Maritime Boundary Award
The Arbitral Tribunal constituted to establish a maritime boundary between Guyana and Suriname under the 1982 United Nations Convention on the Law of the Sea (“1982 Convention”) on the 17th day of September 2007 made its determination of the maritime boundary between Guyana and Suriname.
The Award, which includes a finding of jurisdiction to consider the Parties’ maritime delimitation claims, establishes a single maritime boundary between Guyana and Suriname that differs from the boundaries claimed by each of the Parties in their pleadings before the Arbitral Tribunal. The boundary for the most part follows the equidistance line between Guyana and Suriname. However, in the territorial sea, the boundary follows a N10°E line from the starting point to the three nautical mile limit, and then a diagonal line, from the intersection of the N10°E line and the three nautical mile limit, to the intersection of the twelve nautical mile limit and the equidistance line."
Maritime Award Press Release
Award Decision
Guyana Bar Association Law Lecture Series 2007
Injunctions by Robin M.S. Stoby. S.C. Senior Partner. Hughes Fields & Stoby. Saturday 21st July 2007.
New Regulations for insurance Companies in Guyana
On the 19th day of July 2007 the Minister of Finance issued new regulations
pursuant to the powers vested in him under section 17 of the 1998 Insurance Act.
The regulations set out the form and manner applications for registration under
part VII of the Insurance Act 1998 should be prepared and completed.
The regulations apply to both local and external insurers.
The instructions to Guyana Incorporated company applicants and External
insurance company applicants will be posted shortly on this site.
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