As laws, regulations and business challenges evolve we must be sure we adapt quickly and effectively

As laws, regulations and business challenges evolve we must be sure we adapt quickly and effectively.

The Commercial Entities Substance Requirements Act (CESRA) 2018 requires all legal entities registered in The Bahamas to comply with economic substance reporting by submitting an annual filing...

2020 saw the modernisation of key financial services legislation. The Central Bank of The Bahamas sought to consolidate and modernise its primary legislation, repealing and replacing the Banks and Trust Companies Regulations Act.

So it is best to engage an attorney early.

This article considers the tax consequences of transferring Bahamian real property held by a company for estate planning purposes.

The guide provides practical cross-border insight into restructuring and insolvency law. T

Lennox Paton acted for Nilon Limited who succeeded in their defence of a claim to rectify their share register brought by Royal Westminster Investments SA.

The Bahamas is a common law jurisdiction. The legislative provisions of the Rules of the Supreme Court govern the procedure of the Courts in conducting litigation, and common law precedent is also relied on.

The Act further encourages exemption of real property taxes.

FTX Digital was put into provisional liquidation on the basis of a regulators petition presented by the Securities Commission of The Bahamas ("SCB") on the basis that FTX Digital

Abaco, Grand Bahama and the surrounding Cays were severely impacted by Hurricane Dorian in 2019.

The Chief Justice of the Commonwealth of The Bahamas, Sir Ian Winder has issued Cross-Border Insolvency Practice Direction No. 14 of 2023...

On 1 March 2021 Prime Minister Dr Hubert Minnis announced a Real Property Tax (RPT) Forgiveness Programme which will provide waivers to Bahamian and non-Bahamian property owners in The Bahamas who are in arrears.

The incubator fund will appeal to managers who want to move quickly and establish a track record whilst keeping set-up costs low and without having to comply with onerous regulatory obligations.

The BVI Arbitration Act came into force on 1 October 2014 and epitomises the BVI's support for arbitral proceedings both within the jurisdiction and abroad.

On 11th March 2020, The World Health Organization declared COVID-19 a pandemic.

The Bahamas has an unregistered land system that is based on the conveyancing laws of England and Wales prior to 1925.

A second home in The Bahamas has been a highly sought-after commodity for international buyers from time immemorial.

Since 2001, international organisations such as FATF have pressured offshore financial centres like the Bahamas to pass legislation to increase transparency within our financial services sector.