Cruising the Caribbean and Bahamas
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
Mental Capacity Issues
Mental Capacity Issues - Cayman Islands and British Virgin Islands Rowena Lawrence is Counsel and Tim Haynes is a Partner at Walkers (First appeared in the STEP Hong Kong Branch Newsletter (December 2015) Rowena Lawrence and Tim Haynes of Walkers provide an overview of the relevant regimes for mental capacity legislation in the BVI and the Cayman Islands. Hong Kong’s ageing population and the ongoing popularity of offshore structures will make the legislation in the major offshore jurisdictions concerning mental capacity issues increasingly relevant. Perhaps conscious of this, the legislators in both the British Virgin Islands (BVI) and the Cayman Islands have recently updated their rules in this area. The mental health legislation in both the Cayman Islands and the BVI has been reformed relatively recently to safeguard the rights of mentally incapacitated individuals. That legislation provides the courts with broad powers over the property and affairs of mental health patients. Given the constantly evolving jurisdictional arguments that arise in the courts of both Cayman and BVI, while it is unusual for individuals who are parties to Financial Services Division (Cayman) or Commercial Division (BVI) actions to be resident in those jurisdictions, there are circumstances in which it may be necessary to consider the application of laws of those jurisdictions when incapacitated persons are involved. An application to the offshore court may be made in a number of situations, for example where the individual concerned holds property (most obviously shares in an offshore company) in the offshore jurisdiction or where there is no obvious or effective order available in the jurisdiction in which the incapacitated individual resides. -
2015 Annual Report FORFINANCIAL the YEAR ENDED DECEMBER HIGHLIGHTS 31
2015 Annual Report FORFINANCIAL THE YEAR ENDED DECEMBER HIGHLIGHTS 31, (IN U.S. DOLLARS) 2015 2014 2013 Total revenues $ 57,116,202 $ 65,559,078 $ 63,822,131 Net income $ 7,518,701 $ 6,265,358 $ 8,594,519 Income from operations $ 8,468,064 $ 6,461,059 $ 7,661,576 1HWFDVKƮRZVIURPRSHUDWLRQV $ 17,319,786 $ 18,184,861 $ 9,379,944 Total assets $ 161,616,698 $ 160,459,831 $ 165,364,854 Total stockholders’ equity $ 148,195,105 $ 144,082,664 $ 141,498,373 Dividends declared per share $ 0.30 $ 0.30 $ 0.30 Basic earnings per share $ 0.51 $ 0.43 $ 0.59 Diluted earnings per share $ 0.51 $ 0.42 $ 0.58 Net income as a % of total revenues 13.16 % 9.56 % 13.47 % Income from operations as a % of total revenues 14.83 % 9.86 % 12.00 % 1HWFDVKƮRZVIURPRSHUDWLQJDFWLYLWLHVDVD 30.32 % 27.74 % 14.70 % of total revenues TRADING IN SHARES 2015 2014 Shares outstanding at year end 14,781,201 14,715,899 Low closing share price during year $ 9.78 $ 9.33 High closing share price during year $ 13.50 $ 14.47 Closing share price at year end $ 12.24 $ 10.68 CONSOLIDATED WATER (THE “COMPANY”) WAS INCORPORATED AS CAYMAN WATER IN 1973. OVER THE YEARS, WE HAVE BENEFITED FROM THE EXPLOSIVE GROWTH IN TOURISM-RELATED DEVELOPMENT IN THE CAYMAN ISLANDS; GROWTH THAT HAS BEEN FACILITATED BY THE WATER WE HAVE PROVIDED. CONSOLIDATED WATER OPERATES IN THE CAYMAN ISLANDS AS CAYMAN WATER COMPANY LIMITED AND OCEAN CONVERSION (CAYMAN) LIMITED, WHICH TOGETHER OPERATE SEVEN PLANTS TO PRODUCE SUBSTANTIALLY ALL OF THE PIPED DRINKING WATER ON GRAND CAYMAN. -
The Long Arm of the Bribery
