The Bank of N.T. Butterfield & Son Limited reported net income of $26.1 million for its first quarter ending 31 March 2004.

Minister Maynard-Gibson presented opening remarks at the STEP Caribbean Conference today at the Atlantis Paradise Island Resort.

The Bahamas has become the first premier Common Law jurisdiction to introduce Foundations, and this article represents the second in a series of reports on this new product in The Bahamas’ toolkit.

The Bahamas is the first premier Common Law jurisdiction to introduce Foundations. Wendy Warren, CEO & Executive Director of the Bahamas Financial Services Board, says that in launching its Guide to Foundations, The Bahamas as a Common Law country has looked beyond its boundaries and traditions to be of greater relevance for estate planning by persons from civil law countries.

The Probate and Administration of Estates Act (the "Act") was assented to on 8 February, 2011 and came into effect on 1 June, 2011.

In The Bahamas, new legislation continues to be introduced to stimulate further growth and development of the country's well-established financial services sector.

In order to distribute or take possession of a deceased person’s property situated in The Bahamas a Grant of Probate or Letters of Administration must be obtained from the Bahamian Courts.