Business in Brief: SME workshop set for May 12

The next Cayman Islands Chamber of Commerce SME workshop, titled “Tips for Developing and Running a Website,” will be held on May 12.

This week’s workshop was a great success, with attendees packing the conference room for the seminar on retail potential, organizers said.

Guest speakers for the session included senior consultant Samantha Widmer, operations and merchandising specialist Alexandre Tabacoff, and communications and social media marketing consultant Trina Savage, all of whom work at Savage Consulting.

The speakers also invited the audience to participate with questions throughout the session, heightening their involvement and enhancing the personal nature of the workshop.

Mark Watler, owner of Funky Tang’s, found the session “very informative and well put together. It was a good learning experience and provided positive thoughts on how to move your business forward positively.”

To register and secure a seat for the next workshop, contact Trisha at [email protected] or on 743-9123, or go online at

Hurley’s Media raises nearly $20,000 for Cancer Society

Hurley’s Media raised $19,805 for the Cayman Islands Cancer Society at the Ice on Ice Casino Night on April 22. All proceeds from the event will be used to support the Cancer Society, organizers said.

The event at The Ritz-Carlton, Grand Cayman, which drew 500 people, featured gaming tables that allowed donors to win casino chips for prizes awarded at the end of the night.

Also, four half-carat diamonds from Island Jewelers were given away to lucky participants.

“We’re thrilled with the results of Ice on Ice,” said Jennifer Weber, operations manager of the Cancer Society. “As an independent organization, we have the ability to have money raised in Cayman stay in Cayman. When a company like Hurley’s Media organizes amazing events like Ice on Ice, it helps us increase our ability to provide education, outreach and direct help to Cayman cancer patients.”

Hurley’s Media Managing Director Randy Merren said, “Charitable giving is at the heart of our business, and we believe it’s our responsibility to support organizations that develop strong programs that benefit the community. We truly believe that we should do everything we can to support the community we all work and live in.”

Samuel Banks, counsel, Appleby
Samuel Banks, counsel, Appleby

Appleby counsel speaks at key insurance events

Caymanian attorney Samuel Banks recently spoke on behalf of international law firm Appleby at two prestigious insurance industry events.

In early April, Mr. Banks presented at the Offshore Investments Roundtable in Miami, where he discussed the history and impact of FATCA and the Common Reporting Standards, as well as recent developments in Bermuda, the Cayman Islands and Ireland.

“I was honored that our friends at Knighthead Annuity and Assurance Company invited me to speak to this notable group of attendees at the Offshore Investments Roundtable for the first time,” said Mr. Banks. “Because of the intimate setting, the discussion was very lively and there were energetic exchanges on the ever-changing landscape of international tax reporting obligations and automatic tax-information exchange agreements, particularly the challenges that foreign financial institutions face in balancing opportunities and risks in the context of FATCA and CRS.”

Later the same week, Mr. Banks was invited to address the international “Reinsurance Under ‘40s” group during their visit to the Cayman Islands on their annual educational tour of reinsurance hubs.

Mr. Banks’s presentation provided a history and overview of Cayman’s legal framework, with emphasis on the cooperative efforts it has made to lead by example in the international financial community.

His presentation included a discussion on how Cayman has set world-class transparency standards through international legal and regulatory assistance treaties and tax information exchange agreements.

Mr. Banks ended the presentation by highlighting recent innovations regarding statutory policyholder protections enshrined in the Insurance Law, 2010.

Appleby Partner Simon Raftopoulos said, “We, as a firm, are pleased to be able to contribute in getting the message out about the Cayman Islands and expanding the knowledge of the next generation of leaders in the global reinsurance sector.”

Samuel Banks is counsel and a member of the Corporate Finance, Private Equity and Insurance teams within Appleby’s Corporate Department.

From left, Chris Young and Bhavesh Patel from Forbes Hare and Justice Charles Quin following the attorneys' admission to the Grand Court in Cayman on April 21.
From left, Chris Young and Bhavesh Patel from Forbes Hare and Justice Charles Quin following the attorneys’ admission to the Grand Court in Cayman on April 21.

Forbes Hare expands Cayman litigation practice

Bhavesh Patel has been admitted as an attorney in the Grand Court of the Cayman Islands.

Patel joins the Cayman litigation department of Forbes Hare headed by Chris Young.

Patel has been an integral part of Forbes Hare’s British Virgin Islands litigation team since 2013 and joins from their London office, where he has worked on insolvency matters, commercial disputes and contentious trusts. Prior to joining Forbes Hare, he was an associate with Herbert Smith Freehills in London. While at Herbert Smith he was seconded to their Paris office and to the in-house litigation and regulatory teams at UBS and RBS.

Forbes Hare partner, Mr. Young, said, “We are delighted to welcome someone with Bhavesh’s ability and enthusiasm to the Cayman team. He brings some excellent experience and a vast pool of contacts that I am sure he will put to good use for the firm and its clients. Forbes Hare is undergoing a period of growth and we are sure that Bhavesh will play a key role in the future of the firm in the Cayman Islands.”

Mr. Patel said, “Forbes Hare continues to expand its reputation and is well-regarded in the offshore legal world. I hope to expand the firm’s presence in Cayman. The current environment is a challenging one for offshore jurisdictions. However, Forbes Hare is going through an exciting phase of growth, and this is a great time for me to join the team here.”