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Erica Paine

Partner
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GrahamThompson

Nassau, New Providence, Bahamas
    Local Time: Friday 05:01

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Profile

Erica Paine is a Partner in the firm's Property and Tax Practices.

Erica specializes in real estate transactions and conveyancing, sales and structuring for both high-end and private client matters and large commercial transactions.  Her practice covers condominium agreements and declarations, resorts, hotels, marinas, mixed use and residential projects, fractional ownership arrangements, private and commercial leases, subdivision planning, easements, title insurance, service charges and rights of way, mortgage-backed financing and loans, property title due diligence and opinions, commercial and residential leases and related tax matters and issues, and in advising on and applying for all governmental and requisite approvals.

Erica chairs the firm's VAT tax group.

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Recent engagements include:

  • Advising and representing real estate developers in connection with approval processes, purchases, developments and operations, financing and sales of resort and residential developments, including an approximately 500-acre project in the Abacos, an approximately 245-acre project in Grand Bahama, an approximately 1500-acre project in Eleuthera and boutique projects in the Exumas.
  • Advising and representing industrial and commercial clients within the Port Area of Grand Bahama, including structuring of multi-million-dollar investments so as to maximise tax and duty benefits.
  • Advising on Value Added Tax and other tax or duty liabilities or concessions, including pursuing a claim for a multi-million-dollar refund, submitting numerous applications for Advance Rulings, preparing Hotels Encouragement Act Agreements, advising on applications for inclusion in the Large Developer Program.
  • Numerous conveyancing and mortgage transactions including whole islands and second homes.
  • Coordinating the grant of title insurance policies for home-owners, lenders and major commercial clients.

Bar Admissions

  • Bar of England and Wales, 1980
  • The Bahamas Bar (Registered Associate)

Education
The Council of Legal Education, London, England, United Kingdom
Oxford University, England, United Kingdom

Areas of Practice

Professional Career

Significant Accomplishments
Transactions on which she has recently worked include:

Representing real estate developers with the purchase, development, financing and re-sale of resort and residential developers.
Representing real estate developers with regard to subjecting property to the condominium form of ownership. Representing real estate developers with regard to time-share and other fractional ownership projects.
Representing major hotel developers and managers.
Advising major corporate investors on local requirements in conjunction with international transactions.
Advising on financing structures to local banks. Numerous conveyancing and mortgage transactions.

Professional Associations

The Honourable Society of the Middle Temple




Professional Activities and Experience
Erica, between 1981 and 1996, practiced at the English Bar at Falcon Chambers, London, specializing in Real Estate and Landlord and Tenant Law. During this period she was also a contributor to Halsbury's Laws of England on Landlord and Tenant Law.

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