with family members and friends, took part in a “clean-up” project at The Pines Retirement Home. Following the recent move of residents and staff to the new premises, there was a need for a general cleaning of the old premises so that management can now use the building for new purposes, including an expanded laundry facility and a workshop.

A team of about 30 volunteers spent the morning sweeping, mopping, cleaning bathrooms and kitchens and washing down walls.

Terrie Farrington, Secretary of the Pines, gave the volunteers a tour of the impressive new facility.

“We were delighted that we could take part in such a worthwhile project. We had a very good turn out from our staff and a few hours of our time really made a difference,” said Fiona Barrie, chief operating officer of OFSCL.

Managing Partner Nick Rogers added: “Ogier is proud to have assisted with a number fundraising and community efforts this year. With the Ogier Stroke and Stride and the Ogier Art Award having taken place recently, we have reached out to the community at large and hope to continue offering our support with causes that positively impact our local and global society.

Alphasoft

For the fifth year, Alphasoft has donated computers or software to Triple C School. Alphasoft’s first year donation to Triple C School included computers for the administrators, followed by equipment upgrading of the student computer lab in the second and third year. In 2011, Triple C faculty and staff received new machines, which were needed and greatly appreciated.

This year, rather than equipment, the bulk of the donation was licensing for Microsoft Windows 7 for most of the computers in the school and Server 2008 R2 licensing to upgrade the servers. In addition, a new server machine rounded out this year’s contribution.

Rob Crysler, IT administrator at Triple C, said, “The ongoing support from Alphasoft has made a significant difference to Triple C, particularly in keeping up with the fast pace of obsolescence in the IT field. We are extremely grateful to Alphasoft for their commitment to Triple C School.”

The donations have helped in providing every student that has attended Triple C Middle and High School with six years of formal computer training in all aspects from word processing to website development and has applied that knowledge in multiple ways in their academic and artistic studies during their time in school.

Water Authority-Cayman

The Water Authority Board recently approved a $1,000 donation, to support the East End Primary School PTA. The donation will be used towards the Community After School Programme which was implemented last year with great success. The programme provides children with a fun and safe environment for them to learn and play in after school. Since the programme began a significant improvement in the school’s academic and general performance has been noted. With the continued support of local organisations, the goal of having educated well rounded and independent thinking children will become a reality.

Water Authority Director, Gelia Frederick-van Genderen said the Water Authority is pleased to support the EEPS PTA’s Community After School Programme which is helping to provide the children of the Cayman Islands with equal opportunities by expanding their range of knowledge in all areas to include music, dance, drama, physical education and literacy. “The education of our children is crucial to the development and future of the Cayman Islands and great care needs to be taken to ensure they have every opportunity available to them. We wish the children and families of the EEPS all the best for the 2012/2013 school year,” she added.

The EEPS PTA noted the Water Authority’s support of the school and its student focused programmes since 2009. “We are pleased that Water Authority has once again found it possible to support our programmes as we continue to deliver a sound and balanced foundation for our students at East End Primary”.

Otis Air Conditioning

ABM a provider of integrated facility solutions, announced that its subsidiary Linc Network, LLC has signed a franchise agreement with Otis Air Conditioning Ltd., a heating, ventilation, air conditioning and refrigeration service provider based in George Town. Otis Air Conditioning is the network’s first contractor located in the Western Caribbean.

“We welcome Otis Air Conditioning to our network,” said Bert Kendall, chief operating officer of ABM Franchising Group. “Otis Air Conditioning’s industry experience coupled with our proven processes will allow them to expand their presence in the Cayman Islands and further distinguish themselves from competitors by providing world-class services for clients. Additionally, this is an important step in the ABM family’s continuous drive towards expanding internationally.”

Otis Air Conditioning will be a part of ABM’s Linc Service network, specialising in meeting the mechanical service needs of clients across multiple markets – from commercial office buildings, educational institutions, and municipalities to hospitals, data centres and industrial facilities.