8 The Lawyer | 30 July 2012 Opinion On 5 July the Competition Appeal can be awarded where compensatory Holdvery Tribunal (CAT) handed down its damages alone would be insufficient judgment in the Cardiff Bus case, to punish the defendant for ‘outra- awarding damages in a ‘follow-on’ geous conduct’ including, as in this tightplease, claim for the first time. This is also case, when the defendant was or the first case in which exemplary should have been aware that its con- claimants damages for a breach of competition duct was probably illegal. law have been awarded. The CAT also stated that when ex- Award of exemplary In January 2011, 2 Travel brought a emplary damages are considered claim against Cardiff Bus following a they should have some bearing to the Y damages in Cardiff 2008 decision of the Office of Fair M compensatory damages awarded – in A L Bus case raises the Trading (OFT) which found that, by A this case, awarding exemplary dam- engaging in predatory conduct, Wheels of justice go round and round ages about twice the size of the com- stakes for claimants in Cardiff Bus had infringed the Com- pensatory award – and that they damages actions petition Act by abusing a dominant awarded damages for loss of profits should have regard to the economic position in the market. In particular, (of £33,818.79 plus interest) and also size of the defendant to be “of an when 2 Travel launched a no-frills exemplary damages of £60,000. order of magnitude sufficient to bus service, Cardiff Bus introduced Notwithstanding the low value of make the defendant take notice”. -
Biodiversity: the UK Overseas Territories. Peterborough, Joint Nature Conservation Committee
Biodiversity: the UK Overseas Territories Compiled by S. Oldfield Edited by D. Procter and L.V. Fleming ISBN: 1 86107 502 2 © Copyright Joint Nature Conservation Committee 1999 Illustrations and layout by Barry Larking Cover design Tracey Weeks Printed by CLE Citation. Procter, D., & Fleming, L.V., eds. 1999. Biodiversity: the UK Overseas Territories. Peterborough, Joint Nature Conservation Committee. Disclaimer: reference to legislation and convention texts in this document are correct to the best of our knowledge but must not be taken to infer definitive legal obligation. Cover photographs Front cover: Top right: Southern rockhopper penguin Eudyptes chrysocome chrysocome (Richard White/JNCC). The world’s largest concentrations of southern rockhopper penguin are found on the Falkland Islands. Centre left: Down Rope, Pitcairn Island, South Pacific (Deborah Procter/JNCC). The introduced rat population of Pitcairn Island has successfully been eradicated in a programme funded by the UK Government. Centre right: Male Anegada rock iguana Cyclura pinguis (Glen Gerber/FFI). The Anegada rock iguana has been the subject of a successful breeding and re-introduction programme funded by FCO and FFI in collaboration with the National Parks Trust of the British Virgin Islands. Back cover: Black-browed albatross Diomedea melanophris (Richard White/JNCC). Of the global breeding population of black-browed albatross, 80 % is found on the Falkland Islands and 10% on South Georgia. Background image on front and back cover: Shoal of fish (Charles Sheppard/Warwick -
UK Overseas Territories
INFORMATION PAPER United Kingdom Overseas Territories - Toponymic Information United Kingdom Overseas Territories (UKOTs), also known as British Overseas Territories (BOTs), have constitutional and historical links with the United Kingdom, but do not form part of the United Kingdom itself. The Queen is the Head of State of all the UKOTs, and she is represented by a Governor or Commissioner (apart from the UK Sovereign Base Areas that are administered by MOD). Each Territory has its own Constitution, its own Government and its own local laws. The 14 territories are: Anguilla; Bermuda; British Antarctic Territory (BAT); British Indian Ocean Territory (BIOT); British Virgin Islands; Cayman Islands; Falkland Islands; Gibraltar; Montserrat; Pitcairn, Henderson, Ducie and Oeno Islands; Saint Helena, Ascension and Tristan da Cunha; South Georgia and the South Sandwich Islands; Turks and Caicos Islands; UK Sovereign Base Areas. PCGN recommend the term ‘British Overseas Territory Capital’ for the administrative centres of UKOTs. Production of mapping over the UKOTs does not take place systematically in the UK. Maps produced by the relevant territory, preferably by official bodies such as the local government or tourism authority, should be used for current geographical names. National government websites could also be used as an additional reference. Additionally, FCDO and MOD briefing maps may be used as a source for names in UKOTs. See the FCDO White Paper for more information about the UKOTs. ANGUILLA The territory, situated in the Caribbean, consists of the main island of Anguilla plus some smaller, mostly uninhabited islands. It is separated from the island of Saint Martin (split between Saint-Martin (France) and Sint Maarten (Netherlands)), 17km to the south, by the Anguilla Channel. -
