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THE Bahamas should adopt the United Nations model law on international trade, and have a single regime for domestic and international arbitration, an industry expert stated yesterday.Datuk Professor Sandra Rajoo, director of the Kuala Lumpur Regional
The Restructuring and Insolvency Specialists Association (RISA Bahamas) has held its first roundtable discussion on proposed reforms to The Bahamas’ insolvency framework.
The Restructuring and Insolvency Specialists Association (RISA Bahamas) is to host a roundtable discussion on proposed changes to this nation’s insolvency legislation.
Bahamian contractors have called for more attorneys to specialise in construction arbitration, suggesting that provisions for such forms of dispute resolution be made mandatory in their contracts.
Two Bahamian students won a trip to Miami for an arbitration event, where they gained expertise from the world’s leading practitioners.
THE Bahamas is aiming to adopt the United Nations (UN) model law on arbitration, Cabinet minister said yesterday.Brent Symonette, who was speaking at the opening of Royal Fidelity’s Economic Outlook conference, said: “We hope to adopt the UNCITRAL mo
A leading attorney has proposed the creation of an international arbitration body in the Bahamas, telling Tribune Business yesterday that this nation must “proceed without further delay” to see off Caribbean competitors.
The Government’s plans to adopt United Nations (UN) model law into Bahamian legislation will enable this nation to match leading international arbitration jurisdictions for “high quality service’, a legal specialist said yesterday.
The Bahamas must do much more than just pass laws if it is to realise a 20-year ambition to become “this hemisphere’s arbitration centre”, a well-known QC has warned.
A Cabinet Minister said yesterday that a Bahamian international arbitration centre would be built around the “three pillars” of trade, maritime and financial services, confirming that a Memorandum of Understanding (MoU) had been finalised for domestic arbitration.
THE government intends to keep separate regimes for domestic and international arbitration to ensure legal “certainty and clarity”, a Cabinet Minister has confirmed.
THE Bahamas will never become an international arbitration centre until it its Immigration policies become more “flexible”, allowing parties to bring in their own arbitrators and lawyers.
THE Ministry of Financial Services is finalising a Memorandum of Understanding (MoU) with the Bahamas Chamber of Commerce and Employers Confederation (BCCEC) to build the “capacity and framework” for domestic arbitration, the Minister of Financial Services revealed yesterday.
The courts must “not interfere inappropriately” if the Bahamas is to establish itself as a leading international arbitration centre, a top practitioner agreeing that this nation already possesses many of the requirements for success.
The Bahamas can become the “21st century International Arbitration seat for the Americas”, a leading practitoner said yesterday, adding that it would take a five-year process for it to establish itself as such.
Dispute resolution clauses providing for arbitration were included in recent Heads of Agreement struck with international investors, as the Government seeks to make this the “standard” for all its commercial dealings.
The Bahamas must “move very quickly” to fulfill its potential as the Caribbean’s arbitration hub, a leading attorney yesterday warning that ever-increasing competition was already “on our heels”.
CARICOM’s founding treaty could provide the basis for a Bahamas-based regional arbitration centre, bringing the local economy “full circle” by supporting financial services, trade and industry.
AS LONG ago as 2006, imaginative lawyers like Bar leader Peter Maynard as well as financial executives began encouraging arbitration in the Bahamas.
The Bahamas can still realise its international arbitration centre ambitions despite being “late to the game” after 10-15 years of mere “talk”, a well-known QC argued yesterday.