AGP Executive Report
Last update: 10 hours agoCayman Business & Finance: Caymanian Employment and Immigration Minister Michael Myles says about 2,000 employers are in default on staff pension and health insurance payments totalling CI$2 million, and from now will be blocked from new or renewed permits and trade licences until arrears are cleared. Crypto & Disputes: Celsius Network’s bankruptcy estate has sued BitMEX in New York seeking the return of 6,360.17 Bitcoin (about $495m) tied to forced liquidations during the March 2020 crash, naming multiple BitMEX-linked entities across Bermuda, the Cayman Islands and other jurisdictions. Offshore Legal/Professional Services: Walkers Professional Services is expanding in Luxembourg via an acquisition of Value Partners, adding a base in one of Europe’s key alternative funds markets and bringing the combined team to 560 colleagues across major centres including Cayman. Markets & Listings: Meey Global Corp, a Cayman Islands holding company, has filed with the US SEC for a proposed Nasdaq IPO. Sustainable Finance: CIBC Caribbean says it has arranged or invested about US$820m in sustainable finance across the region, including renewable energy projects in the Cayman Islands. Corporate Capital Raises: Cuprina Holdings (Cayman) priced a US$4.97m public offering, while Huachen AI Parking Management Technology closed a US$2.75m offering. Local Environment & Fishing: The Department of Environment is testing an electromagnetic shark deterrent device with anglers to reduce shark-related loss of catch and tackle.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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