ISO Country Codes
COUNTRY SHORT NAME DESCRIPTION CODE AD Andorra Principality of Andorra AE United Arab Emirates United Arab Emirates AF Afghanistan The Transitional Islamic State of Afghanistan AG Antigua and Barbuda Antigua and Barbuda (includes Redonda Island) AI Anguilla Anguilla AL Albania Republic of Albania AM Armenia Republic of Armenia Netherlands Antilles (includes Bonaire, Curacao, AN Netherlands Antilles Saba, St. Eustatius, and Southern St. Martin) AO Angola Republic of Angola (includes Cabinda) AQ Antarctica Territory south of 60 degrees south latitude AR Argentina Argentine Republic America Samoa (principal island Tutuila and AS American Samoa includes Swain's Island) AT Austria Republic of Austria Australia (includes Lord Howe Island, Macquarie Islands, Ashmore Islands and Cartier Island, and Coral Sea Islands are Australian external AU Australia territories) AW Aruba Aruba AX Aland Islands Aland Islands AZ Azerbaijan Republic of Azerbaijan BA Bosnia and Herzegovina Bosnia and Herzegovina BB Barbados Barbados BD Bangladesh People's Republic of Bangladesh BE Belgium Kingdom of Belgium BF Burkina Faso Burkina Faso BG Bulgaria Republic of Bulgaria BH Bahrain Kingdom of Bahrain BI Burundi Republic of Burundi BJ Benin Republic of Benin BL Saint Barthelemy Saint Barthelemy BM Bermuda Bermuda BN Brunei Darussalam Brunei Darussalam BO Bolivia Republic of Bolivia Federative Republic of Brazil (includes Fernando de Noronha Island, Martim Vaz Islands, and BR Brazil Trindade Island) BS Bahamas Commonwealth of the Bahamas BT Bhutan Kingdom of Bhutan -
Automatic Exchange of Information: Status of Commitments
As of 27 September 2021 AUTOMATIC EXCHANGE OF INFORMATION (AEOI): STATUS OF COMMITMENTS1 JURISDICTIONS UNDERTAKING FIRST EXCHANGES IN 2017 (49) Anguilla, Argentina, Belgium, Bermuda, British Virgin Islands, Bulgaria, Cayman Islands, Colombia, Croatia, Cyprus2, Czech Republic, Denmark, Estonia, Faroe Islands, Finland, France, Germany, Gibraltar, Greece, Guernsey, Hungary, Iceland, India, Ireland, Isle of Man, Italy, Jersey, Korea, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Mexico, Montserrat, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Seychelles, Slovak Republic, Slovenia, South Africa, Spain, Sweden, Turks and Caicos Islands, United Kingdom JURISDICTIONS UNDERTAKING FIRST EXCHANGES BY 2018 (51) Andorra, Antigua and Barbuda, Aruba, Australia, Austria, Azerbaijan3, The Bahamas, Bahrain, Barbados, Belize, Brazil, Brunei Darussalam, Canada, Chile, China, Cook Islands, Costa Rica, Curacao, Dominica4, Greenland, Grenada, Hong Kong (China), Indonesia, Israel, Japan, Lebanon, Macau (China), Malaysia, Marshall Islands, Mauritius, Monaco, Nauru, New Zealand, Niue4, Pakistan3, Panama, Qatar, Russia, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Samoa, Saudi Arabia, Singapore, Sint Maarten4, Switzerland, Trinidad and Tobago4, Turkey, United Arab Emirates, Uruguay, Vanuatu JURISDICTIONS UNDERTAKING FIRST EXCHANGES BY 2019 (2) Ghana3, Kuwait5 JURISDICTIONS UNDERTAKING FIRST EXCHANGES BY 2020 (3) Nigeria3, Oman5, Peru3 JURISDICTIONS UNDERTAKING FIRST EXCHANGES BY 2021 (3) Albania3, 7, Ecuador3, Kazakhstan6 -
Bahamas Yacht Charter Guide
