‘Early trial’ urged for $1.61m theft-accused attorney
The Court of Appeal has called for the “early trial” of a Bahamian attorney accused of theft and fraud relating to more than $1.6 million worth of real estate transactions, due to the delays caused by his “misconceived” actions.
Baha Mar liquidator Order still awaited
Baha Mar was still awaiting the court Order appointing the joint provisional liquidators and spelling out their powers after the business close at 5pm yesterday, Tribune Business can reveal.
13 ‘bad’ borrowers who sank BOB are revealed
The identities of the 13 ‘bad’ borrowers who sank Bank of the Bahamas (BOB), and caused its $100 million taxpayer ‘bail out’, can be revealed by Tribune Business today.
Resort’s business down 80% via 15 year amenity loss
A Freeport timeshare resort is blaming the loss of “about 80 per cent” of its business on the 15-year failure of successive Royal Oasis owners to live up to their access and amenity provision obligations.
‘Proof in pudding’ that Baha Mar wind up strategy failing
A Baha Mar director believes Friday’s Supreme Court ruling is “proof in the pudding” that the Government’s winding-up strategy has failed to achieve its goals, and has only created “more confusion and uncertainty”.
Hilton deal ‘conflicted’ Gov’t over Baha Mar
The Government’s “conflict of interest” over the $200 million British Colonial Hilton expansion meant it should never have attempted to act as an impartial mediator in the Baha Mar dispute.
Insurers: NHI talks are ‘step in right direction’
The Bahamas Insurance Association’s (BIA) chairman says National Health Insurance (NHI) discussions with the Government are moving “in the right direction”, although different estimates on the scheme’s costs remain “a main sticking point”.
TRIBUNE BUSINESS OPINION: New approach needed to break Baha Mar deadlock
Neil Hartnell suggests how to exploit the breathing space provided by the Supreme Court and resolve the 10-month impasse
Gov’ts initial Baha Mar winding-up ‘highly irregular’
Justice Ian Winder has “struck out” the Government’s original $59 million ‘omnibus’ petition to wind-up Baha Mar for being “highly irregular”, although he did allow those by several of its key agencies to move forward.
Munroe slams E&Y’s presence in court
The Government dropped Ernst & Young as its provisional Baha Mar liquidators due to concerns that it had done work for the developer and was also a creditor.
BICA: Legal battle brews on voting ‘irregularities’
A furious legal battle is brewing over allegations of “voting irregularities” in the election of Bahamas Institute of Chartered Accountants (BICA) council members, Tribune Business can reveal.
Bahamian companies wait two years for $1m fraud recovery pay
Bahamian companies battling to recover assets lost in a $400 million financial fraud are experiencing “financial stress” themselves because they have not been paid almost-$1 million due for two years’ work.
LOI controversy costs a Stellar $1m and more
The waste-to-energy company at the centre of the Renward Wells ‘Letter of Intent’ controversy yesterday said the saga had cost it “over $1 million”, one executive adding: “I wish we had never got it”.
Security ‘aversion’ sees $100k demand on Judicial Review
A well-known QC’s “aversion” to covering the Government’s legal costs in Judicial Review cases has sparked a $100,000 demand, and allegations that it is attempting to “derail” litigation over the Hawksbill Creek Agreement.
Cable ‘self-serving’ on limiting facility share
Regulators last night slammed Cable Bahamas’ “self-serving” argument that newly-developed infrastructure sharing regulations be confined to the mobile market, as they unveiled another key step essential towards its liberalisation.
