Pretty good explanation, but not sure relevant if a Court has found the Firm's Client liable for failings in performing matters of the Firm's engagement and I doubt the Client, in this case an Insurer itself, will allow the Firm to escape liability simply because the Firm maintains it discharged its duties, when again, a Court has held to the contrary. On the face of it, the Firm will need to appeal the Florida Judgement, failing which, they must accept liability, if asked to assume, which again would seem inevitable on the face of it.
Looks like GSO messed this one up, just hope their indemnity insurance is good, otherwise joint and several liability will probably mean they are out of business and their Partners are personally on the hook for any shortfall, not to mention loss of reputation.
Rewarding people for failing in business?!? What next? If they had made a profit, would they have shared their good fortune? They "voluntarily" took the risk. Business 101, no risk, no glory! If I go out of business too, can I now look for reimbursement of investment, salaries, customs duties, VAT, business license fees, NIB, etc.? Presumably yes, as precedent now set! Maybe we should ask Greece if we can be a Colony of theirs, as understanding debt and avoiding repayment of debts appear to be something we very much have in common!
The arrogance and disrespect demonstrated by Izzie is unforgettable, but I am sure his Father has dealt with his wayward Son's embarrassing folly into the tough world of business by removing him from the Family fortune he so gleefully squandered with the simple reminder that "it is much harder to make it than it is to lose it", now please Son go and get a job like everyone else and stop relying on inheritance, as you blew it to the huge embarrassment of not only the Izmirlian Family, but also the Governments of China and The Bahamas, a true international spectacle only a villain in a James Bond Movie could dream of achieving.
Well, well done Guys. Let us try as a Nation to use this as watershed moment to turn back the tide of crime and win back our Country so we can actually, as the PM often says, be the best little Country in the World.
Probably went to the Good Doctor to "borrow" some "number money", but when the Good Doctor said "No, but you can do some handyman work for which I will pay you and you can spend the money as you see fit", that was the end of the Good Doctor.
Scotiabank is a business and as such operates to make a profit, unlike our Government run entities which appear to simply be used to employ political favorites however incompetent at the expense of the tax paying public. Nonetheless, Scotiabank has been a major corporate sponsor throughout The Bahamas and to my personal amazement operates with only 3 ex-pats on Work Permits. Yes, 3, now think of all the Bahamians employed today and over the years, together with benefits enjoyed. If anything, Scotiabank should be heralded as a model for our international commercial banking community, certainly not chastised, as believe me, they have options they can implement if they are made to feel unwelcome, which of course will only lead to more lay-offs, so think carefully before you criticize.
Never heard of the Guy, but looks like our internationally "unreknowned" Entertainers thought they could blackmail the Government into paying them over the top money to perform, when they should be eager and willing to support our Country in promoting an exciting new touristic product, so hats off to the Government and the Commission for protecting our tax dollars.
Baha10 says...
Does anyone else feel as if we are about to witness political history being made just before our 42nd Anniversary?!?
On BLINDSIDED: PM admits govt caught off-guard on Baha Mar
Posted 1 July 2015, 6:06 p.m. Suggest removal
Baha10 says...
Pretty good explanation, but not sure relevant if a Court has found the Firm's Client liable for failings in performing matters of the Firm's engagement and I doubt the Client, in this case an Insurer itself, will allow the Firm to escape liability simply because the Firm maintains it discharged its duties, when again, a Court has held to the contrary. On the face of it, the Firm will need to appeal the Florida Judgement, failing which, they must accept liability, if asked to assume, which again would seem inevitable on the face of it.
On Law firm strikes back at developer over title defects
Posted 8 June 2015, 7:40 p.m. Suggest removal
Baha10 says...
Looks like GSO messed this one up, just hope their indemnity insurance is good, otherwise joint and several liability will probably mean they are out of business and their Partners are personally on the hook for any shortfall, not to mention loss of reputation.
On Resort developer wins $4m title woe damages
Posted 24 May 2015, 11:51 a.m. Suggest removal
Baha10 says...
Rewarding people for failing in business?!? What next? If they had made a profit, would they have shared their good fortune? They "voluntarily" took the risk. Business 101, no risk, no glory! If I go out of business too, can I now look for reimbursement of investment, salaries, customs duties, VAT, business license fees, NIB, etc.? Presumably yes, as precedent now set! Maybe we should ask Greece if we can be a Colony of theirs, as understanding debt and avoiding repayment of debts appear to be something we very much have in common!
On FNM questions payouts for stallholders
Posted 21 May 2015, 6:51 p.m. Suggest removal
Baha10 says...
The arrogance and disrespect demonstrated by Izzie is unforgettable, but I am sure his Father has dealt with his wayward Son's embarrassing folly into the tough world of business by removing him from the Family fortune he so gleefully squandered with the simple reminder that "it is much harder to make it than it is to lose it", now please Son go and get a job like everyone else and stop relying on inheritance, as you blew it to the huge embarrassment of not only the Izmirlian Family, but also the Governments of China and The Bahamas, a true international spectacle only a villain in a James Bond Movie could dream of achieving.
On Baha Mar guest: ‘I’ll only return to look at the ruins’
Posted 18 May 2015, 7:26 p.m. Suggest removal
Baha10 says...
Well, well done Guys. Let us try as a Nation to use this as watershed moment to turn back the tide of crime and win back our Country so we can actually, as the PM often says, be the best little Country in the World.
On Man dies in early morning shootout with police
Posted 16 May 2015, 9:18 p.m. Suggest removal
Baha10 says...
Probably went to the Good Doctor to "borrow" some "number money", but when the Good Doctor said "No, but you can do some handyman work for which I will pay you and you can spend the money as you see fit", that was the end of the Good Doctor.
On 88-year-old Canadian killed in home invasion
Posted 7 April 2015, 12:42 p.m. Suggest removal
Baha10 says...
So much for Long Island being an option for an Out Island retreat from Nassau!
On Suspect in Long Island fatal stabbing in police custody
Posted 5 April 2015, 6:31 p.m. Suggest removal
Baha10 says...
Scotiabank is a business and as such operates to make a profit, unlike our Government run entities which appear to simply be used to employ political favorites however incompetent at the expense of the tax paying public. Nonetheless, Scotiabank has been a major corporate sponsor throughout The Bahamas and to my personal amazement operates with only 3 ex-pats on Work Permits. Yes, 3, now think of all the Bahamians employed today and over the years, together with benefits enjoyed. If anything, Scotiabank should be heralded as a model for our international commercial banking community, certainly not chastised, as believe me, they have options they can implement if they are made to feel unwelcome, which of course will only lead to more lay-offs, so think carefully before you criticize.
On Gibson criticises Scotiabank - and warns of hotel layoffs
Posted 2 April 2015, 12:21 a.m. Suggest removal
Baha10 says...
Never heard of the Guy, but looks like our internationally "unreknowned" Entertainers thought they could blackmail the Government into paying them over the top money to perform, when they should be eager and willing to support our Country in promoting an exciting new touristic product, so hats off to the Government and the Commission for protecting our tax dollars.
On Soca star to be paid $100k for Carnival
Posted 31 March 2015, 7:58 p.m. Suggest removal