Competitors agree that McKinney Bancroft & Hughes is a top-tier Bahamian law firm, with one noting it is a "leading firm in the jurisdiction". The firm has a strong litigation department and represents liquidators in numerous large insolvency matters in the Bahamian courts, involving claims exceeding $300 million....
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Competitors agree that McKinney Bancroft & Hughes is a top-tier Bahamian law firm, with one noting it is a "leading firm in the jurisdiction". The firm has a strong litigation department and represents liquidators in numerous large insolvency matters in the Bahamian courts, involving claims exceeding $300 million.
In terms of deals partner H Campbell Cleare III last year acted as local legal counsel to the Bahamas branch of Citibank in the loan facility granted to Baha Mar for the development of a $2.45 billion resort located in New Providence. In November 2010 he also advised a syndicate of lenders on a loan facility to Nassau Airport Development Company to carry out the $165 million second phase redevelopment of the Lynden Pindling International Airport.
In Grand Bahamas, MB&H acted as counsel to Emera, which purchased a greater interest in the only electricity provider on the island, Grand Bahama Power Company, from MaruEnergy Grand Bahama. The $82 million investment brought Emera's direct and indirect interest in GBPC to approximately 80%.
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