You are a chief technocrat in the Ministry of Justice and have been tasked with conducting a speech on behalf of the Minister. The speech will be presented at the Summit of the Americas under the theme "Shifting the paradigm, Establishing a New and Unique Legal System in the Caribbean". You are tasked with:

1. Evaluating the Caribbean Court of Justice and its possible effectiveness as the final appellate court of the Caribbean and
2. Contrasting the Privy Council with the Caribbean Court of Justice.