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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".
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.
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.
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.
More than 100 investors at risk of losing crowdfund investment
A former Colina Insurance Company chief and at least 115 fellow investors are in peril of losing most, if not all, their combined $2.4m-plus investment in the insolvent ArawakX crowd-funding platform.
Gambling referendum to cost $5m
ABSOLUTE scandal! Obviously, National Security Minister Dr Bernard Nottage did not realise the Pandora’s box he opened this weekend with the announcement that the January 28 gambling referendum has cost the Bahamian tax payer about $5 million, especially as Prime Minister Christie — who is also Finance Minister — had some weeks earlier estimated a cost in the region of $1 million plus.
National Sculling Championships to highlight Long Island regatta
BAHAMIAN Brewery and Sands Beer will take its ‘Man in the Boat’ National Sculling Championships to the 40th annual Long Island Regatta in Salt Pond next weekend and will be the sponsors of the E Class sailing competition.
Misogyny claims over Glenys ban 'laughable'
HOUSE Speaker Halson Moultrie said yesterday it is “laughable” to suggest misogyny played a part in the disciplinary action he took in naming and suspending Englerston MP Glenys Hanna Martin in Parliament last week. He also insisted he did not breach
Police hunt for wanted men
GRAND Bahama police are searching for two men who are wanted for questioning in connection with armed robbery, housebreaking and stealing incidents on the island.
Police bail extended for man accused of stealing $40,000
AN Eleuthera man accused of stealing more than $40,000 from his employer between 2009 and 2012, had his police bail extended in the magistrates court yesterday until he is formally arraigned in Eleuthera next week.
Govt plans increase to redundancy 'cap'
The Labour Department’s Industrial Relations Unit has enjoyed an 89 per cent success rate in resolving trade disputes over the past 12 months, a Cabinet Minister said yestrerday. Dion Foulkes, minister of labour, told the Senate during his contributi
Bahamas broker’s clients: ‘We’ll be left with nothing’
Deloitte & Touche liquidators and their attorneys have been awarded over $1m in costs despite clients of a collapsed Bahamas broker/dealer voicing fears this payment leaves nothing for them to recover.
‘Golden Sisters’ to mark 15th anniversary of Bahamas’ first gold medal in athletics
COME September 30, ‘Golden Girls’ 4 x 100 metre relay team of Eldece Clarke, Savatheda Fynes, Chandra Sturrup, Debbie Ferguson-McKenzie and Pauline Davis-Thompson will celebrate their 15th anniversary of winning the Bahamas’ first gold medal in athletics at the 2000 Olympic Games in Sydney, Australia.
Accountants brace for surge in insolvencies
Bahamian accountants are bracing for “an uptick” in corporate insolvency work during the 2021 second half with companies already moving to restructure as hopes for a quick economic rebound fade.
Deandre Ayton and 'buddy' Hield head-to-head
WHEN the NBA preseason tips off, a matchup of Bahamian players will highlight the schedule right away to announce the 2018-19 season.Deandre Ayton and Buddy Hield will have their first head-to-head game in the NBA when Ayton’s Phoenix Suns host Hield
Dominican Republic gets 87-80 win over Bahamas
After getting blown out in the first half, the Bahamas men's national team regained their composure in the second half and cut the deficit to two before eventually losing down the stretch to the Dominican Republic 87-80 on day three of the CentroBasket Tournament in Panama.
Wilson 'back as BUT president'
Unofficial results of the BUT general election last night revealed that incumbent president Belinda Wilson has been reelected as president of the union for the third time.
Bahamas ‘can’t lose’ over Baha Mar outcome
The Bahamas “can’t lose” in the long-term regardless of who ultimately ends up controlling the $3.5 billion Baha Mar development, a prominent businessman believes.
The sky ain't falling
I write in response to The Tribune’s editorial dated December 9, 2014, under the heading, “A failed economy and no accurate information.”
Local pastor has prayers answered thanks to bionic manhood
PHILLIP*, a member of the local clergy, spent thousand of dollars and years trying to achieve an erection, all to no avail. Impotence drugs, a penile pump and injections did nothing to help his deflated manhood to rise again.
