The increasingly widespread use of blockchain technology is challenging both regulators and transactional lawyers alike to adapt existing legal concepts and regulatory structures. This session will explore a few of these challenges and how they are addressed under Bahamian law.
Crypto-Assets: A Regulatory Perspective
This segment will provide insight to the Securities Regulators’ perspective on crypto-assets as well as exciting initiatives currently being undertaken by the Commission. The regulator will also discuss the ethical standards being considered and a variety of ways to approach the ongoing regulation.
This session will provide a general overview of the Commercial Enterprises Act, 2017 and its application process. The speaker will discuss real world examples of how a variety of companies can leverage this Act to serve the needs of their businesses and clients.
Leap (But Look First): Opportunities Amidst the Minefield of US Tax Laws
Offshore legal and service providers are constantly warned of the complex reporting requirements when dealing with U.S. connected clients. Within that complex environment, however, lies opportunity. This segment will summarize relevant U.S. tax and reporting issues and focus on opportunities and solutions for the foreign service provider.
The CRS Case File of ABC and XYZ
ABC Trustees Ltd., a professional trustee group, is the trustee of the XYZ Discretionary Irrevocable Trust (the “Trust”). The class of beneficiaries of the Trust comprises the settlor (who is resident in Brazil for tax purposes) and the children and remoter issue of the settlor. The Trust has two wholly owned subsidiaries: Jo Johnson Limited and Higgs Higgins Ltd. This interactive session will include an analysis of due diligence, registration and reporting requirements in relation to a ‘typical’ trust structure.