The Ordinance confirms that the creation, formation, execution and performance of binding contracts can be effected by computers without human intervention.
The Code of Conduct Group were then instructed by the EU Council to undertake a screening process whereby jurisdictions, including Guernsey, were assessed
But lawmakers, rightly, took the opportunity to question what returns Cayman’s residents have thus far reaped from government’s considerable investment in OfReg.
Taxpayers need to be aware that it will be used increasingly – thus placing a higher burden on taxpayers, since the onus is on them to prove their returns are correct.” Says Jessica McLellan, a Director in Tax Risk at Blick Rothenberg.
Mike Johns, Chairman of GIIA, said: “We do not believe that policyholders should be exposed to unnecessary risk so that the insurer may pursue green and sustainable initiatives.
The Development Bank repossessed nearly $10 million of collateral during the 18-month period ending June 30, 2016, and more than $8 million the next period.