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Bahamas 'leveraging all' avenues over arbitration
A Cabinet minister yesterday said The Bahamas is "leveraging all avenues" to establish itself as an international arbitration centre and exploit alternative dispute resolution (ADR).
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‘Deck stacked in our favour’ on arbitration
THE PRIME Minister yesterday described The Bahamas’ efforts to establish itself as an international arbitration centre as “long overdue”, and added: “The deck is stacked in our favour.”
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PM backs Arbitration Council’s formation
The Prime Minister has authorised the formation of a nine-member Arbitration Council as a first step in developing this nation as a major dispute resolution hub, a Cabinet Minister saying yesterday: “We want to be the arbitration gateway to Latin and North America”.
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Bahamas needs 'right people' for arbitration hub success
THE Bahamas must have “the right people” with the required knowledge and expertise if it is going to be taken seriously as an international arbitration hub, an international believes.
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Arbitration takes centre stage at BFSB's summit
Bahamian and international experts will be part of a featured panel at the upcoming International Business and Finance Summit (IBFS) that is being hosted by the Bahamas Financial Services Board (BFSB) in Bimini this weekend.
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Bahamas potential 'centre of choice' on cruise disputes
The Bahamas has “a very good chance of being the arbitration centre of choice” for the thousands of employment-related claims generated annually by cruise ship crews, an industry expert believes.
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Immigration: Blame Bar Council, not us
The Immigration minister yesterday lashed out at suggestions that “inflexible” policies were preventing the Bahamas from becoming an international arbitration centre, adding that it was the Bahamas Bar Council which effectively determined whether foreign attorneys could be brought in.
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Long verdict waits do 'the most harm' to legal standing
The often-lengthy time taken by the Judiciary to render judgments “does more harm” to the Bahamas’ reputation “than anything else”, a Cabinet Minister has warned.
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Bahamas 'nation of choice' through Arbitration Centre
The Government will “table shortly” international arbitration centre legislation aimed at helping The Bahamas become the investor’s “jurisdiction of choice”.Brent Symonette, minister of financial services, trade and industry and Immigration, told a M
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Bahamas ‘satisfactory’ as US arbitration alternative
A US attorney with extensive experience in international arbitration said yesterday that the Bahamas would be a “satisfactory” jurisdiction for companies that may not want to use the United States, suggesting there could also be opportunities for this nation in Latin America.
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International arbitration centre plans moving ‘full steam ahead’
Plans towards the establishment of The Bahamas as an international commercial arbitration centre are moving “full steam ahead”, Minister of Financial Services Hope Strachan said yesterday.
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Arbitration Centre plan 'will not succeed' if Immigration Inflexible
The Bahamas’ International Arbitration Centre ambitions have “no real prospect of being successful” unless this nation adopts a “smart” Immigration policy that allows parties to bring in their own, foreign attorneys, a leading QC warned yesterday.
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‘Bahamianisation’ more a curse than a blessing, says QC
IN AN interview with our business editor last week an outspoken QC declared that “Bahamianisation has been more of a curse to The Bahamas than a blessing”.
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Domestic centre to position nation as 'dispute innovator'
The private sector is hoping that plans to launch a domestic arbitration centre this year will position the Bahamas as “one of the innovators” in the Caribbean, and prevent companies throwing money “into a black hole” legally.
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Ex-justice: Mandate Bahamas cruise ship disputes heard here
A retired Supreme Court justice yesterday called on all Bahamas-flagged cruise ships to require that passenger disputes be mediated in this nation as way to kickstart this nation’s international arbitration hub ambitions.
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Bahamas must be an ‘Atlantic tiger’ over arbitration
The Bahamas must become the “Atlantic tiger” in arbitration and alternative dispute resolution (ADR) rather than staying a “Caribbean pussy cat”, a former Bar Association chief urged yesterday.
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GBPA braces for govt to launch arbitration
THE Grand Bahama Port Authority (GBPA) is bracing for the Government to formally initiate arbitration proceedings as early as this week after talks failed to break the deadlock over the latter’s $357m demand.
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Chamber rejects Baha Mar wind-up rationale
The Bahamian private sector yesterday rejected the Government’s position that winding-up Baha Mar is the quickest way to complete the project, instead recommending independent arbitration/mediation as the best route to “salvage” the $3.5 billion development.
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Domestic arbitration to launch by fall '14
The Bahamian private sector is hoping to launch its domestic arbitration centre by the end of the Summer early Fall, Tribune Business has been told.
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Corporate redress regime upheld with $33m verdict
The Supreme Court has prevented the Bahamas being perceived as “a parochial, quirky jurisdiction” for international business through its recent ruling on a $33 million insolvency dispute, a former attorney general said yesterday.
