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Home > Country profiles > Bahamas > Articles > Article detail



There are no Country Representatives yet for Bahamas, please contact us if you are interested - info@mediationworld.net




Legal ?Liberalisation? Key To Arbitration Hub Goal

Tuesday, 30th September 2015

&quot;The Government appears prepared to allow international arbitration specialists to operate from the Bahamas without a work permit, as a Cabinet Minister yesterday reiterated that legal &lsquo;liberalisation&rsquo; was &ldquo;essential&rdquo; for this nation to become a dispute resolution hub.<p id="h92717-p5" style="margin: 0px 15px 10px 0px; padding: 0px; border: 0px; outline: 0px; font-size: 14px; vertical-align: baseline; background-color: transparent; font-family: 'Helvetica Neue', helvetica, Arial, sans-serif; line-height: 20px; color: #222222" class="permalinkable"><a style="margin: 0px; padding: 0px; border: 0px; outline: none; vertical-align: baseline; background-image: url('http://thetribune.media.clients.ellingtoncms.com/static/ellington_defaults/2.3.0/images/buttons/innerlink_button.png'); color: #18629d; text-decoration: none; opacity: 0; display: inline-block; position: absolute; width: 16px; height: 16px; z-index: -1000; left: 0px; -webkit-transition: opacity 0.1s ease-in, left 0.2s ease-in; transition: opacity 0.1s ease-in, left 0.2s ease-in; background-repeat: no-repeat no-repeat" href="http://www.tribune242.com/news/2015/sep/24/legal-liberalisation-key-arbitration-hub-goal/#h92717-p5" class="permalink">#</a>Hope Strachan, minister of financial services, used separate speeches (see article on Page 3) to reinforce her view that the Bahamian legal profession must &lsquo;open up&rsquo; if this nation is to both maintain its international financial services standing and diversify business opportunities.</p><p id="h92717-p6" style="margin: 0px 15px 10px 0px; padding: 0px; border: 0px; outline: 0px; font-size: 14px; vertical-align: baseline; background-color: transparent; font-family: 'Helvetica Neue', helvetica, Arial, sans-serif; line-height: 20px; color: #222222" class="permalinkable"><a style="margin: 0px; padding: 0px; border: 0px; outline: none; vertical-align: baseline; background-image: url('http://thetribune.media.clients.ellingtoncms.com/static/ellington_defaults/2.3.0/images/buttons/innerlink_button.png'); color: #18629d; text-decoration: none; opacity: 0; display: inline-block; position: absolute; width: 16px; height: 16px; z-index: -1000; left: 0px; -webkit-transition: opacity 0.1s ease-in, left 0.2s ease-in; transition: opacity 0.1s ease-in, left 0.2s ease-in; background-repeat: no-repeat no-repeat" href="http://www.tribune242.com/news/2015/sep/24/legal-liberalisation-key-arbitration-hub-goal/#h92717-p6" class="permalink">#</a>Addressing a luncheon given by the Chartered Institute of Arbitrators (CIArb) Bahamas branch, Mrs Strachan sought to reassure the Bahamas Bar Association and its members that they would not be squeezed out of business by foreign competition.</p><p id="h92717-p7" style="margin: 0px 15px 10px 0px; padding: 0px; border: 0px; outline: 0px; font-size: 14px; vertical-align: baseline; background-color: transparent; font-family: 'Helvetica Neue', helvetica, Arial, sans-serif; line-height: 20px; color: #222222" class="permalinkable"><a style="margin: 0px; padding: 0px; border: 0px; outline: none; vertical-align: baseline; background-image: url('http://thetribune.media.clients.ellingtoncms.com/static/ellington_defaults/2.3.0/images/buttons/innerlink_button.png'); color: #18629d; text-decoration: none; opacity: 0; display: inline-block; position: absolute; width: 16px; height: 16px; z-index: -1000; left: 0px; -webkit-transition: opacity 0.1s ease-in, left 0.2s ease-in; transition: opacity 0.1s ease-in, left 0.2s ease-in; background-repeat: no-repeat no-repeat" href="http://www.tribune242.com/news/2015/sep/24/legal-liberalisation-key-arbitration-hub-goal/#h92717-p7" class="permalink">#</a>She added that certain practice areas, such as real estate and family and criminal law, would be &ldquo;strictly reserved&rdquo; for Bahamian attorneys and their law firms.</p><p id="h92717-p8" style="margin: 0px 15px 10px 0px; padding: 0px; border: 0px; outline: 0px; font-size: 14px; vertical-align: baseline; background-color: transparent; font-family: 'Helvetica Neue', helvetica, Arial, sans-serif; line-height: 20px; color: #222222" class="permalinkable"><a style="margin: 0px; padding: 0px; border: 0px; outline: none; vertical-align: baseline; background-image: url('http://thetribune.media.clients.ellingtoncms.com/static/ellington_defaults/2.3.0/images/buttons/innerlink_button.png'); color: #18629d; text-decoration: none; opacity: 0; display: inline-block; position: absolute; width: 16px; height: 16px; z-index: -1000; left: 0px; -webkit-transition: opacity 0.1s ease-in, left 0.2s ease-in; transition: opacity 0.1s ease-in, left 0.2s ease-in; background-repeat: no-repeat no-repeat" href="http://www.tribune242.com/news/2015/sep/24/legal-liberalisation-key-arbitration-hub-goal/#h92717-p8" class="permalink">#</a>And Mrs Strachan, acknowledging that her position had caused controversy in certain quarters, pledged to work with the Bahamas Bar Association to reach a common position on &lsquo;liberalisation&rsquo; that all sides can live with.</p><p id="h92717-p9" style="margin: 0px 15px 10px 0px; padding: 0px; border: 0px; outline: 0px; font-size: 14px; vertical-align: baseline; background-color: transparent; font-family: 'Helvetica Neue', helvetica, Arial, sans-serif; line-height: 20px; color: #222222" class="permalinkable"><a style="margin: 0px; padding: 0px; border: 0px; outline: none; vertical-align: baseline; background-image: url('http://thetribune.media.clients.ellingtoncms.com/static/ellington_defaults/2.3.0/images/buttons/innerlink_button.png'); color: #18629d; text-decoration: none; opacity: 0; display: inline-block; position: absolute; width: 16px; height: 16px; z-index: -1000; left: 0px; -webkit-transition: opacity 0.1s ease-in, left 0.2s ease-in; transition: opacity 0.1s ease-in, left 0.2s ease-in; background-repeat: no-repeat no-repeat" href="http://www.tribune242.com/news/2015/sep/24/legal-liberalisation-key-arbitration-hub-goal/#h92717-p9" class="permalink">#</a>Confirming that the Ministry of Financial Services had been charged with developing the Bahamas into an international arbitration hub, Mrs Strachan told the CIArb and its members that it had identified &ldquo;four key areas&rdquo; that were &ldquo;essential&rdquo; to this objective.&quot;</p><p id="h92717-p9" style="margin: 0px 15px 10px 0px; padding: 0px; border: 0px; outline: 0px; font-size: 14px; vertical-align: baseline; background-color: transparent; font-family: 'Helvetica Neue', helvetica, Arial, sans-serif; line-height: 20px; color: #222222" class="permalinkable">Read further: &nbsp;</p>


Web-link: http://www.tribune242.com/news/2015/sep/24/legal-liberalisation-key-arbitration-...
Language: English
Contact: Neil Hartnell


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