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Biggest And Best!
Volume: 122 No. 22, December 20, 2024
THE PEOPLE’S PAPER: PRICE–$1
CCA TOLD PAY $1.9B TO PURSUE APPEAL US court overturns temporary injunction in Baha Mar legal battle By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net A KEY Sarkis Izmirlian ally yesterday asserted “it doesn’t take a blind man” to see that Baha Mar’s contractor will likely lose its appeal against the growing $1.642bn damages awarded to the original developer. Dionisio D’Aguilar, who sat on Baha Mar’s Board prior to Mr Izmirlian’s ouster from the mega resort project, nevertheless told Tribune Business that China Construction America’s (CCA) threatened liquidation of its Bahamian assets - namely the British Colonial and Margaritaville Beach Resort - “won’t come into play at
all” as a result of yesterday’s New York verdict. The New York State Supreme Court’s appeals division, in a brief onepage decision, overturned the temporary injunction previously obtained by CCA and its affiliates that barred Baha Mar’s original developer from enforcing the earlier $1.642 damages award plus interest that he obtained against them. The ruling leaves the Chinese state-owned contractor once again scrambling to raise, and post, the $1.9bn bond surety bond mandated by the New York court otherwise it will be unable to pursue its appeal against Mr Izmirlian’s initial comprehensive legal win. FULL STORY - SEE BUSINESS
AG: NO CONCERN OVER JOBS By LEANDRA ROLLE Tribune Chief Reporter lrolle@tribunemedia.net ATTORNEY General Ryan Pinder said he is not concerned about potential job losses at two Nassau resorts after a New York court rejected their owners’ bid to prevent Sarkis Izmirlian from
enforcing a $1.6bn damages award. Mr Pinder’s comments followed a ruling by The New York State Supreme Court’s appeals division overturning a temporary injunction previously obtained by China Construction America (CCA) and its affiliates. SEE PAGE THREE
‘14 unions have strike certificates’ ‘HAVE A VOTE By KEILE CAMPBELL Tribune Staff Reporter kcampbell@tribunemedia.net PRESIDENT of the Trade Union Congress (TUC) Obie Ferguson said 14 unions are holding strike certificates, signalling their preparedness to take industrial action as unresolved labour disputes with the government persist. Mr Ferguson stressed that while unions have been patient, continued delays in addressing these matters
OBIE FERGUSON could force them to act. “We have outstanding issues. We have communicated to the government,
we have committed to the government for the last three years that these matters will be resolved,” Mr Ferguson said, listing unresolved disputes involving customs and immigration officers, the Bahamas Hotel Managerial Association, and national insurance workers. Highlighting unions’ efforts to resolve matters amicably, Mr Ferguson added: “We thought when SEE PAGE FIVE
Nassau & Bahama Islands’ Leading Newspaper
ON BI-MONTHLY PAY PROPOSAL’ By LYNAIRE MUNNINGS Tribune Staff Reporter lmunnings@tribunemedia.net THE Bahamas Public Service Union (BPSU) president Kimsley Ferguson has called for a structured poll to determine public servants’ opinions on the proposed shift to bimonthly pay. SEE PAGE FIVE