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ArawakX full wind-up sealed without a fight
THE Bahamas’ first-ever crowd funding platform’s fate was yesterday sealed without a fight after its former principals effectively consented to its liquidation amid claims of a near-$4m insolvency.
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ArawakX ‘to be reported’ to police amid $4m insolvency
The Bahamas’ first-ever crowd funding platform is suffering from a near-$4m insolvency, its provisional liquidators have asserted, as they prepare to report “multiple criminal infractions” to the police.
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08142023 HOME BUYER'S GUIDE
Monday, 14th August, 2023.
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Judge bids to protect $2.3m for City Markets pensioners
The Supreme Court has upheld an injunction seeking to preserve $2.288m for the benefit of City Markets pensioners even though 75 percent of this sum may already have been paid out to “third parties”.
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Oil explorer fearing up to $500m harm
The Bahamas Petroleum Company (BPC) fears it could suffer "up to $500m in economic harm" if environmental activists succeed with yesterday's legal bid to halt its oil drilling plans.
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STATESIDE: Better than Broadway - and, for once, the lead actor didn’t fluff his lines
Tuesday’s State of the Union speech by US President Donald Trump was worth watching. But not really for anything that was said. It became compelling political theatre for what wasn’t said.
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Pharmacists lose licence renew bid
Twelve pharmacists have seen their bid for an injunction to force the industry’s self-regulatory body to renew their licences rejected by a Court of Appeal judge. Appeal justice Roy Jones turned down their application on the grounds that the Bahamas
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GIBSON TRIAL: Witnesses’ testimony ‘coached’ by police
LAWYERS for former Cabinet minister Shane Gibson filed documents in the Supreme Court yesterday alleging the statements of two key prosecution witnesses have been “tainted” and are not reliable, painting a picture of “unprecedented levels of witness coaching and evidence alteration” at the hands of lawyers and the Anti-Corruption Unit.
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Presure group sceptical on no GB Power rate rise
The head of a pressure group that has been pushing for lower Grand Bahama Power Company (GBPC) tariffs yesterday expressed scepticism over its promise not to increase rates for the next five years, suggesting it was “all a public relations cover-up”.
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No power rate increase for Grand Bahama customers
DESPITE some $27.5m in power restoration costs post Hurricane Matthew, Grand Bahama Port Authority Vice-Chairman Sarah St George announced that there will be no rate increase to consumers in Grand Bahama.
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No GB electricity rate rise for five years
Grand Bahama residents and businesses will see no increase in their electricity rates “for the next five years”, after the island’s utility agreed to absorb Hurricane Matthew’s $27.5 million restoration costs itself.
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Appeal court upholds attempted murder conviction
THE Court of Appeal has affirmed a jury’s conviction of a man who stabbed his estranged wife 14 times during a holiday visit to the Bahamas.
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Judicial review amid FNM Fort Charlotte concerns
AN ORDER for a judicial review was granted yesterday against FNM Leader Dr Hubert Minnis, party Chairman Sidney Collie and FNM Secretary General Michael Foulkes over a “tainted and fraudulent” election process in the Fort Charlotte constituency, according to documents filed in the Supreme Court.
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Baha Mar relief: Breezes injunction bid rejected
Baha Mar and the Government are likely breathing a sigh of relief after the Supreme Court rejected SuperClubs Breezes work-stopping injunction bid, finding the $3.5 billion developer was at “greater risk of prejudice”.
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Court extends hotel injunction
A SUPREME Court justice yesterday extended an injunction that prevents the Bahamas Hotel Catering and Allied Workers Union from engaging in industrial action over an ongoing gratuity dispute with the Melia Nassau Beach Resort.
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Adverse Privy Council alarm sparked Bimini dredge permit signing
The dredging permit for the controversial Bimini cruise terminal project was only produced after attorneys for the Government and developers realised the Privy Council was likely to decide it was necessary.
