News

Update from CCC on Scotia Bank & Republic Bank transactions

April 1, 2019
 
Press Release  
                                                         CARICOM Competition Commission
 
                                                                      Statement on
Completion of a preliminary assessment and intention to request preliminary examination pursuant to Article 176(1) of the Revised Treaty of Chaguaramas (RTC) on the sale of assets by the Bank of Nova Scotia to Republic Financial Holdings and Sagicor Financial Corporation
 
On 5th December 2018, the Commission advised the public that it took note of an announcement on 28th November 2018 by the Bank of Nova Scotia (“Scotiabank”) of an intended sale of banking assets in nine (9) territories in the Caribbean to Republic Financial Holdings Ltd (“Republic Financial”) and life insurance operations in another two (2) territories (Jamaica and Trinidad and Tobago) to Sagicor Financial Corporation (“proposed transaction”).
 
For the full statement please click here.

CARICOM Competition Commission (CCC) Vacancy

25 March 2019

 
                            CARICOM Competition Commission Vacancies
 
            RECRUITMENT FOR THE POSITION OF SENIOR ACCOUNTANT
 
Applications are invited from interested and suitably qualified nationals of Caribbean Community (CARICOM) Member States and Associate Members of the Caribbean Community to fill the position of Senior Accountant at the CARICOM Competition Commission, situated in Paramaribo, Suriname.

For the full details please click here.

Application deadline April 26, 2019

World Consumer Rights Day 2019

                                                                       Press Release 

Wednesday 13 March 

                                                     WORLD CONSUMER RIGHTS DAY 2019:
                                                             “Trusted Smart Products”
 
On 15 March 2019, consumer organisations across the globe will celebrate World Consumer Rights Day (WCRD).  This year the theme for WCRD is “Trusted Smart Products”, with the campaign aimed at promoting the development of digital products and services that consumers want and need.
 
The CARICOM Competition Commission (“Commission”) recognises that over the past decade the use of smart products and smartphones, have increased within the region. Smart devices and smartphones provide many opportunities and conveniences for consumers in their daily lives. However, despite the personalised benefits these smart products and their associated application software provide, they also raise several important concerns for consumers relating to data protection and privacy.
 
Data privacy, in particular, is one of the most critical social issues associated with digital electronic information technologies.  The protection of personal data and privacy are key drivers for consumer trust in smart devices and smartphones. As such, the fair, safe and transparent use and collection of consumer data is important. As a region, we must ensure the reform of national laws and policies to mitigate against the erosion of privacy resulting from technology-based systems and practices and protect the right of consumers to privacy.
 
Within CARICOM, data privacy is dealt with by many of the Member States under various pieces of legislation which all seek to regulate the collection, storage, processing, use and dissemination of personal data, and the protection of the privacy of individuals in relation to personal data. 
 
 This year, the Commission looks forward to exploring the issue of internet privacy and data collection from the consumer protection and competition law perspectives. Noting that within the international arena the implications of “big” data collection by dominant business enterprises on competition in digital marketplaces is a budding discussion, the Commission will commence the engagement of its regional and international partners and continue to monitor these developments.
 
For any more information about the work of the Commission in consumer protection and competition law, please view our website at www.caricomcompetitioncommission.com.

Justice Christopher Blackman
Chairman
CARICOM Competition Commission

 

Press Release From The CARICOM Competition Commission

PRESS RELEASE FROM THE CARICOM COMPETITION COMMISSION


January 21st, 2019


APPOINTMENT OF EXECUTIVE DIRECTOR, SENIOR LEGAL COUNSEL AND REGISTRAR TO THE CARICOM COMPETITION COMMISSION (CCC)


The CCC was established to help enforce the CARICOM Rules of Competition and to regulate competition in the CARICOM Single Market and Economy (CSME). Its principle functions are to apply the rules of competition, promote competition, and to assist Member States to protect consumers.


The CARICOM Competition Commission (Commission) is pleased to announce the appointment of three senior professional staff members to its team in January 2019, to better enable the Commission to carry out its functions.


Ms. Nievia Ramsundar was appointed as the Executive Director of the Commission effective January 14, 2019.  Ms. Ramsundar is an attorney at law with over 18 years’ experience in utilities, environmental and communications regulation, corporate law, intellectual property law and competition law. Ms. Ramsundar holds a Bachelor of Laws degree, University of the West Indies, Barbados; Legal Education Certificate, Hugh Wooding Law School, Trinidad; Postgraduate Diploma, Economics for Competition Law, Kings’ College, University of London; and Master of Laws from Queen Mary College, University of London.


Mr. Marc Jones joins the Commission from the Jamaica Fair Trading Commission where he served for over five years as an attorney at law in the areas of competition law investigations, litigation, regulatory and commercial practice. Mr. Jones holds a Bachelor of Laws, University of the West Indies, Barbados, Legal Education Certificate, Norman Manley Law School, Jamaica; Post Graduate Diploma in Competition Law, Maastricht School of Management, Netherlands; and a Master of Business Administration, Mona School of Business Administration, Jamaica.


Mrs. Deirdre Gosse served as the former Chief Executive Officer of the Registrar General’s Department, Jamaica, for a period of six years. She is an Attorney-at-Law, with over twenty years’ experience. Ms. Gosse holds a Bachelor of Laws, University of the West Indies, Barbados; Legal Education Certificate, Norman Manley Law School, Jamaica; Post Graduate Certificate in Strategic Management, University College of the Caribbean; Post-graduate Certificate in Telecommunications Policy and Management, University of the West Indies, Mona School of Business, Jamaica; and a Master of Laws, University of Strathclyde.


