June 9, 2021
Michael Scott, QC.
Stories this photo appears in:
ArawakX full wind-up sealed without a fight
THE Bahamas’ first-ever crowd funding platform’s fate was yesterday sealed without a fight after its former principals effectively consented to its liquidation amid claims of a near-$4m insolvency.
‘They wanted Gov’t to buy the Grand Lucayan twice’
The Grand Lucayan’s ex-chairman yesterday said the Government would “effectively have been buying the hotel a second time” had it agreed to Royal Caribbean and ITM Group’s demand it finance 95 percent of the $50m purchase price.
Lucayan union deal a ‘betrayal of trust’
The Grand Lucayan’s ex-chairman yesterday blasted the Government’s decision to settle with the resort’s managerial union as “a betrayal of trust” that has heaped further costs on taxpayers.
Hotel Corp chief ‘ecstatic’ over Andros resort’s sale
The Hotel Corporation’s chairman yesterday said he was “ecstatic” that multi-year efforts to sell the Lighthouse Yacht Club and Marina had finally succeeded, likening it to “michaelangelo painting the Sistine Chapel”.
‘Win for common sense and sanity’
The Grand Lucayan’s chairman yesterday hailed a Supreme Court verdict dismissing wrongful/unfair dismissal claims by 36 current and former managers as “a victory for common sense and sanity”.
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