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.