Virgin Islands From snorkeling to diving to the great beaches, the Virgin Islands offer colorful waters teeming with life. The Baths at Virgin Gorda, a pile of pool-forming boulders that date back nearly 40 million years, are not to be missed. On shore, step back in time to visit Callwood at the Arundel Estate on Tortola, the last remaining pot still rum distillery. St. Thomas Though it’s only 32 square miles in size, St. Thomas has a million miles worth of things to do. Go shopping and sailing, snorkeling and sightseeing, or diving and dining. Enjoy the island’s world-renowned golf course, picture-perfect beaches and spectacular nightlife. Take the Skyride 700 feet above the city or climb the famous 99 Steps of Charlotte Amalie for an incomparable view of the Caribbean. And if you’re interested in culture and history, don’t miss seeing the second-oldest synagogue in the Western Hemisphere, the 1680-built Fort Christian or the childhood home of Camille Pissarro, one of the best-known French Impressionists. Experience the beauty of Tortola. Swim or stroll the white-sand beaches, explore ancient ruins or our delectable local cuisine, or drop anchor and rock Tortola with the rhythm of the azure ocean. In Tortola, the largest island of the BVI chain, there’s a variety of Caribbean vacation activities to indulge in. Norman Island Treasure Island, as it’s known in the history books, where long ago pirate ships scoured the caves and cliffs to find a secret place to bury stolen treasure. If it’s adventure and spectacular underwater sites you are in search of then a visit to The Bight is must. -
Comparison of Trust Laws Bermuda, British Virgin Islands and Cayman Islands
Comparison of Trust Laws Bermuda, British Virgin Islands and Cayman Islands Preface This publication has been prepared for the assistance of anyone who is considering establishing a trust under the laws of Bermuda, the British Virgin Islands or the Cayman Islands. It deals in broad terms with the requirements of the respective laws. It is not intended to be exhaustive but merely to provide general information to our clients and their professional advisers. We recommend that our clients seek legal advice in Bermuda, the British Virgin Islands or the Cayman Island on their specific proposals before taking any steps to implement them. Conyers Dill & Pearman Bermuda British Virgin Islands Cayman Islands GENERAL Principal legislation Trustee Act 1975 Trustee Act (“TA”) The Trusts Law (2017 Revision). Trusts (Special Provisions) Act 1989 Virgin Islands Special Trusts Act 2003 The Fraudulent Dispositions Law (1996 (“TSPA”) (“VISTA”) Revision) Perpetuities and Accumulations Act The Perpetuities Law (1999 Revision) 1989 Perpetuities and Accumulations Act 2009 Ultimate court of Privy Council Privy Council Privy Council appeal OECD List White list White list White list Hague Convention Ratified and implemented Ratified and implemented Not ratified Perpetuity period The rule against perpetuities has been 100 years 150 years for ordinary trusts; the rule for private trusts abolished or disapplied for all trusts against perpetuities does not apply to created after 1 August 2009. STAR trusts. SETTLOR RESERVED POWERS Bermuda British Virgin Islands Cayman Islands s.2(3) TSPA: s. 2 (4) TA: The reservation by the s.14 Trusts Law: settlor of certain rights and powers … The reservation by the settlor of certain Settlor may reserve or grant power to: are not necessarily inconsistent with rights and powers … are not necessarily the existence of a trust. -
India- Cayman Islands Relations
India- Cayman Islands Relations The Cayman Islands, a group of three islands (Grand Cayman, Cayman Brac and Little Cayman) in the north-west Caribbean Sea, about 150 miles south of Cuba, 460 miles south of Miami, Florida, and 167 miles northwest of Jamaica (land area 264 sq. km., population 54,000, GDP US$2.8 bn.) is an English speaking UK Overseas Territory. Cayman Island is one of the world's largest financial centres and a well- known tax haven. UK Government seems amenable to allow autonomy to the Cayman Islands on certain aspects of its external affairs – on relations with CARICOM, Caribbean regional organizations, and other UK/Netherlands/French Overseas Territories/Dependencies in the Caribbean region, subject to prior intimation/approval of the Governor/UK Government. The conduct of foreign relations is controlled by the British Foreign Office. It is an associate member of CARICOM and UNESCO, and a member of Caribbean