BFSB

Well Functioning Judiciary Critical to International Investment

Thursday June 4th, 2009

A well functioning judiciary underpins the confidence essential to attracting international investment and is critical to sustaining the financial services industry. To put it simply, one of the cogent reasons that clients select The Bahamas as a jurisdiction for their business is that they are confident that the Bahamian courts can quickly and efficiently deal with issues that arise out of matters which are either transacted in The Bahamas or use Bahamian vehicles. A natural offshoot to business contracts and agreements is that disputes will arise. Consequently, the ability of this country’s courts to resolve business disputes and address matters efficiently will attract financial capital that is directly connected to the perceived strength of its judiciary. Where there is the perception that the judiciary is lacking, clients' confidence wanes and they take their business elsewhere.