In what could be termed a landmark decision, Justice K. Neville Adderley, in a recent ruling, stated that the G-20 and the Organization for Economic Cooperation and Development (“OECD”) should not be eager to assume wrongdoing on the part of individuals making use of Bahamian offshore financial institutions. In a case involving the Fraudulent Dispositions Act 1991, as well as numerous allegations of dishonesty, deceit and conspiracy, Justice Adderley meticulously outlined the history of the action within his 109 page Ruling.

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The Commercial Entities (Substance Requirements) Act, 2023

The Commercial Entities (Substance Requirements) Act, 2023 (“CESRA”) imposes an annual reporting obligation on H&J Corporate Services Ltd. (“H&J...

CESRA

Multinational Entities Financial Reporting Act, 2018 Register of Beneficial Ownership (Amendment) Act 2020 Register of Beneficial Ownership (Amendment) Act,...