Shareholder rift continues at the Hilton

Thu, Sep 23rd 2010, 11:00 PM

By NEIL HARTNELL

Tribune Business Editor

The fallout from the boardroom battle at the British Colonial Hilton continues to rumble on, Tribune Business can reveal, with its Canadian pension fund investor urging its fellow shareholder to inform the Registrar General that the agreement governing their 'partnership' remains in force.

A September 1, 2010, letter from Canadian QC, Alan Lenezner, on behalf of the Canadian Commercial Workers Industry Pension Plan (CCWIPP), to legal representatives of Swiss/UK-based private equity house, Adurion, also urged that their client withdraw an application to the Central Bank of the Bahamas for permission to refinance the $19 million loan at the cent ...

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