Justice Christopher Blackman
Chairman
CARICOM Competition Commission


CCC's 2019 Work Programme

CARICOM Competition Commission 2019 Work Programme

7 January 2019

The CCC's Workprogramme was approved at the 47th COTED meeting in November 2018.

For the full document, please click here.

STATEMENT: On The Sale of Banking and Insurance Assets by the Bank of Nova Scotia to Republic Financial Holdings and Sagicor Financial Corporation

December 5, 2018

                                              CARICOM COMPETITION COMMISSION

                                                       Statement on

 The sale of banking and insurance assets by the Bank of Nova Scotia to
Republic Financial Holdings and Sagicor Financial Corporation

The Commission in its monitoring of business activity in the CARICOM Single Market and Economy (CSME), has taken note of the  announcement  on 28th November 2018 by the Bank of Nova Scotia (“Scotiabank”) of its intended transaction to sell banking assets in nine (9) English and Dutch speaking countries in the Caribbean.

For the full statement please click here.

CARICOM Competition Commission Work Programme January-September 2018 Performance

5 November 2018

CARICOM Competition Commission Work Programme January-September 2018 Performance

This report highlights the work of the CARICOM Competition Commission (Commission) for the period of January to September of 2018, in the areas of competition law and policy, and consumer welfare and protection of consumer interests in the CARICOM region. The work of the Commission is guided by the institution’s mandate under Chapter VIII of the Revised Treaty of Chaguaramas (RTC). Consequently, the document is structured to highlight the relevant provisions within the RTC under which each activity falls.

For the full report please click here.

Chairman Justice Blackman Pays Courtesy Call On Minister Stephen Tsang Of Suriname

PRESS RELEASE

September 06, 2018

Chairman Justice Blackman Pays Courtesy Call On Minister Stephen Tsang Of Suriname

 


Chairman Blackman (r) and Minister Tsang (l)

Chairman Blackman (r) and Minister Tsang (l)


In his first official visit to Paramaribo, Suriname, the new Chairman of the CARICOM Competition Commission (CCC) Justice Christopher Blackman made a courtesy call on Minister Stephen Tsang, Minister of Trade, Industry and Tourism with responsibility for competition and consumer protection on 04 September 2018.

Chairman Blackman and Minister Tsang covered a range of topics of interest to the Republic of Suriname and the CCC including competition law, consumer protection, regional trade arrangement, and regional transportation for goods and people.

The courtesy call was informative and allowed both delegations to identify future areas of cooperation in competition and trade policy. Chairman Blackman thanked the Minister for the support provided by the Republic of Suriname to the headquarters of the CARICOM Competition Commission. Minister Tsang expressed his governments continued support for the CCC and the other CARICOM institutions headquartered in Suriname.


Press Release:CARICOM Competition Commission Appoints New Chairman And Member

PRESS RELEASE

July 26, 2018

CARICOM COMPETITION COMMISSION APPOINTS NEW CHAIRMAN AND MEMBER

The CARICOM Competition Commission (CCC) is pleased to announce the appointment of new Chairman Justice Christopher Blackman (Ret.) and Member, Mr. Anthony LaRonde. The Commissioners were sworn in by the Honorable Mr. Justice Adrian Saunders, President of the Caribbean Court of Justice (CCJ) and Chairman of the Regional Judicial and Legal Services Commission (RJLSC), and witnessed by outgoing Chairman of the CCC, Dr. Kusha Haraksingh.

Mr. Justice Christopher Blackman, GCM is a former non-resident Justice of Appeal of the Belize Court of Appeal who served from October 1, 2014 to September 2017. He was also a Justice of the Court of Appeal of The Bahamas, serving from March 1, 2008 to December 5, 2014. He served as a High Court Judge of Barbados (2003-2008) and Belize (2001-2003). He was appointed Queen’s Counsel in 1987, served as President of the Barbados Bar Association (1983-86) and as an Independent Senator (1986-1990) in the Barbados Parliament. In the 2000 Barbados Independence Honours List, he was awarded the Gold Crown of Merit for law and public service.

Anthony P. La Ronde is a Barrister at Law, Solicitor Mediator and Notary Public and was called to the Bar of the Eastern Caribbean Supreme Court (Dominica) in 1985. As a Barrister at Law and Solicitor he held the positions, on full establishment, as a State Attorney, Parliamentary Draftsman, Chief Parliamentary Draftsman and Attorney General (1995 to 2002) in the Commonwealth of Dominica. From 2005 to 2009 he was the Officer in Charge/Director of the CARICOM Legislative Drafting Facility at the Secretariat. From January 2016 to January 2018, he served the Government of Anguilla in the capacity of Chief Parliamentary Counsel.

The incoming Commissioners have been appointed for a term of five years in the first instance. They join sitting Commissioners Mr. Eversley Decourcey, Mr. Nestor Alfred, Professor Andrew Downes and Emalene Marcus-Burnett.

The CCC was established to enforce Community Competition Policy under Chapter 8 of the Revised Treaty of Chaguaramas. The CCC’s principle functions are to apply the rules of competition to anti-competitive cross-border business conduct, promote and protect competition in the Community, and to use advocacy to support and assist Member States in protecting consumers in the CSME.

VACANCIES: CARICOM Competition Commission

March 25, 2019

CARICOM Competition Commission Vacancies

                     RECRUITMENT FOR THE POSITION OF SENIOR ACCOUNTANT
 
Applications are invited from interested and suitably qualified nationals of Caribbean Community (CARICOM) Member States and Associate Members of the Caribbean Community to fill the position of Senior Accountant at the CARICOM Competition Commission, situated in Paramaribo, Suriname.
 
For the full details, please click here.