About
Provided by Lennox Paton
Lennox Paton's financial services team has over three decades of experience in providing sound legal counsel to financial institutions on banking and trust matters in The Bahamas.
The team's key areas of focus and clientele include:
Banks and Trust Companies
Securities Business
Share Issuances
Insurance Providers
Investment Fund Administrators
Financial and Corporate Service Providers
Financial Services Advisory
Financial Products and Instruments
Our Financial Services team is highly sought after to represent domestic and international financial institutions, banks, trust companies and multinational companies, as well as HNW and UHNW individuals and their advisors worldwide.
Work Highlights:
- The team maintains a strong working relationship with government and has drafted or assisted in the drafting of key financial services legislation in The Bahamas. Examples include:
- Automatic Exchange of Financial Information Act
- Commercial Entities (Substance Requirements) Act
- Register of Beneficial Ownership Act
- Multinational Entities Financial Reporting Act
- Investment Funds Bill 2019
- Digital Assets and Registered Exchange Bill
- Draft Sandbox Parameters
- Advising the government on significant legal matters such as, Blacklisting of The Bahamas by the OECD and EU and tax reform.
- “Project Sand Dollar” - advising the Central Bank of The Bahamas on the legal and regulatory framework in respect of the creation and operation of the Central Bank backed digital currency, called "Sand Dollar".
