TEAM OFF TO CHINA AGAIN
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July 24, 2015 Nassau, The Bahamas – Prime Minister, the Right Honourable Perry G. Christie today announced that a Government Delegation led by Attorney General Allyson Gibson QC will travel to China this weekend for the resumption of negotiations aimed at the early completion and opening of the Baha Mar resort.
The Government’s delegation will join representatives of Baha Mar, China Construction and Exim Bank in Beijing.
“Assuring the prompt resumption, completion and opening of the development is fundamental to protecting our national interest,” said the Prime Minister. “The most effective way to preserve the livelihood of Baha Mar’s workers, protect investors and realize the project’s great economic promise for all The Bahamas is to ensure the completion and opening of Baha Mar as soon as possible.”
Noting that most of the parties would be represented in Beijing by persons with executive authority, the Prime Minister said that it would be helpful to the negotiating process to have Mr. Sarkis Izmirlian present in person as Baha Mar’s chief decision-maker.
“Should the parties reach an agreement, the parties can get back to the completion and opening of the resort without further litigation or other delay. If no agreement is reached, there will still be the option of a restructuring and re-launch of the project under the authority of a provisional liquidator and the supervision of our Supreme Court, if the court is minded to so order after hearing from all sides” said the Prime Minister. “The preferred solution, however, would obviously be an amicable out-of-court settlement between all the parties”, he concluded.
In addition to the Attorney General, the Government’s delegation comprises of Sir Baltron Bethel, Senior Advisor to the Prime Minister; Commander (ret.) Loren Klein, Consultant to the Office of the Attorney General; Mrs. Shari Moxey, Office of the Attorney General; and Mrs. Kristel Thompson Bethel, Office of the Prime Minister.
1 Comment
Once again Bahamas is attempting to screw some American investor over; while blindsiding the Chinese. SCUMMY tactics! Low-rent! Below-the-belt! Seedy! Why do people invest in that country with all the SCUMBAGS…especially that PLP… in charge? Why? I.e. John Travolta got screwed over and only God knows who else has. It has all been brushed under the rug. Moreover, here is a man Izmirlian who has invested billions and he tooo is being slammed because he got himself overextended and Bahamas conveniently is undermining his financial woes and not recognizing American Jurist Prudence. Bahamas, a bunch of ungrateful bastards in that pathetically 3rd World country. DESPICABLE the actions of Bahamas. Covert and deliberately clandestine. FILTHY! Africans, Americans, Canadians, Europeans, South Americans, Australians, Middle-Eastern, Pacific Rim, Asia, pay attention; do NOT invest in that country Bahamas; do NOT! The current Head of State is full of spin!