Strategic Through Knowledge

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Navigating Estate Debts & Liabilities in Insolvent Estates

An executor of an estate is responsible for gathering and ascertaining all the assets and debts or liabilities of the estate. This information will help to determine whether an estate is solvent or insolvent. A solvent estate is one where the total value of the estate’s assets exceeds the debts of the estate. On the […]

Registration of a Business in Jamaica

Is it easy to do business in Jamaica? That is a question that has been on the mind of corporate investors, the Ministry of Finance, the Ministry of Industry and Commerce, the World Bank, the Financial Action Task Force (FATF), companies (small and large) and, especially, the aspiring local entrepreneur. It has been a goal […]

Notification to Clients Regarding the Trust and Corporate Services Providers Act

The transition period under the Trust and Corporate Services Providers Act (“the Act”), which affects entities and firms offering trust and corporate services, came to an end on April 24, 2023.  Pursuant to the Act, only persons who are licensed by the Financial Services Commission to provide these services or, being persons who formerly provided […]

MFG Community Health Fair

Director’s Duties; What is Expected

Being asked to join a company’s Board of Directors is often associated with great stature. There is a level of appreciation that is owed to the duties and responsibilities imposed on the director that they should, prior to accepting this role, be aware of, in order to properly discharge these duties. This is why the […]

Constitutional Reform in Context

Jamaica’s 61 years of democracy should not be taken for granted.  Successful government “of the people, by the people, for the people” requires the meaningful engagement and participation of every citizen.  Critical to any discussion of Jamaican democracy is an understanding of our Constitution, both in terms of its historical significance and its structure and […]

One Great Studio breaks IPO drought

Digital marketing company One Great Studio (1GS) has broken the drought for investors seeking to participate in initial public offers (IPO) this year, being the first to come to market. The company, which calls itself a “digital first” operation, will be seeking to raise $338.63 million in equity through its IPO, which will open on […]

AI: sufficiently recognized by the laws in the music industry? 

In an interview with The Associated Press on July 4, 2023, CEO and President of the Recording Academy, Harvey Mason Jr., articulated the following stance on Artificial Intelligence (AI) with respect to the Grammy Awards: “AI, or music that contains AI-created elements, is absolutely eligible for entry and consideration for Grammy nomination. Period…What’s not going […]

A Guide for Landlords

If you are currently leasing or planning on leasing your property, whether it is commercial or residential, there are a few key points you should consider that could possibly save you some time and money when dealing with your tenants. In Jamaica, the Rent Restriction Act (the “Act) is the primary legislation governing the relationship […]

Mixing Friends & Relatives and Business

Solid legal arrangements serve as the bedrock upon which successful and lasting friendships turned business alliances are built. The Jamaican proverb, “Good friend better than pocket money” is often declared with confidence and so too is Ziad K. Abdelnour’s saying that, “a truly rich man is one whose children run into his arms even when […]