Island Companies Ltd.

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Swiss firm wins battle to buy duty free stores in Cayman

After a court battle lasting nearly 18 months, Swissair-subsidiary Nuance International Holdings Ltd. has finally been given approval to purchase a chain of local duty free shops in the Cayman Islands.The Cayman Islands Immigration Board reversed an earlier ruling - that was itself a reversal of an April, 1996 ruling - and granted Nuance permission to purchase Island Companies Ltd.