The Cayman Islands is home to billions of dollars’ worth of mergers and acquisitions in a given year, but few have the potential to impact the local community as much as the impending sale of Cayman National Corporation Ltd. to the Republic Bank Trinidad and Tobago (Barbados) Ltd.
A dispute between Vista Del Mar Developments Ltd. and two people who purchased a plot of land there was heard last week by the territory’s highest court, the London-based Judicial Committee of the Privy Council.
Two detectives from the Royal Cayman Islands Police Service are in the Turks and Caicos Islands this week to investigate a shooting by police there. According to the Turks and Caicos Weekly News, the shooting occurred during an illegal fishing operation at sea on Nov. 24.
An appeal on a public records request for data on how many taxi drivers work for government has been denied by Ombudsman Sandy Hermiston, who ruled on Friday that having the Public Transportation Unit retrieve such information would be an unreasonable diversion of its resources.
In March, Premier Alden McLaughlin announced government’s intention to have the Utility Regulation and Competition Office (OfReg) build its own fiber-optic cable network in the underserved eastern districts, something he said was necessary given the telecommunications companies’ failure to provide broadband internet services in those areas.
After losing some $300,000 by the end of March, the Utility Regulation and Competition Office, known as OfReg, was on track to be insolvent by July before government injected $1 million into the territory’s regulator, Premier Alden McLaughlin said on Thursday in the Legislative Assembly.
An official viewing was held Monday to unveil the headstone that marks the resting place of Dr. William Alfred Conrad Hortor, who was one of Cayman’s first medical doctors and served here from the mid-1930s to his death in 1960.
The Grand Court has granted the Cayman Islands Monetary Authority’s petition for the winding-up of Beechwood Re, a reinsurance firm being sued for fraud in the U.S., and with ties to a hedge fund whose former executives are facing civil and criminal fraud charges in the U.S.
As the Republic Bank Trinidad and Tobago (Barbados) Ltd. nears the finalization of its acquisition of Cayman National Corporation Ltd., the local bank stated on Monday that it has not received any official offers from other institutions to purchase Cayman National shares.
After the Utilities Regulation and Competition Office (OfReg) rejected Cayman Water’s most recent proposal for a licensing deal to serve customers in the Seven Mile Beach and West Bay areas, the two parties have resumed negotiations.
Three men who were arrested last month appeared in Grand Court on Friday for allegedly presenting themselves as workers with the National Roads Authority and offering to paint the parking lot of a business premises on North Church Street.