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QC slams selection of Bimini as ‘model PPP’
An outspoken QC has slammed the selection of Bimini as a model tourism public-private partnership (PPP), arguing that the Resorts World project was “completely divorced from a harmonious relationship” with local Bahamians.
Baha Mar appoints ‘restructuring’ chief
Baha Mar yesterday pushed forward with its Chapter 11 plans by seeking US court permission to appoint a ‘chief restructuring officer; while Bahamian attorneys spent a second day attempting to thrash out the powers its joint provisional liquidators will possess.
Baha Mar ‘not too far gone’ for arbitration
The $3.5 billion Baha Mar dispute is “not so far gone” that professional arbitration will be unable to resolve it, the Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) chief executive yesterday arguing that such intervention was becoming more urgent by the day.
Court must back dismissal of top Baha Mar staff
Baha Mar’s senior management cannot be dismissed by the $3.5 billion project’s joint provisional liquidators without the Supreme Court’s permission, although regular employees can be released “in the ordinary course of business”.
National Insurance benefits
EDITOR, The Tribune.
Rollins ‘would consider’ running if FNM offered him nomination
AFTER saying he would not offer himself for re-election on the Free National Movement’s ticket, Dr Andre Rollins suggested yesterday that he would consider and potentially accept a constituency nomination if offered one by the FNM’s recently re-elected Leader Dr Hubert Minnis.
$315m lost in Baha Mar tax
IT is estimated that the government has lost $315m in tax revenue from the beleaguered Baha Mar resort due its opening delays and the court appointed receivership process, according to an economic impact report of the $3.5 billion property obtained by The Tribune.
Safeguards against 'sinister' liquidations
CHANGES to Bahamian insolvency law will prevent directors/shareholders from putting companies into voluntary liquidation for "sinister reasons", a leading accountant yesterday arguing that the amendments bring this nation "into line with model international law".
Drug years are where the decay started
I have read many letters in the press recently, some of which I can fully subscribe to, hence I hesitated to write one of my own. But certain events have now compelled me to write.
Judge steps aside from MP's civil trial
A SUPREME Court judge has recused himself from hearing Fox Hill MP Shonel Ferguson’s civil trial after revelations that Official Opposition Leader Philip “Brave” Davis is due to swear an affidavit in the matter, The Tribune can confirm.
Accountant opposed by own creditors committee
An accountant is facing opposition from his own liquidation committee as he bids to obtain over $1m in compensation for efforts to wind-up a collapsed Bahamian broker/dealer.
Liquidator concern on $8m taken from collapsed broker
A Bahamian broker/dealer’s liquidator has voiced concern that its majority shareholder and then-senior management removed over $8m in the two-and-a-half years prior to its insolvency.
Sebas’s Brickell in Govt PPP market
Sebas Bastian’s Brickell Management Group (BMG) has entered the public-private partnership (PPP) market through a contract to construct a new “multi-purpose” government office complex on Harbour Island.
Second Baha Mar SPV asset transfer
Baha Mar’s receivers and liquidators have left “no stone unturned” in their hunt for assets, quietly transferring a second tranche to the project’s secured creditor in December 2016.
Chamber endorses CEO over 10-year securities barring
The Chamber of Commerce last night fully endorsed its chief executive’s performance and integrity after details of his ten-year securities industry ban and total $210,000 fines emerged.Michael Maura, the Chamber’s chairman, in a signed statement desc
A COMIC'S VIEW: Connect the dots on marijuana legislation
PRIME Minister Minnis seems to be in the zone these days, in regards to legalising and decriminalising marijuana, both medicinally and recreationally here in the Bahamas.
Richardson and Giants set for ‘instant playoff classic’
No matter whether you’re a fan of the Los Angeles Dodgers or San Francisco Giants, first base coach Antoan Richardson said he’s hoping the Bahamian public will throw their support behind his Giants in one half of the National League Divisional Series.
Don’t ‘reinvent the wheel’ over Abaco mega project
An Abaco realtor yesterday queried why the Government was “reinventing the wheel” with new multi-million dollar resort projects when existing ones were for sale at a fraction of these sums.
With tourism, we're onto something positive
Several exciting things have been announced in the Bahamian tourism industry and more are in the pipe line, so to speak.
US warnings ‘threaten core of our existence’
The Bahamas “must do everything in our power” to combat US crime advisories, the Chamber of Commerce’s chief executive warning yesterday: “It threatens the very core of our existence”.
