Raising debate on the Arbitration (Amendment) Bill, 2023 and the International Commercial Arbitration Bill, 2023 in the Senate yesterday, Minister of Economic Affairs Michael Halkitis said the legislation is integral, as The Bahamas prepares itself to meet the increasing global demand for arbitration and trust dispute resolution. Data from international arbitration institutions shows a near ten
Ministers discuss the future of arbitration in The Bahamas with Chartered Institute of Arbitrators ewnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ewnews.com Daily Mail and Mail on Sunday newspapers.
PM: Govt focused on making Bahamas a leading arbitration center Prime Minister Dr. Hubert Minnis. FILE
Prime Minister Dr. Hubert Minnis yesterday committed the government to charting a new course to develop a uniquely Bahamian model that would position this jurisdiction as a leading center for international commercial arbitration in the Americas.
He opened the Ministry of Financial Services, Trade & Industry and Immigration’s Alternative Dispute Resolution (ADR) Forum, which was held virtually yesterday.
Minnis said in charting a new course, the ADR industry has partnered with the government to develop a model that encompasses all forms of alternative dispute resolution, ensuring that it is competitive and successful.