Daily Archives: September 1, 2006

World’s Investors Watch Barbados Court Case

Knox Vs. Cox High Court of Barbados Ruling Will Be Important

A precedent-setting hearing starts today in the High Court of Barbados, and the case is being watched by investors all over the world.

The clash is between the old way of doing things vs. the new standards.

Historically in developed countries the will of majority shareholders of a company could never be questioned by the minority, even if the majority were damaging the company, even if the majority were stripping the assets out of the company or wasting them, even if they were doing things that lined their pockets so that the minority would eventually get nothing….you know that story.

Then things changed. One by one new corporate laws were passed in European and North American jurisdictions which gave minority shareholders and other ‘little people’ an oppression remedy. This is the power to have the Court examine all corporate affairs and transactions and, where undermining of the complainant’s economic rights is established, apply the appropriate remedies.

Barbados, which strives to treat everyone as fairly as possible, wisely realized that this was an important tool in this quest and made it law in Barbados.

But the law has never been tested. The Courts have never been asked to apply it.

Until now.

So everyone is watching the Knox v Cox case as being an important barometer for how investors will be treated in Barbados. And so are we.

In future articles we will look at the oppression remedy and what great strides have been made for the underdog. If appropriate– we don’t want to interfere with the process of the court- we will provide some background.

UPDATES

* Thanks to a BFP reader for alerting us that Harvard Law School website has picked up this story and also posted it at their Global Voices project. (Link here)

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Filed under Barbados, Business & Banking, Crime & Law, Offshore Investments, Politics & Corruption

Barbados Rocks – With A BFP Clue!

barbados-rocks-bfp.jpg

Is This Popular You Tube Music Video A Barbados Free Press Production?

With almost forty-thousand recent views and a four-star rating, the music-video Barbados Rocks is gathering a cult-following at the You Tube video website…

… but some sharp-eyed Barbados Free Press readers have been sending emails asking if we have anything to do with this video.

Apparently, the rumour mill has been working overtime at some of the chat rooms around the net, and a few initial enquiries have turned into a couple of dozen emails a day – so we will answer the three main questions that everyone is asking…

Question: Is “Barbados Rocks” A BFP Production?

Nope – this music video is not a BFP project. We only wish we had done it because it is a great piece of work and we would have loved to put our name on the credits. It was made by a Scot named James – who loves Bim, but for some reason prefers Caribe to Banks.

Question: Some of Shona’s Photos Are In The Video – Right?

Well, they look like some of Shona’s posted work – especially the Archer’s Bay and sunset photos – but nope, Shona’s photos do not appear in James’ video.

Question: The guy with the hat, dancing… Marcus, right?

We can’t seem to reach Marcus right now. He and Shona are away visiting, so I guess that question will have to remain unanswered.

🙂

Click on the highlighted link or the photo to see Barbados Rocks.

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Filed under Barbados, Barbados Tourism, Island Life, Traveling and Tourism

Unwed Motherhood As A Career Choice In Barbados – Updated

Updated Sept 2, 2006 – Scroll to Bottom for Update

This is one of those “everybody thinks it, but nobody dares say it aloud” articles.

Hamilton Lashley wants to “eradicate poverty” in Barbados through the simple expedient of giving money (called “a social safety net”) to women who choose to have many babies without bothering to get married or otherwise find a man who is willing and able to support a family.

This makes unwed motherhood a career choice, and empowers young uneducated women to perpetuate further generations of young unwed mothers and young men who lack the steady hand of a father.

The current trend towards making unwed motherhood a societally sponsored career choice marginalizes the role of fathers and men in general – and can do no long-term good.

How about this for a national policy…. “You breed ’em. You feed ’em.”

And what about the children, you say?

For those children who are needy, set up a national orphanage where at least they have a chance to escape being socialized into a never-ending cycle of lower-class mores that drains away self-reliance and personal responsibility.

There. Said it. Felt good.

