Legally Hacked is the Entrepreneurs Blog and an informal resource where we address relevant issues for entrepreneurs, founders and business owners at an introductory level.

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  • Legally Hacked is the Entrepreneurs Blog and an informal resource where we address relevant issues for entrepreneurs, founders and business owners at an introductory level.

Barbados Business Structures: Key Decisions for Aspiring Entrepreneurs

CLOC is an organization and community with the mission to help enhance the function of legal operations, and is part of a growing movement that recognizes the importance of legal operations professionals within corporate legal departments. CounselLink® is proud to support and attend the CLOC Institute each year because we believe bringing better innovations to your legal department starts with sharing knowledge with your peers and understanding what happens in the industry.
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Why Worry About Contracts? Just Trust Your Business Partner!

When your job involves developing innovative technology, it’s easy to get so wrapped up in figuring out what you are going to do next, how you are going to do it and when you can deliver it, that you forget about why you are doing it in the first place. As a Product Manager working on InterAction® customer relationship management software, I’ve have had the opportunity to spend the last year actively listening to our clients and have learned some invaluable lessons along the way.
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How to Avoid Unnecessary Legal Hassles: A Guide for Business Owners

According to Altman Weil’s 2018 Chief Legal Officer Survey, corporate legal departments are spending more on internal expenditures than on outside counsel for the first time in the history of this survey, with 48% allocated to in-house spend, 45% to outside counsel, and 6% to other non-law firm vendors.
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June Alert- Deadline for Filing Annual Returns

According to Altman Weil’s 2018 Chief Legal Officer Survey, corporate legal departments are spending more on internal expenditures than on outside. I’ve have had the opportunity to spend the last year actively listening to our clients and have learned some invaluable lessons along the way.
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Deadline for FCP Permits For Grandfathered IBCs & ISRLs

On May 7, 2021, the Ministry of International Business and Industry issued a reminder that ALL Grandfathered international business companies (“IBCs”)_ and international societies with restricted liability (“SRLs”) will cease to be grandfathered after June 30, 2021 and the benefits attaching to such status will no longer be available. Consequently, applications for a Foreign Currency […]
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Corporate Governance, Compliance and Management of Information and Records

Are your corporate records kept at the registered office address of the company or its corporate services provider? When there is a change in the corporate structure of the company, do you file the requisite documents at the Corporate Affairs and Intellectual Property Office (CAIPO)? Is your company up to date with filing its annual […]
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Confronting Corona: Smart Lockdowns, Business Continuity and Digitization

The coronavirus (COVID-19) global pandemic may yet prove to be the most effective catalyst for digitization and diversification of the economies in the Caribbean. At present, economic considerations are at the periphery of the COVID-19 discourse in Barbados – but this discussion must move to the centre. Lockdowns are our new normal. In order to […]
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Seeing Through The Weeds: Navigating The Medicinal Cannabis Industry In Barbados

The Medicinal Cannabis Industry has experienced significant growth globally propelled by a number of factors including legislative enactments to facilitate the decriminalisation of consumption and create frameworks for industries leveraging cannabis plant derivatives for therapeutic purposes. This confluence of scientific, social and economic interests has catalysed the enactment of these laws in Barbados. As a […]
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Sussing Out Substance: The Economic Substance Regime in Barbados

According to Altman Weil’s 2018 Chief Legal Officer Survey, corporate legal departments are spending more on internal expenditures than on outside counsel for the first time in the history of this survey, with 48% allocated to in-house spend, 45% to outside counsel, and 6% to other non-law firm vendors.
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Barbados Regulatory Sandbox approves first participant

Barbados a regulatory sandbox framework in October 2018 as a joint initiative between the Central Bank of Barbados and the Barbados Financial Services Commission (the “Barbados Regulatory Sandbox”), which is designed to attend to the needs of innovators – particularly those in the FinTech space. On 5 July 2019, Bitt, a Barbadian FinTech company offering […]
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