HSM IP LTD
The long-awaited Trade Marks Act, No. 8 of 2015, (‘the New Act’) and accompanying Trade Marks Regulations, 2020, (‘the Regulations’) came into effect in Trinidad and Tobago on 25 June 2020. The Act was originally passed in June 2015, but Read more +
With many Intellectual Property (IP) media sources citing a reduction in the number of IP filings since the start of the COVID-19 outbreak around the world, HSM IP is pleased to report that in May 2020 we saw a rise Read more +
The Cayman Islands Intellectual Property Office (CIIPO) is working remotely during the COVID-19 crisis and as a way to assist brand owners, has extended the deadline for the payment of 2020 annual fees for IP rights to 30 June 2020 Read more +
Sunday, 26 April 2020 marks the 20th World Intellectual Property (IP) Day, with the theme this year being “Innovate for a Green Future”. Every IP practitioner will, at one time or another, experience the administrative burden of preparing, executing, Read more +
INTA Bulletin: Cayman Islands - New Data Protection Law Comes into Effect
The Data Protection Law, 2017 (the Law) came into force in the Cayman Islands on September 30, 2019. The Law fills a noticeable gap in the existing legislation and will help to ensure that internationally accepted data protection and data privacy standards are adhered to in this key off-shore jurisdiction.
According to the Law, personal data (broadly defined) must be obtained and processed in accordance with several key principles. For example, data must be accurate, adequate, processed fairly, obtained only for one or more specified lawful purposes, relevant and not excessive with respect to the purpose for which it was collected, and kept up to date where necessary.
Cayman Islands businesses will need to ensure that adequate data protection policies and procedures are implemented to ensure compliance. Businesses will also need to ensure that they can meet any requests for access to personal data from data subjects, as well as quickly address any breaches that may arise.
Penalties for noncompliance include fines of up to CI $100,000 (approximately US $120,000) per breach and/or imprisonment for a term of up to five years. Serious contraventions of the Law likely to cause substantial damage or distress to data subjects may also result in monetary penalties of up to CI $250,000.