Cliverton with Shona

From The Barbados Advocate…

Hamilton Lashley: Unique Poverty In Barbados

With a United Nations (UN) definition of abject poverty referring to any individual earning less than US$1 per day, Advisor to the Government on Poverty Eradication and the Millennium Goals, the Honourable Hamilton Lashley stated that Barbados enjoys a unique brand of poverty, which must be stamped out nonetheless.

Speaking at the first of the Rotary Club of Barbados South’s evening meetings…

According to Lashley, who was quite comprehensive in his presentation regarding the unified international plan to stamp out poverty, the state of affairs in Barbados is quite unique in the sense that several struggling individuals are living in a poverty of choice so to speak. Regaling the audience with a host of stories from his own experiences, Lashley noted that individuals living in the most dilapidated structures in Barbados, who are unable to provide themselves with one meal a day, have, for example, a large, expensive vehicle parked in the driveway.

Focusing significantly on the misplaced values of these particular persons living in Barbados, Lashley was quick to point out that the government will always provide safety nets to individuals who truly have no power to help themselves, and through research will continue to show great care in the individuals looking to survive on tax payers money.

Highlighting single mothers of large families along with the disabled community of Barbados, Lashley extended an arm to the Rotary Club of Barbados South to partner in the plans for poverty eradication here in Barbados.

Updated – September 2, 2006

As if we need more proof about the cycle of unwed mothers giving birth to unwed mothers, you must read this article from The Nation News

IT’S NOT EASY TO talk about what I’m going through right now, but I want to share my experience with Barbados in the hope that other mothers will realise how they influence their daughters, for good or bad…

My situation involves my daughter and her lifestyle. Despite the fact that she has certificates from secondary school, she is not interested in working anywhere. Instead, she prefers to live off hand-outs from different men – all of whom are married.

Right now she is friendly with three of them. She sees each on different days and has them so well regulated that they don’t turn up by the house unannounced.

It hurts me to admit it, but it seems that’s the way she intends to get through in life – on her back.

How my daughter got this way is what I want to talk about. She was raised by my mother because I could not properly care for her. At that time, my boyfriend, who was not her father, and I were renting a house that was not in the best condition, and we still had our two children to support. It was tough, so my mother took her off my hands.

Exposed to lifestyle

At my mom’s house she was exposed to the lifestyle of my two sisters in particular and my mother. Both of my sisters had a child each before they were 19. Both had hell with their children’s fathers, and both began using men to get what they wanted.

As for my mother, though she tried her best with us, she had it rough with our fathers, in particular my sisters’ father who used to beat her. So she had this hatred for men that was intense by the time my daughter went to live with her.

It was in this environment that my daughter grew up and her opinion about men was shaped. She saw violence and abuse in my sisters’ relationships, and heard negatives from my mother.

By the time she was 19 and out of school, instead of looking for a job, she had a married man going to my mother’s house to her…

But what was worse than even her attitude was that of my mother and sisters who said she was doing the right thing. I remember how the sister three years younger than me said: “If she is going to do something, she may as well get something for it.” That is the way they brainwashed my child.

Well, she is in her late 20s today and still living in my mother’s home which she and my sisters have renovated. She has her own room and brings in who she likes. … And my mother says nothing to the three of them because she feels that all men are good for is money.

….

Again, what hurts me deeply about her behaviour is what she has put her body through. She had two abortions. When I heard about them from my mother, after she had the last one, I confronted her on it. She blasted me, telling me I am no better than her as I was never married but lived with a man all my life. Besides that I brought a ‘bunch a bastards’ into this world with hardly anything to give them, and she didn’t plan to do that too.

Since that time, about two years ago, we have not spoken; my sisters and mother don’t say anything to me either. It’s a case of the blind leading the blind.

…. Every time I look at her I feel that I could have tried harder with her, but I was only a girl myself considering that I had her when I was 17.

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Filed under Barbados, Culture & Race Issues, Island Life, Politics & Corruption