Archive for September 20th, 2010
Cops recover stolen Mercedes in West Bay
(CNS): Police have confirmed that a car which was reported stolen from the Tropical Gardens area of George Town around 8.00 pm on Saturday night was recovered in the West Bay area around lunchtime yesterday (Sunday 19 August) No arrests have been made in connection with the auto theft but police said that enquiries are ongoing. CNS understands the stolen car was a black Mercedes Benz E-Class, police were unable to give any details on the condition of the vehicle once it was recovered. (Photo Dennie Warren Jr)
Persistence prevails on FOI
(CNS): Government has given up its legal fight to keep secret the AMMPA standards and guidelines following an FOI request made by local activist Billy Adam. The guidelines were used to inform animal management standards at the country’s two controversial dolphinariums but the Department of Agriculture refused to release them. Officials said they had obtained the guidelines in confidence and therefore could not make them public, despite the FOI request. Adam appealed the refusal, which went to the information commissioner, who ruled in favour of the release. Despite that ruling, government began court proceedings to keep the document under wraps but then abandoned the application for judicial review last week and handed over the document.
Perez re-trial postponed as case goes to Privy Council
(CNS): The attorney acting for Josue Carillo Perez has confirmed that the Privy Council in the UK will now be hearing the appeal on the Cayman Islands Court of Appeal decision to overturn the acquittal of his client for murder. As a result the retrial scheduled to open in Grand Court today (20 September) has been postponed to make way for the higher court’s decision. Perez was found not guilty of the murder of Martin Gareau in May 2008 following a trial by judge alone last July. However the verdict of Justice Roy Anderson was overturned, following an appeal by the crown, as a result of a self misdirection in the judge’s ruling stating that the burden of proof was enhanced for a murder charge.
Chuckie defends duty waivers
(CNS): Following the premier’s criticisms of the previous administration for giving the developer of the Ritz Carlton concessions on his latest project, the former tourism minister has defended the decision and said the waivers were given when the country was headed into recession. Charles Clifford said the PPM administration offered Michael Ryan, the developer of Dragon Bay, various concessions in order to encourage him to go ahead with the project at a time when many other developments were being cancelled. He said the goal was to stimulate the construction sector, but he added that the former administration should have pushed Ryan to meet his obligation to build a new Port Authority marina. (Photo Dragon Bay site Dennie WarrenJr)
Bermuda pulls through Igor but loses power
(CNS): Bermuda has emerged from Hurricane Igor this morning with what officials say is major damage to the power system. Some 26,000 people have lost power as a result of the category one hurricane as gusts reached 93mph. A spokesperson for the local power company BELCO said at first look, "there appears to be considerable damage to the electricity distribution system Island-wide" but assessment teams and work crews are currently evaluating the state of the system. Igor is now moving away but passed at its closest point around midnight some 41 nautical miles to the west of the Island.
EU hedge fund plans under fire
(FT.Com): New proposals to regulate hedge funds and private equity funds in Europe could be a “catastrophe” for the venture capital sector, industry figures warn. The concerns stem from a move by Belgian diplomats to break the deadlock that has surrounded the proposals since summer. It is being suggested that managers of funds under €500m ($652m, £417m), which are not seen to pose a systemic threat to financial markets, should be exempted from the rules. The European Private Equity and Venture Capital Association is strongly opposed to an exemption based on size alone, saying it would cut across the sector’s ability to raise funds internationally.