Development Bank, Universal Postal Union, and Interpol. It is not a member of the United Nations or any other international organization. Though the Cayman Islands has neither participated in various International fora nor articulated its position on climate change, it has serious stakes in the on-going international discussions, inter-alia, on account of rising sea levels, warming of the oceans, coastal erosion, degradation of the marine environment, declining of fish stocks, and increased frequency and intensity of storms and hurricanes, which threaten not only the sustainable development and fragile infrastructure but also the very existence of small island developing countries. Political As a UK Overseas Territory the Cayman Islands has not articulated its position on reforms of the UNSC or our candidature for the non-permanent seat. -
Regional Overview: Impact of Hurricanes Irma and Maria
REGIONAL OVERVIEW: IMPACT OF MISSION TO HURRICANES IRMA AND MARIA CONFERENCE SUPPORTING DOCUMENT 1 The report was prepared with support of ACAPS, OCHA and UNDP 2 CONTENTS SITUATION OVERVIEW ......................................................................................................................... 4 KEY FINDINGS ............................................................................................................................................ 5 Overall scope and scale of the impact ....................................................................................... 5 Worst affected sectors ...................................................................................................................... 5 Worst affected islands ....................................................................................................................... 6 Key priorities ......................................................................................................................................... 6 Challenges for Recovery ................................................................................................................. 7 Information Gaps ................................................................................................................................. 7 RECOMMENDATIONS FOR RECOVERY ................................................................................ 10 Infrastructure ...................................................................................................................................... -
Tribune 25 Template V2009
C M C M Y K Y K WEATHER ! EW N McCOMBO OF THE DAY HIGH 90F THE PEOPLE’S PAPER – BIGGEST AND BEST LOW 76F The Tribune CLOUDS, SUN, T-STORM BAHAMAS EDITION www.tribune242.com Volume: 106 No.248 FRIDAY, SEPTEMBER 17, 2010 PRICE – 75¢ (Abaco and Grand Bahama $1.25) CARS FOR SALE, 8-Ball S Customs’ ‘empty S S E T E D HELP WANTED I R N I S O S playoffs N threat’ to firms P I U AND REAL ESTATE S B SEE PAGE 1B BAHAMAS BIGGEST SEE PAGE 15 Young woman reported to have attempted suicide By ALISON LOWE Tribune Staff Reporter [email protected] POLICE were called to Students stabbed the condominium home of a young woman on Paradise Island on Wednesday after receiving reports that she had attempted to commit sui- cide. If correct, this would make the incident the sixth attempted or actual suicide in under two weeks — rep- in latest violence SEE page 10 Calls for permanent CONCERNED PARENTS police presence on school campuses By ALISON LOWE Fearful parents who gathered Tribune Staff Reporter outside C I Gibson Junior High [email protected] School, where two male stu- dents were stabbed in a break- A SENIOR school official, time brawl during the morning, the President of the teacher’s were unanimous in their view union, police, parents and coun- that a permanent police pres- selors offered a variety of views ence was needed to quell rowdy yesterday on whether police students in the face of what should be re-introduced as a they believe is escalating vio- permanent presence on school lence in and around school campuses as two students were campuses.