During his contribution to the 2010-2011 Budget Debate presentation in May, the Hon. Zhivargo Laing, State Minister of Finance, noted that The Bahamas will be compliant with the International Organisation … Read More
Legal
Electronic Work Permit System
The Bahamas Government has signed a contract with Indusa Global, a Greenville, South Carolina-based information technology development and consulting firm, for an estimated $12.7 million to provide four systems under … Read More
New Governor General Sworn In and Presents Speech from The Throne
H.E. Arthur Alexander Foulkes, Knight Commander of the Distinguished Order of St. Michael and St. George, was sworn in today as the eighth Governor-General of The Commonwealth of The Bahamas. … Read More
New Bahamas Insurance Act
##Introduction## The Insurance Act 2005, which came into force on July 1 2009, introduced a new system for licensing and regulating domestic insurers based on the international standards prescribed by … Read More
Improving the Business Environment
In his mid-year budget presentation to Parliament today, the Rt. Hon. Hubert Ingraham spoke to improving the business environment, touching specifically on the streamlining of the regulation of the financial … Read More
International Business & Finance to be Nurtured in 2010
In his annual speech to the nation Bahamas Prime Minister the Rt. Hon. Hubert Ingraham pointed to targeted efforts toward securing and growing financial services and a new investment promotion … Read More
New Legislation points The Bahamas towards Arbitration
A new Arbitration Act 2009 has been Gazetted in The Bahamas as well as the Arbitration (Foreign Arbitral Awards) Act 2009, which addresses matters of international arbitration. The new arbitration … Read More
Investment Funds (Amendment) Act 2010
Proposals relating to various amendments to the Investment Funds Act, 2003 have been tabled in Parliament. Some of these amendments more broadly define Bahamas-based and non-Bahamas-based investment funds so as … Read More
Opening of Legal Year 2010
Sen. The Hon. John K.F. Delaney, Attorney General and Minister of Legal Affairs, spoke to the Justices of Appeal, the Registrar and staff of the Court of Appeal on the … Read More
Jurisdiction update: The Bahamas Insurance Sector
In response to the recent global initiatives targeting offshore financial centers, the Bahamian government has taken steps to bolster its financial services sector through the enhancement of legislation regulating offshore … Read More