Foreign Direct Investment …points to complaints about judicial delaysA recent report from the United States Economic Affairs Bureau has painted an unflattering picture of Guyana’s legal system and the way it doles out justice in contractual and civil matters. Among other things, the report cites complaints of sloth in the Judiciary As a factor in its analysis.Guyana was among other countries that had their investment climates assessed by the US Department of State for 2018. The report makes it clear that the problem is not legislation; it’s the enforcement of said legislation.“Sufficient legislation exists in Guyana to support foreign investment in the country, but implementation of relevant legislation continues to be inadequate. The objectives of the Investment Act of 2004 are to stimulate socio-economic development by attracting and facilitating foreign investment,” it states.The Department noted that other relevant laws include the Income Tax Act, the Customs Act, the Procurement Act of 2003, the Companies Act of 1991, the Securities Act of 1998, and the Small Business Act.It was pointed out however, that the regulators are still required to act in order for much of these legislative measures to be implemented. And even though the State Department acknowledged that there is no known case of executive interference, it noted that the court systems are still perceived as lacking.“The judicial system is generally perceived to be slow and ineffective in enforcing legal contracts. The 2018 World Bank’s Doing Business Report states that it takes 581 days to enforce a contract in Guyana. Suspected corrupt practices and long delays make the courts an unattractive option for settling investment or contractual disputes, particularly for foreign investors unfamiliar with Guyana.”“In order to redress this obstacle to investment, the Government of Guyana, with support from the Inter-American Development Bank (IDB), established a Commercial Court in June 2006. Given Guyana’s growth potential, there is need for expansion and strengthened capacity in the near future.”In summing up, the State Department noted that implementing the legal framework remains inadequate as the judicial system is slow and ineffective in enforcing legal contracts.The Department also noted that there have been no recent cases of expropriation. It went on to advise that all companies should conduct due diligence and seek appropriate legal counsel to have any concerns resolved prior to doing business in Guyana.Persons have long complained about the sloth of the Judiciary. A recent case was Opposition Leader Bharrat Jagdeo, who had noted back in June that more than three years after his party filed an election petition in the High Court, the matter continued to languish in the courts.
Advertisement Twitter Advertisement Andra ShefferCEO, Independent Production FundThe IPF invests in the production of scripted drama series created for any platform – digital or traditional television.She was the founding Executive Director of the Bell Fund (1997-2014) which supports interactive digital media projects associated with Canadian television programs. Previously, she was the founding Executive Director of the Academy of Canadian Cinema and Television producing the annual Genie and Gemini Awards (now the Canadian Screen Awards). She lectures on the business of television and digital media and is the editor of publications about the business of TV and digital media production: New Media, New Business: The Producer’s Guide (2001), Create a Winning Proposal – the Handbook for New Media Producers (1999) and the co-editor of MAKING IT: The business of film and television production in Canada (1986 & 1995).She also served as Managing Director of the Toronto International Film Festival, with the federal government as a Certification Officer setting up the original CAVCO office (and Canadian content “point” system), and at the Film Festivals Bureau promoting Canadian films internationally. She has been awarded the Digital Media Trail Blazer award by the Academy of Canadian Cinema and Television, the Champion of Digital Innovation Tribute at Merging Media , an Award of Excellence by the Digi Awards, an Outstanding Achievement Award from the Youth Media Alliance, and has been inducted as an Industry Builder into the Playback Hall of Fame.Elizabeth Friesen, Executive Director, Telus FundElizabeth Friesen is Executive Director of the TELUS Fund overseeing finance, administration, operations and program design. Elizabeth is also a certified Project Management Professional and brings more than 25 years of senior leadership experience and a proven set of tools and techniques to her consulting engagements. In 2010, Elizabeth obtained a Masters Certificate in Project Management from York University and Prosci certification as a Change Management Professional. She has since managed implementation of a renewed medical education curriculum at the University of Washington’s School of Medicine, analysis of distributed education alternatives for the Province of Alberta, and the launch of a new channel for Knowledge Network. Langara College and CMPA have also engaged Elizabeth to facilitate meetings and build consensus across complex stakeholder groups. Former senior positions include Chief Operating Officer at Telefilm Canada where Elizabeth was responsible for a +$100M portfolio of media investments. She also led English, French and International Operations, research and strategic planning, and the launch of innovative public private initiatives.John DippongNational Project Lead, Western Region and OntarioJohn Dippong is National Project Lead – Western Region and Ontario, based in Telefilm Canada’s Vancouver office. He is responsible for identifying and implementing regional strategies, partnerships and special initiatives, and managing Telefilm’s Promotion Program. John was also Western Region Feature Film Executive for 12 years, where he was responsible for managing Telefilm’s portfolio of feature film development and production decisions. Prior to joining Telefilm, John worked in feature film production and film festival organization and programming.Christine ChiuAnalyst, CreativeBCChristine is an analyst in the development department for the Project Development Fund, Passport to Markets and International Industry Initiatives programs.Prior to working at Creative BC, Christine worked for ten years in the business affairs departments at various film and television production companies in Vancouver and Toronto. She also worked in film and TV distribution sales in Toronto and Hong Kong.Kim GuiseDirector of Local and Original Programming, TelusKim Guise oversees a multi-million dollar portfolio supporting BC and Alberta filmmakers and organizations. Since joining TELUS in 2013, Kim has played a key role in setting TELUS’ local content strategy and enabling TELUS to be an innovator and leader in local programming and the creative industries. Kim is passionate about enabling people from diverse backgrounds and experiences to tell stories that are meaningful to them and their communities.Suzanne LaceyProgram Manager Bell FundPrior to the Bell Fund Suzanne held numerous management positions in the media industry from project management to broadcast scheduling and executive in charge of production for factual and dramatic series. A Queen’s Film graduate, Suzanne was a decision maker at the Hot Docs Industry Forum for several years and has a certificate in Digital Media from OCAD.Christine LarsenVWF Board of DirectorsModeratorMedia insider Christine is the latest addition as Co-Chair to the VWF family. Christine is a veteran media business consultant, with an extensive background at Creative BC and BC Film. For more than a decade, she has managed industry relationships for development funding, digital media strategies, broadcast and distribution. Christine is a former Executive Board member for Women in Film & Television Vancouver (WIFTV) where she served for 2 years and is the 2016 recipient of the prestigious WIFTV Wayne Black Service Award.CLICK HERE FOR ADDITIONAL INFORMATION ON THE VANCOUVER WEB FESTGet your tickets and passes to this amazing festivaleBOSS Canada has a 50% off discount for talentClick HERE to register and use Promo Code: VWF18Talent Advertisement Login/Register With: Facebook Need funding for your next project? Come to the 2018 Vancouver Web fest and meet Canada’s Funders. The panel will include representatives from CMF, IPF, TELEFILM, STORYIVE, CREATIVE BC, BELL FUND and TELUS FUND.Get your tickets and passes to this amazing festivaleBOSS Canada has a 50% off discount for talentClick HERE to register and use Promo Code: VWF18TalentNathalie ClermontDirector of Program Management, CMFNathalie Clermont has worked for more than twenty years in the film and television industry, with extensive experience in financing. She acts as a key advisor on CMF policies and programs, ensures consistency in service standards and the application process, and ensures that file analysis is accurate, fair, and consistent, in accordance with the CMF guidelines. Previously, Ms. Clermont was team leader of the Business Affairs Unit at the Société de développement des entreprises culturelles (SODEC) for 15 years. Ms. Clermont holds a B.A. in Film, Communications, and Public Relations from the Université de Montréal. LEAVE A REPLY Cancel replyLog in to leave a comment