Let's first hear from the business community what complex international financial legal assistance they're interested in accessing that's lacking variety. Cause right now this sound like a favor for the corporations who'll first use these lawyers to sue the government and get out of paying due tax.
I bet this writer knows more on the market than the finance minister herself. Question is have the financial heads pursued those relationships , to get branches? Do they even know the qualified specialists here?
And how would we regulate all the bad, scheming , slime-defending lawyers who'd think they could always defend their acts or buy their way off as last resort ?
> boost the offshore financial sector through other avenues, such as computerising the companies registry, and advertising and consulting international tax experts on new products and revenue streams. If it does move forward with liberalisation, I would suggest permitting only a small cadre of top foreign tax lawyers to set up shop in the Bahamas; their Bahamian practices should be limited to providing specific tax advice on trusts, foundations, investment funds, foreign exchange companies, FATCA and IRS compliance for US residents.
Doable indeed. That and in areas where Bahamians would need local foreign lawyers for business and issues abroad, having a local foreign lawyer for investments away, ect. Don't fling doors wide open.
Shouldn't be allowed to bring a foreign lawyer to government on a Bahamian issue. They know foreign lawyers will get better perception. The jury will be swayed by foreign lawyers 100% of the time. Between two foreign companies , fine.
> Government demanded that foreign law firms partner with their local counterparts as a condition for ‘opening up’ the legal services market.
How else will Bahamians have upward mobility or compete in the longrun if not?
Every foreign business has a branch at their international destinations that is localized. Requiring that the specialists be signed on to a local firm where that firm can then benefit from implementing their strategies is growth.
Why does being an arbitration hub have to be for foreign arbitrators? Two clients might prefer arbitrators without potential cultural bias but then why would those two choose out of country arbitration in the first place? What capability does our government have for needing to get involved in matters finalized here with foreign lawyers?
I think settling matters is Bahamian strength and it's Bahamian lawyers that are in surplus. A foreign lawyer isn't going to know our legal system better than a local so there's also an area of worse service. It also opens the door to foreign practice setting precedents and changing our policies.
killemwitdakno says...
Let's first hear from the business community what complex international financial legal assistance they're interested in accessing that's lacking variety. Cause right now this sound like a favor for the corporations who'll first use these lawyers to sue the government and get out of paying due tax.
http://www.tribune242.com/news/2015/oct…
On Bahamianisation ‘more a curse than a blessing’
Posted 26 July 2016, 5:42 a.m. Suggest removal
killemwitdakno says...
I bet this writer knows more on the market than the finance minister herself. Question is have the financial heads pursued those relationships , to get branches? Do they even know the qualified specialists here?
On RICHARD COULSON: Foreign lawyers needed to reverse offshore drop
Posted 26 July 2016, 5:35 a.m. Suggest removal
killemwitdakno says...
Imagine unnumbered aggressive Freds..
And how would we regulate all the bad, scheming , slime-defending lawyers who'd think they could always defend their acts or buy their way off as last resort ?
On Bahamianisation ‘more a curse than a blessing’
Posted 26 July 2016, 5:19 a.m. Suggest removal
killemwitdakno says...
http://www.tribune242.com/news/2015/sep…
On Bahamianisation ‘more a curse than a blessing’
Posted 26 July 2016, 5:16 a.m. Suggest removal
killemwitdakno says...
> boost the offshore financial sector through other avenues, such as computerising the companies registry, and advertising and consulting international tax experts on new products and revenue streams. If it does move forward with liberalisation, I would suggest permitting only a small cadre of top foreign tax lawyers to set up shop in the Bahamas; their Bahamian practices should be limited to providing specific tax advice on trusts, foundations, investment funds, foreign exchange companies, FATCA and IRS compliance for US residents.
Doable indeed. That and in areas where Bahamians would need local foreign lawyers for business and issues abroad, having a local foreign lawyer for investments away, ect. Don't fling doors wide open.
On Don’t gamble away the legal profession
Posted 26 July 2016, 5:15 a.m. Suggest removal
killemwitdakno says...
We're also known for our lawyers.
On Don’t gamble away the legal profession
Posted 26 July 2016, 5:14 a.m. Suggest removal
killemwitdakno says...
> Will canabilise the business of Bahamian attorneys.
Indeed. COB better start offering dual country legal degrees.
On Don’t gamble away the legal profession
Posted 26 July 2016, 5:13 a.m. Suggest removal
killemwitdakno says...
Shouldn't be allowed to bring a foreign lawyer to government on a Bahamian issue. They know foreign lawyers will get better perception. The jury will be swayed by foreign lawyers 100% of the time. Between two foreign companies , fine.
On Legal liberalisation: Bahamians can be ‘dog wagging tail’
Posted 26 July 2016, 5:11 a.m. Suggest removal
killemwitdakno says...
> Government demanded that foreign law firms partner with their local counterparts as a condition for ‘opening up’ the legal services market.
How else will Bahamians have upward mobility or compete in the longrun if not?
Every foreign business has a branch at their international destinations that is localized. Requiring that the specialists be signed on to a local firm where that firm can then benefit from implementing their strategies is growth.
On Legal liberalisation: Bahamians can be ‘dog wagging tail’
Posted 26 July 2016, 5:08 a.m. Suggest removal
killemwitdakno says...
Why does being an arbitration hub have to be for foreign arbitrators? Two clients might prefer arbitrators without potential cultural bias but then why would those two choose out of country arbitration in the first place? What capability does our government have for needing to get involved in matters finalized here with foreign lawyers?
I think settling matters is Bahamian strength and it's Bahamian lawyers that are in surplus. A foreign lawyer isn't going to know our legal system better than a local so there's also an area of worse service. It also opens the door to foreign practice setting precedents and changing our policies.
On Bahamianisation ‘more a curse than a blessing’
Posted 26 July 2016, 4:51 a.m. Suggest removal