Ken SilvaKen Silva

Journalist

Pinnacle Media Group Ltd
PO Box 1365 GT
Grand Cayman KY1-1108

E: [email protected]

ARTICLES BY KEN SILVA

Court dismisses dishonesty claim against Butterfield Bank

The Grand Court has ruled that Butterfield Bank (Cayman) Ltd. did not act dishonestly when it failed to spot multiple fraudulent transactions from 2008-2010, causing a captive insurance company to be fleeced for about US$529,000.

Court appoints provisional liquidators to Abraaj Holdings

The Grand Court has appointed provisional liquidators to Abraaj Holdings, a Middle Eastern private equity firm facing allegations that it has misused hundreds of millions of dollars, including funds from the Bill & Melinda Gates Foundation and the World Bank’s International Finance Corporation.

3 men, 2 women graduate from Drug Rehab Court

At Thursday’s celebration for the latest cohort to complete Cayman’s Drug Rehabilitation Court, 13 people who are still in the program sat in the back of the courtroom to observe the graduation ceremony.

Manderson: Chief officer did not intentionally deceive PAC

Acting Governor Franz Manderson said there is “no basis” for taking disciplinary action against Health Ministry Chief Officer Jennifer Ahearn for allegedly giving a false answer to the Public Accounts Committee last October.

Value of Cayman imports increase to most since 2008

Cayman imported roughly $876 million worth of goods in 2017, the most since 2008 when $941.9 million of goods were imported here, according to the Economics and Statistics Office’s recently released foreign trade statistics report.

Kuwaiti public entity aims to liquidate Cayman-registered firm

The Cayman-registered Abraaj Holdings is facing two petitions in Grand Court, one to have the court to restructure its debt and the other to liquidate the company.
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Cayman celebrates monarch’s birthday

“Your Excellency, the parade is formed up and ready for your inspection, sir,” Police Inspector Courtney Myles announced to Governor Anwar Choudhury on Saturday morning at the Queen’s Birthday parade and ceremony.

Southwest Airlines begins Saturday Cayman-Houston flights

A group of aviation officials and media squeezed their way through a crowded Owen Roberts International Airport terminal on their way to observe the landing of Southwest Airlines’ first flight here from Houston on Saturday.

Economic Forum highlights concerns over cruise pier project

Regular readers of the Cayman Compass and other local media are surely used to seeing headlines over the years such as “Cruise dock deal on track,” “Government gives green light to George Town cruise dock,” and “Government plans to go ahead with cruise dock.”

Booming real estate industry reflects economic growth

Finance Minister Roy McTaggart has recently touted the 2.9-percent economic growth Cayman experienced last year, but to many that number is just an abstraction.

Sweeping for safety

Neighborhood police officer Fabian O’Connor, known as the ‘dancing policeman,’ is known for his animated style of directing traffic in the capital.

Cayman Enterprise City sues two tenants over rent dispute

Cayman Enterprise City is suing two of its licensees, Gary Mares and Nayzasto Technical Consulting SEZC, for allegedly not paying a combined US$115,000 in rent.

Airport upgrade cost will not be made public until 2019

Though officials have confirmed that the price of the Owen Roberts International Airport upgrade will exceed its original $55 million estimate, the project’s final cost will not be made public until 2019.

Court hearing begins for telecom fiber network dispute

A judicial review hearing began on Monday over a dispute between Caribbean Utilities Company subsidiary DataLink and the Utility Regulation and Competition Office, known as OfReg.

Brac resident keeps watch on the seas

“Calling all ships approaching and passing the Cayman Islands. Anyone receiving my calls?” Cayman Brac resident Raymond Scott spoke into his marine VHF radio on a Tuesday afternoon last month.

Scotiabank opens in Camana Bay

After more than 50 years of operating its headquarters in downtown George Town, Scotiabank and Trust (Cayman) held a grand opening event on Thursday for its new “digital branch” in Camana Bay.

Airport silent on vendor bidding decision

The Cayman Islands Airports Authority has been tight-lipped on the status of the bidding process for businesses to win retail space in Cayman’s new airport terminal – a process that may have to be restarted due to the CIAA missing its own deadline for dealing with applications.

BVI holds protest against UK’s public registry rule

More than 1,000 British Virgin Islands residents took to the streets to protest the United Kingdom on Thursday, the same day Queen Elizabeth II gave royal assent to legislation that forces British Overseas Territories to implement public company registers by December 2020.

CUC may settle lawsuit over ‘dangerous’ equipment

The Caribbean Utilities Company is in settlement talks with U.S.-based manufacturer Howard Industries Inc., which CUC claims sold defective electrical equipment that cost the power company “millions of dollars” in damages and potentially endangered Cayman’s residents.

US tax reform debate over, but firm still representing Cayman

Leading up to last year’s debate in the U.S. over federal tax reform, government hired the multinational law firm Baker Botts to advocate for Cayman’s financial sector in Congress.
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