“We are absolutely delighted about joining ABM Franchising Group,” said Jane Peck, General Manager for Otis Air Conditioning. “The knowledge and expertise shared among the franchise network will help us provide our existing and future clients with reduced owning and operating costs.”

Incorporated in 1993, Otis Air Conditioning offers services in engineering, design, installation, maintenance and energy management.

“We believe that Otis Air Conditioning becoming a Linc Service contractor will bring a new, diverse outlook to building maintenance here in the Cayman Islands,” said Sean Hill of Otis Air Conditioning.

JN Money Services

JN Money Services said the company experienced growth in its business from the United States of America during the first six months of the year. Leesa Kow, general manager noted that this was in line with national growth figures published by the Bank of Jamaica, showing that remittances to Jamaica surpassed US$1 billion and are expected to grow further, although the BOJ cautions inflows could be affected by continued debt challenges in Europe and difficulties in the US job market.

“In line with World Bank predictions, remittance inflows to Jamaica have been strengthening generally, and the year 2011 ended with inflows at their highest levels in a decade for a calendar year. This trend is expected to continue throughout 2012 for JN Money Transfer, given the anticipated returns from marketing initiatives and the Jamaica 50 celebrations,” Ms Kow said.

While economic conditions in source countries, such as the USA, have improved when compared to 2008, Miss Kow noted that JNMS, a subsidiary of Jamaica National Building Society, had made several strategic moves during the three-year period, 2009-2012, which have also contributed to the improving inflows under its JN Money Transfer brand.

“JN Money Transfer has been consistent in its performance over the past three years, strategically expanding in several markets where we had an established presence,” Miss Kow explained.

The company added two new branches in Queens and Brooklyn, New York, in the latter months of 2011; and opened new branches in Ontario, Canada; as well as in Manchester, in the United Kingdom, while adding several new agents to bring its total network to 350 branches and agents across the North America, the Caribbean, the UK and Ghana, Africa. In addition, the company acquired the QuikCash operation in the Cayman Islands in 2010.

Walkers

In a ground breaking development for the legal training of Caymanians, Nadine Watler, an articled clerk with Walkers, will complete a portion of her articled clerkship in Singapore, gaining a new perspective on the practice of Cayman Islands law.

Although the Legal Practitioners Law states that articled clerks must be trained by an attorney in the Cayman Islands with a current Cayman Islands practising certificate, a special approval granted by the Legal Advisory Council means the two months Ms. Watler will spend in Singapore – as part of her five month Finance & Corporate seat – will constitute valid legal training. This will be the first time that a Caymanian trainee attorney will complete a part of their articled clerkship outside Cayman.

This exciting move will take place this week, when Ms. Watler will transfer from Walkers’ Cayman Islands headquarters to the firm’s Singapore office where she will complete two months training under the guidance of Walkers partner David Collins, who heads the Finance practice in Singapore.

Currently training as an articled clerk with Walkers, Ms. Watler is spending 18 months rotating through all of the firm’s practice areas, including Finance & Corporate, Investment Funds, Trusts and Insolvency & Corporate Recovery. Twelve months through the training period at present, Ms. Watler is scheduled to be called to the Cayman Islands Bar in March 2013.

“We are delighted and extremely grateful that the Legal Advisory Council has approved this novel training secondment. Nadine’s experience in Singapore should help to give her a sense of how our clients in Asia use Cayman Islands legal services, as well as an understanding of the important role played by our overseas offices in selling the Cayman Islands as a jurisdiction to clients in the region,” Mr. Collins said.

“Alongside our commitment to developing the next generation of Caymanian legal talent, Walkers is always looking at ways that we can invest in the personal development of our staff,” said Antonia Hardy, Managing Partner of Walkers’ Cayman Islands office. “Training opportunities in our international offices are an excellent mechanism by which our trainee attorneys can receive new perspectives and multi-jurisdictional experience at an early stage in their legal career.”

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