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JAMAICA: Investors will spend money in countries with first-class legal system says Chief Justice

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Montego Bay, June 28, 2019 – Jamaica – Chief Justice, Hon. Bryan Sykes, says investors are constantly looking to spend their money in countries that have a first-class legal system, and mechanisms to settle disputes amicably.

Speaking at the Judiciary of Jamaica National Symposium in Falmouth, Trelawny, on June 26, Mr. Sykes said it is against this background that it is important there be a redoubling of efforts to meet the goal of having the best legal system in the region in three years, and being ranked amongst the best in the world in six years.

Mr. Sykes argued that in order to achieve these important milestones, the local courts must continue to be governed by international standards and adopt best practices.

“Increasingly, when persons are going to invest, what do they look at? They look at the legal system or the dispute-resolution mechanism,” Mr. Sykes noted, adding that Jamaica has all the tools to being that shining light in the region.

The Chief Justice said many First-World economies have been showing how beneficial it is to have a first-rate legal system, pointing to the United Kingdom as a classic example of a nation that has been reaping the economic rewards.

“Four years ago, it was measured at $25 billion and this was just for the provision of legal services. In other words, the legal system is a contributor to the gross national product (GDP). And how did it get there? It got there by establishing its reputation as an efficient, fair, balanced dispute resolution centre,” he said.

The Chief Justice said that it is his vison that Jamaica will “become that place”, adding that “there is no reason why we cannot become the dispute resolution centre for this region”.

Mr. Sykes added that Jamaicans should readily accept the reality that investors will not come to this country for the sake of being hospitable, but will do so because they are confident that the climate is such where they are comfortable in investing money that could have gone elsewhere.

“I am saying that a big part of that is having a legal system that will be fair and balanced and one that doesn’t take a lot of time to handle disputes,” he pointed out.

In the meantime, the Chief Justice said it is important to continue to place emphasis on hearing date certainty, noting that it remains a surefire way to reduce delays and clear backlogs, particularly in the Home Circuit Court.

Mr. Sykes said that it also remains one of several benchmarks that measure the efficiency of court operations and refer to the certainty that cases will begin on the scheduled date.

Contact: Garwin Davis

Release: JIS

Photos – Garwin Davis

Header: Chief Justice,  Hon. Bryan Sykes (second right) and Minister of Justice, Hon. Delroy Chuck (right), inspect items on display at one of the booths at the Judiciary of Jamaica National Symposium, held in Falmouth, Trelawny, on June 26.

Insert: Chief Justice, Hon. Bryan Sykes, addresses the Judiciary of Jamaica National Symposium, held in Falmouth, Trelawny, on June 26.

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Caribbean News

Barbados recognizes Palestine as sovereign

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Rashaed Esson

Staff Writer

Barbados has made a huge diplomatic move, recognizing Palestine as a sovereign state, as announced by Minister of Foreign Affairs, Kerrie Symmonds, according to a report from CBC News Barbados on Saturday April 20. This now aligns Barbados with other UN Member states which also recognise Palestine.

 

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Caribbean News

Haiti death toll rises

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Rashaed Esson

Staff Writer

Haiti’s death toll is now up 53 percent with more than 2,500 people killed from January through March 2024, compared to the same time last year. This was reported by the United Nations Integrated Office in Haiti (BINUH),  on Friday April 19. The organization expressed that gangs have changed their tactics, now targeting public institutions and important infrastructure such as the main Airport. Most of the violence is reportedly in the Capital Port Au Prince.

 

 

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U.S. VIRGIN ISLANDS SHINES AS A PREMIER DESTINATION AT THE 2024 SEATRADE CRUISE GLOBAL CONFERENCE

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St. Thomas, U.S. Virgin Islands (USVI) –April 11, 2024—The U.S. Virgin Islands Department of Tourism, led by Commissioner Joseph Boschulte, Assistant Commissioner Alani Henneman, and Deputy Commissioner RoseAnne Farrington, traveled to Miami, Florida, to support Governor Albert Bryan Jr. and other local partners agencies for the 2024 Seatrade Cruise Global Conference.
To kick off the week-long event, the Department of Tourism sponsored the highly anticipated Florida-Caribbean Cruise Association (FCCA) barbecue, which was hosted by Governor Bryan.
Revered as a steady leader in the Caribbean tourism industry, the USVI delegation, which also included the Legislature of the Virgin Islands, the Virgin Islands Port Authority, West Indian Company Limited, Magens Bay Authority, and the U.S. Virgin Islands Government Employee Retirement System, showcased the territory and its growing accessibility around the cruise industry to key operators and businesses.
“Cruise has been and continues to be a leading entryway for visitors into the territory, and Seatrade allows representatives from the USVI to interface with and share pertinent updates needed to continue fostering positive relationships throughout the industry,” explains Commissioner Boschulte.
Commissioner Boschulte was featured on the Caribbean Spotlight panel moderated by renowned industry leader and FCCA CEO Michelle Paige, who referenced the Commissioner being named the 2023 Caribbean Tourism Executive of the Year by Caribbean Journal and shared how exceptional the publication’s acknowledgment of his accolades are. Paige referenced Caribbean Journal’s spotlight paragraph reading, “No Caribbean destination has seen more growth in the last three years than the U.S. Virgin Islands, which kicked off a full-fledged tourism renaissance just after the onset of the pandemic and hasn’t looked back. And so much of that growth can be directly tied to the expert stewardship of Boschulte, who helped craft an innovative, flexible response to the challenges of the pandemic and has continued to drive the USVI’s performance with a data-driven, creative approach to modern tourism.”
Commissioner Boschulte and Deputy Commissioner Farrington joined Governor Bryan for meetings with leading cruise lines, including Disney Cruise Line, Norwegian Cruise Line, and Carnival Corporation & plc, amongst others, to discuss continued partnerships, expansion opportunities, and industry updates.
As the global cruise industry continues to restabilize following challenges incurred during the COVID-19 pandemic, St. Thomas and St. Croix experienced a 13% growth in 2023 over 2019, with West Indian Company Dock, Crown Bay Dock, and E. Abramson Marine Facility welcoming more than 1,600,000 passengers from 495 total calls for the year. With a 58% year-over-year passenger increase from 2022 to 2023, the USVI continues to grow and is projected to experience another 5% increase in cruise passenger arrivals in 2024.
Commissioner Boschulte also highlighted the remarkable success of the USVI and Caribbean region, stating, “I am proud to see the Caribbean’s appeal continue to captivate travelers. Our collaborative efforts with partners like FCCA and the Caribbean Tourism Organization underscore the unity of our region, ensuring unforgettable experiences for visitors while highlighting the unique strengths of the U.S. Virgin Islands. With a safe, welcoming destination and a shared commitment to tourism, we embrace our role as an integral part of the Caribbean community.”
For more information about the U.S. Virgin Islands, please visit https://www.visitusvi.com/.

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