Applicants for trade and business licenses are now able to have their police clearance certificates processed by the Department of Commerce and Investment.
When seeking a license, a business owner previously needed two business days to request and receive a certificate from the Royal Cayman Islands Police Service as part of the application.
Since Aug. 1 applicants can complete DCI’s Police Clearance application form, provide a certified copy of their passport’s photo page and submit this paperwork to the DCI with the RCIPS processing fee of $25, said DCI Director Ryan Rajkumarsingh.
“DCI will then request the certificate, and credit the fee, to the RCIPS. Once we have the certificate, we’ll add it to the person’s trade and business licence (TBL) application.”
All TBL applications, whether for new licenses or renewals, must be submitted at the Business Licensing Counter on the first floor of the Government Administration Building.
“Incorporating the police clearance request with DCI’s other functions will improve the business licensing process and reduce the possibility of delays with processing licensing requests,” Mr. Rajkumarsingh said.
He said the police certificate will be accessible only by DCI, which will keep a copy on file with the application. Anyone who needs the certificate for other purposes must approach the RCIPS themselves.
Accountants Institute calls for 2016 gala honorees
The Cayman Islands Institute of Professional Accountants is calling for Caymanian honoree submissions for its annual gala.
The categories for recognition are: Bachelor’s (Accounting), Master’s (Accounting), or achievement in a professional accounting designation.
CIIPA launched its first gala in 2008 to celebrate Caymanians who recently attained their professional accounting designations or accounting degrees.
Those interested in putting forward an honoree are asked to fill in a submission form, available online at www.ciipa.ky/awardsgala, or email email@example.com.
Submissions must include the person’s name, contact email and honoree category. All submissions must be received by Aug. 10.
For more information, contact the CIIPA office at 749-3360, or email firstname.lastname@example.org.
CUC declares dividend
Caribbean Utilities Company’s board of directors has declared a dividend of US$0.17 per Class A Ordinary Share, or an annualized dividend of US$0.68 per share. The dividend will be payable Sept. 15 to shareholders of record Sept. 2.
CUC provides electricity to Grand Cayman and is listed on the Toronto Stock Exchange.
New Walkers attorney admitted to Bar
Thea Maitland has been admitted as an attorney at law in the Grand Court of the Cayman Islands. Her application was moved by Walkers’ Global Managing Partner Ingrid Pierce before Justice Charles Quin on Aug. 3.
Ms. Maitland is Walkers’ 43rd articled clerk to be admitted.
She was born and raised in the Cayman Islands and attended John Gray High School, graduating in 2006. She completed an associate degree in social studies at the University College of the Cayman Islands in 2008 and a bachelor’s degree in 2010 at the University of Miami in Florida.
She completed a Bachelor of Laws with Honours (First Class) at the Truman Bodden Law School, University of Liverpool in 2013, and the Legal Practice Course with Distinction at the University of Law, Manchester in 2014.
“It is testament to Thea’s determination, drive and talent that she has reached this milestone. We are delighted for her and look forward to seeing her career blossom as a Trusts and Wealth Structuring attorney,” said Ms. Pierce.
New partner named in Ogier’s mid-year promotions
James Heinicke, an expert in fund financing and financial services regulation, has been named a partner in Ogier’s Cayman office.
Also strengthening the team are newly promoted corporate and funds specialists Jo Huckle and Piers Dryden, and commercial litigator Jennifer Colegate, a specialist in cross-border insolvency and restructuring.
Mr. Heinicke has extensive experience in a broad variety of banking, finance and corporate matters and regularly advises banks, financial institutions, investment funds and large corporate multinationals. He is an expert in all aspects of fund financing, with a particular emphasis on subscription line and capital call facilities acting for both lenders and fund borrowers. He also has substantial experience in Cayman Islands financial services regulation.
Named in Chambers Global 2016 as an “Associate to Watch” and a “Notable Practitioner,” Joanne Huckle has been promoted to managing associate. She is part of Ogier’s investment funds and corporate team in the Cayman Islands.
Piers Dryden is a member of Ogier’s corporate and investment funds team in the Cayman Islands. He has extensive experience advising on corporate matters, including with respect to public and private mergers and acquisitions, corporate restructurings, joint ventures and rights issues.
Jennifer Colegate has joined the team as a senior associate from the Contentious Insolvency and Restructuring team at Mayer Brown Hong Kong. She has extensive experience advising on various issues arising in complex cross-border insolvencies, most notably arising from her engagement by the provisional liquidators to a number of Lehman Brothers entities in the Asia-Pacific region.
Appleby shortlisted for 2017 IFC Caribbean Award
Appleby has been shortlisted for the 2017 Citywealth International Financial Centre Awards for Law Firm of the Year – Caribbean.
Head of the Private Client and Trusts Practice at Appleby, Carlos de Serpa Pimentel, said, “Once again, we are proud to be recognized as one of the top law firms in the Caribbean region, advising on trusts and estates. This news comes on the heels of Appleby receiving top rankings in the Chambers Global 2016 High Net Worth Guide, as well as being highly ranked in several third party legal publications and short-listed in the STEP Private Client Awards 2016/17.”
The Citywealth IFC Awards highlight the excellence of advisers and managers in the private wealth sector in the major international financial centers. Appleby has won this award several times, from 2011-2015. Last year the firm was also shortlisted in this category, and won in two other categories – Law Firm of the Year – Jersey and Guernsey.