CCJ To Support Single Caribbean Business Law Project
by Mike Godfrey, Lowtax.net, Washington
20 May, 2016
The Caribbean Court of Justice has signed a cooperation agreement to support a project to harmonize the laws applying to businesses throughout the Caribbean region.
The Agreement was signed at the Court's headquarters, in Trinidad and Tobago's Port of Spain, on behalf of the CCJ by Court President Dennis Byron. It was signed on behalf of the ACP Legal Association, which is spearheading the project, by its President, Catherine Sargenti.
Under the Agreement, the CCJ will provide support towards the implementation of a harmonized business law framework in the Caribbean.
The OHADAC Project aims to further integrate the economies of the entire Caribbean. It seeks to facilitate increased trade and promote international investment by providing a unified law and harmonized alternative dispute resolution methods.
Dennis said: "We see the collaboration with the team from the OHADAC Project as being yet another way that the CCJ can play a significant role in deepening regional integration and in supporting economic development throughout the Caribbean."
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