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Article

McKinney Bancroft & Hughes | Bahamas | 30 Apr 2019

Removal of Preferential Exemptions Act, 2018

The Removal of Preferential Exemptions Act, 2018 (the “Act”) was enacted in December 2018 to abolish “ring-fencing,” a term used to describe a

Article

McKinney Bancroft & Hughes | Bahamas | 30 Apr 2019

Commercial Entities (Substance Requirements) Act, 2018

The Commercial Entities (Substance Requirements) Act, 2018 (the “Act”) came into force on 31 December, 2018, to ensure compliance with

Article

McKinney Bancroft & Hughes | Bahamas, OECD | 30 Apr 2019

Multinational Entities Financial Reporting Act, 2018

In July 2018 The Bahamas government passed the Multinational Entities Financial Reporting Act, 2018 (the “MNE Act”), which is deemed to have come into

Article

McKinney Bancroft & Hughes | Bahamas | 30 Apr 2019

Register of Beneficial Ownership Act, 2018

The Register of Beneficial Ownership Act (the “Act”) came into force on the 20 December, 2018. The Act provides for the Competent Authority to

Article

McKinney Bancroft & Hughes | Bahamas | 23 Jan 2019

Financial Services Trust & Private Client

Companies are incorporated under the Companies Act by two or more persons signing a memorandum which satisfies the requirements of the relevant

Article

McKinney Bancroft & Hughes | Bahamas | 31 Jul 2018

Enhancements to The Bahamas’ Anti-Money Laundering Regime: the Financial Transactions Reporting Act, 2018

In the Mutual Evaluation Report of July 2017, the Caribbean Financial Action Task Force (“CFATF”) identified substantial gaps in The Bahamas’ legal

Article

McKinney Bancroft & Hughes | Bahamas | 31 Jul 2018

Liability for oil spills emanating from ships in Bahamian waters

Marine pollution, in its varying forms, adversely affects oceans, coastal zones and marine ecosystems upon which humans significantly depend. Oil

Article

McKinney Bancroft & Hughes | Bahamas | 5 Jul 2018

Changes in The Bahamian environment: How we can reduce our carbon footprint

As we approach the peak of the summer season, there is one constant which Bahamians have grown to expect: higher temperatures. With the rise of the

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