Fears have been voiced that FTX’s co-founder violated a Bahamas Supreme Court Order when he placed some 134 group entities under Chapter 11 bankruptcy protection in Delaware.
HERE’S a name you thought might have disappeared from the political map of the world – Boris Johnson. Bear with me, though, this isn’t just about what happened in faraway Britain.
The joint provisional liquidators for FTX’s Bahamian subsidiary are “guaranteed” to go after any payouts to local investors if they violated the Supreme Court freeze imposed as the crypto exchange imploded, it was revealed yesterday.
An $80m marina investment for southern New Providence is pledging to transform “a hazardous location” blighted by trash dumps and stolen boats via a project that will create 220 permanent jobs at full build-out.
A former Association of Bahamas Marinas (ABM) president says he has suffered “the worst Thanksgiving in 30 years” while linking the drop-off in boating traffic directly to VAT’s imposition on foreign yacht charters.
The Attorney General last night blasted that it was “a gross oversimplification of reality” for the world to blame The Bahamas for FTX’s collapse as no country had moved “as quickly” to tackle the crypto exchange’s implosion.
LAST week Friday was the first day of the Global 16 Days Campaign which was started by the Centre for Women’s Global Leadership in 1991. The campaign, which begins on November 25 — International Day for the Elimination of Violence Against Women (IDEVAW) — every year and end on December 10 — Human Rights Day — was started to focus on ending violence against women.
OVER the next few days, there will seem to be no end to the conversations about COP27.
The Securities Commission was yesterday investigating the crisis that has left The Bahamas’ flagship digital assets investor on the brink of collapse after a rival crypto currency exchange walked away from a rescue deal.
Sarkis Izmirlian received more than three months’ warning from his major resort partner that it would only begin accepting bookings from June 1, 2015, as the resort’s target opening was “not a viable option”.
WE often cook up public policy in The Bahamas in a similar manner to which an unsatisfying and innutritious meal is slapped together. There is little forethought, no clear recipe, with all kinds of slam bam ingredients hurriedly mixed together.
The seemingly-forced sale of The Bahamas’ flagship digital assets investor will not undermine the country’s ambitions to become a major “hub” in this space, a prominent banker argued yesterday.
WE ARE rapidly coming to the end of another year that our government has not made the necessary changes to legislation toward gender equality or for the advancement of women.
BAHAMAS REBUTS FTX ACCESS CLAIMS: Securities Commission given lawful permission to transfer assets to ‘a safer space’
The Securities Commission last night debunked accusations the Government “directed unauthorised access” to FTX’s systems, and aided the withdrawal of digital assets, in violation of Bahamian and US court orders.
CHINA has been much in the news recently. Public protests about the nation’s zero-COVID policy have hit the headlines, not least because in an authoritarian state dominated by the CCP - the Chinese Communist Party - such dissent, including calls for freedom and for President Xi Jinping to stand down, is unprecedented. Amidst violent clashes, there has been a massive police presence and heavy crackdown in major cities including Beijing and Shanghai and stiff penalties imposed on those concerned.