It emerged this week that the inauguration of the Caribbean Court of Justice (CCJ) has been postponed until next year, as a result of the failure of three Caribbean countries to pass the relevant legislation.
Of the three states in question, Trinidad and Tobago and Guyana have indicated that they might be able to pass the laws in question in time to allow the November launch to proceed as planned. However, this would be virtually impossible for the third state, Grenada, in view of the devastation wreaked in the jurisdiction by Hurricane Ivan.
According to Caribbean Net News, translating the treaties relating to the CCJ and Single Market and Economy (CSME) into national law is a pre-condition of the loan agreement reached with the Caribbean Development Bank for the funding of the Court.
The regional news service went on to reveal that although negotiations are taking place with a view to relaxing this provision in relation to Grenada, the separate decision by the Trinidad and Tobago government to change the location of the Court from the site which was initially designated for the building has created further delays, making a launch in the first quarter of 2005 rather than next month inevitable.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment