If I was Bahamar I would have done exactly what they did. The key question I would have ask, "can you point to me a company that has been successfully reorganized under Bahamian law". We can't even liquidate properly(Clico and Gulf Union). The only person who gains from our system is the receiver who continue to receive his payment before all other claims. All you have to do is ask the receiver for Clico who continues to collect a handsome fee.

The Supreme Court couldn't successfully wind up Gulf Union Bank or Clico so please tell me how will they be successful with a 3.5 billion dollar company.

Ironically, Fred Mitchel was a thorn in Mr. Rokers side.

We could assume that the object pointed was not a gun because the police would have emphasis that a gun was pointed. The key question is how much people will point an object at a police who has a gun pointed at them (not many).An officer would never report " I panick and started shooting."Cases like these always favor the police.

Fred Mitchell first stint as chief diplomat was brilliant. He was able to secure private meetings with Condoleezza Rice and he did brilliant work on behalf of the Bahamas and the region as a whole. His second time around is as bad as his first time was good.He fight with the Haitians and Cubans in Florida(even if it justifiable our chief diplomat should always be above the fray). He went head to head with the late Dr. Myles Munroe and now this. Get it together Fred or let the Prime Minister know that you no longer have the restraint necessary when it comes to diplomacy.

Its only $200 for us to be competent. That's a bargain.

Bahamar probably got a history lesson on what happen with Gulf Union Bank and Clico. I am a Bahamian and I don't even want our courts dealing with criminal matters. Send the criminal cases to Texas and I could assure you we will have our first hanging for the new millineum

Get rid of the Privy Council is the first step needed to claim sovereignty. Oh, I am sorry, we can't make a claim something we never had.

If your parents was born before 1960, it is quite difficult to locate a birth certificate especially if they were born in the out islands(loss records abound). The authorities then demand you produce affidavits from two persons who know your parents. As the years go by especially with dead parents it becomes "mission impossible".

I can understand why Bahamar would choose to file in the US and not the Bahamas. Our laws have not sufficiently evolve to deal with complicated bankruptcy cases. At present if a company declares bankruptcy in The Bahamas our laws requires a receiver to be appointed who would then move to satisfy respective creditors. This process then get stall for years because of in-adequate legal structures (Gulf Union Bank, Clico etc). The Government decided to side with the Chinese because like the old cliche states "who has the money makes the rules."