Bahamas: M&A/Private Equity

The U.S. Court of Appeals for the First Circuit has recently decided a case of first impression regarding whether a private equity fund could be liable to a multiemployer pension fund for the withdrawal liability of a bankrupt portfolio company.

Minister Maynard-Gibson addressed a "Special Programme for Intermediaries in Nassau" (SPIN) earlier this week. This first SPIN for the year 2005, targeting the private wealth management sector, was hosted by the Bahamas Financial Services Board (BFSB) in collaboration with the Association of International Banks & Trust Companies in the Bahamas (AIBT).

Amendments to the International Business Companies Act 2000 have resulted in legislative enhancements that reinforce the IBC as an important part of the comprehensive range of products and services available from Bahamian service providers.