Search results for : Fiduciaries
April 04, 2024
Paradise Island lighthouse entrepreneur plans to take land battle to the Privy Council
NASSAU, BAHAMAS – Bahamian businessman Captain Toby Smith plans to take his case to the London-based Privy Council after the Court of Appeal, in a majority ruling last month, dismissed his appeal, affirming that he lacked a valid and enforceable Crown Land lease agreement for land on Paradise Island. Smith has filed an application to [...]
March 18, 2024
Court of Appeal dismisses appeal of P.I. lighthouse entrepreneur in majority decision
NASSAU, BAHAMAS — In a majority ruling, the Court of Appeal dismissed an appeal by Captain Toby Smith, affirming that he lacked a valid and enforceable Crown Land lease agreement for land on Paradise Island. Chief Justice Ian Winder had ruled in February 2023 that there was no binding lease agreement between Captain Smith and [...]
FTX Trading suing SBF, other former FTX execs
July 24, 2023
FTX Trading suing SBF, other former FTX execs
FTX Trading Ltd. is suing former FTX Chief Executive Officer Sam Bankman-Fried, and former FTX executives Zixiao "Gary" Wang, Nishad Singh and Caroline Ellison for more than $1 billion in the US Bankruptcy Court of the District of Delaware, leveling 48 collective counts dealing with the misappropriation of FTX and Alameda funds against the quartet, according to the complaint filed on Thursday.
Financial sector operations shrink 7.5% in 2022
June 15, 2023
Financial sector operations shrink 7.5% in 2022
Total financial sector operations reduced by 7.5 percent in 2022, The Central Bank of The Bahamas (CBOB) revealed in its just released survey on the gross economic contribution of the financial services sector in The Bahamas.
FTX US on the attack
March 21, 2023
FTX US on the attack
The United States (US) debtors for FTX, The Bahamas-based cryptocurrency exchange that imploded last year, have asked a Delaware judge to rule that FTX Digital Markets (DM), the Bahamian arm of the company, has no ownership in FTX's cryptocurrency, intellectual property or customer information.
Govt told - be tough on taxes
May 14, 2021
Govt told - be tough on taxes
A TOP banker believes the government should put politics aside and make some unpopular decisions in the upcoming budget, saying the country is in a "precarious" position.
Govt concludes NHI request for proposals process
November 28, 2016
Govt concludes NHI request for proposals process
As the implementation date for National Health Insurance (NHI) approaches, the government is one step closer in its progress towards universal healthcare with the closure of receiving bids for a private firm to manage the public insurer related to NHI.
October 24, 2016
Sterling Global Financial Renames Award-winning Real Estate Mortgate Fund
Bahamas-based Sterling Global Financial, a comprehensive real-estate based financial services wealth management firm with more than $9 billion under administration, announced it has officially renamed its flagship mortgage income fund.
BISX anticipates less fundraising in 2016
October 21, 2016
BISX anticipates less fundraising in 2016
The Bahamas International Securities Exchange Limited (BISX) said after a high period of fundraising over the last two years, from a pure fundraising point of view, market observers anticipate that 2016 will be a slightly lower year given that many of the private sector issuers that were seeking to refinance debt they already have, according to a BISX article published in 'The Bahamas Investor' Ju...
September 21, 2016
Bahamas-based Sterling Global Financial reports sale of Rolling Acres, calls sale of Florida shopping center "a significant success"
Sterling Global Financial, a global real estate based financial services provider with $9 billion under administration and offices in Nassau, Bahamas and the Cayman Islands, announced today it has sold a popular shopping center near Orlando, Florida, an investment it made just over three years ago.
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