Most Read Contributor in Cayman Islands, September 2016
The Ministry of Financial Services, Commerce and Environment is
sending two bills – one regarding gambling in the cruise ship
industry, and one relating to the licensing of liquor vendors
– for debate in the Legislative Assembly this month.
The Gambling (Amendment) Bill 2015 would allow gambling on
cruise vessels if they are: (1) registered in the Cayman Islands
under a contract of carriage from a major cruise carrier; (2)
passenger ships, carrying more than 12 people; and (3) in
international waters and on an international voyage between Cayman
and another port of call. The bill also clarifies that gambling is
not permitted on any vessel while it is in port in the Cayman
Islands or in Cayman's territorial waters.
Financial Services Minister Wayne Panton said the amendment will
not affect local vessels.
'This bill is aimed solely at the cruise ship industry',
Minister Panton said. 'Cayman's legislation will continue
to ban all forms of gambling within the Cayman Islands, including
on local commercial and recreational vessels'.
For liquor licensing, the bill would modify the current
licensing procedure by seeking to remove the requirement to lift
the current moratorium, in order for the Liquor Licensing Board to
grant new liquor licences. The board also can establish moratoria
on licensing grants for such periods as Cabinet may stipulate.
Furthermore, the bill adds an obligation under the Liquor
Licensing Law (2000 Revision) whereby every liquor licence holder
must also possess a valid trade and business licence.
In addition, the bill proposes to change the constitution of the
Liquor Licensing Board. In Grand Cayman, the board would double
from five to ten members, with representatives from the Department
of Commerce and Investment, the Department of Planning and the
Department of Environmental Health. For the Sister Islands, there
would be an increase from five to eight members.
All Liquor Licensing Board meetings would remain open to the
public; however board members would now be able to attend via
teleconference or other electronic means if they cannot attend in
Minister Panton said addressing the procedure for granting new
licences would mitigate current practices with regard to the
leasing of licences.
'We have seen where the moratorium has allowed current
licence holders to "rent" their licences to others for
large amounts', he said. 'This bill proposes the
elimination of that practice, by tying licences to businesses
through the Trade and Business Licensing Law. Therefore, if a
business ceases its operations, its liquor licence also becomes
The bill also seeks to remove the requirement that licensed
premises remain open for the duration of the hours specified on
individual licences; states that liquor can only be sold by the
trade and business licence holder; and calls for trade officers, at
the request of the liquor licensing board, to inspect licensed
premises and report whether the premises are being used in
accordance with their licences.
Upon the amendment's passage and enactment, the penalty for
noncompliance with the Liquor Licensing Law would be a maximum fine
of up to $10,000 upon summary conviction.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
Following an evaluation of Hong Kong in 2008, the Financial Action Task Force ("FATF")1 identified the following deficiencies in the Hong Kong anti-money laundering ("AML") and counter-terrorist financing ("CTF") regime
Public-private partnerships are a growing trend in many countries, and are fast becoming an efficient mechanism for large energy and infrastructure projects and essential services in Sub-Saharan Africa.
Last week Chief Minister Fabian Picardo, in the company of his Deputy Dr Joseph Garcia and newly-appointed Attorney General Michael Llamas, inaugurated the new Gibraltar office in Brussels...
Some comments from our readers… “The articles are extremely timely and highly applicable” “I often find critical information not available elsewhere” “As in-house counsel, Mondaq’s service is of great value”
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).