The withdrawal for the Smith Cove deal was announced near the conclusion of what can be described as one of the busiest meetings of the LA with 29 pieces of legislation being passed.
Among those changes, amendments which will legalise the use of medicinal cannabis oil in Cayman. Key bills passed in the LA were; the Disabilities Solomon Webster bill, making Cayman the first overseas territory to have a disabilities specific law, Elections law amendments for One Man One Vote, the Procurement Bill and the Education Bill.
Criminal records (spent convictions) bill and the Non-profits Organisation Bill also passed.
One big piece of legislation missing from that list, the Legal Practitioners Bill. It was deferred after attorneys complained.
Both Premier McLaughlin and Financial Services Minister Hon. Wayne Panton say the bill will return in the next sitting mid-January.