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Baha Mar claims process outlined
September 07, 2016
Baha Mar claims process outlined
The committee responsible for overseeing the payout of claims to Baha Mar's employees and creditors said it will contact the resort's former employees early this month to begin the process of paying them, "in substantial part or in full", what they're owed since being made redundant last year, according to a notice issued by the committee yesterday.
September 05, 2016
D'Aguilar: Izmirlian should be represented on Baha Mar committee
Former board director of the $3.5 billion Baha Mar mega resort Dionisio D'Aguilar asserted the need for Bahamian contractors and Sarkis Izmirlian - the project's original developer - to have some form of representation on the committee that was recently established to administer the claims of Bahamians and other creditors of the Baha Mar group of companies.
September 05, 2016
Government announces committee to process Baha Mar claims
On August 22, 2016, the Supreme Court approved the plan to remobilize the stalled Baha Mar resort and one week later on Sunday, 28th August 2016, the government announced a committee to settle severance payments owed to displaced Baha Mar workers and to process claims by unsecured Bahamian creditors.
'Baha Mar committee is a sign of ad hoc governance'
August 31, 2016
'Baha Mar committee is a sign of ad hoc governance'
LONG Island MP Loretta Butler-Turner yesterday criticised the formation of a committee to oversee payments to Baha Mar creditors, insisting that this was evidence the Christie administration lacked the ability to plan well, instead relying on "ad hoc" governance.
Moss: Govt playing politics on Baha Mar
August 31, 2016
Moss: Govt playing politics on Baha Mar
Marco City MP Greg Moss labeled the government's latest Baha Mar announcement that a committee has been established to oversee the settlement of claims for former Baha Mar employees and creditors "startling".
August 30, 2016
Bahamas Government announces committee to process all Baha Mar claims
As part of the agreement between the Export-Import Bank of China ("the Bank") and the Government of the Commonwealth of The Bahamas to remobilize and complete construction of the Baha Mar Resort, the parties have established a Committee to administer the claims of Bahamian and other creditors of the Baha Mar group of companies.
Former Baha Mar workers respond to payout news
August 30, 2016
Former Baha Mar workers respond to payout news
Over the last week, the government has made a series of announcements in relation to the former workers of Baha Mar receiving what was owed to them when the resort closed last year and sent over 2,000 workers home.
Wrinkle: Contractors should be on Baha Mar committee
August 30, 2016
Wrinkle: Contractors should be on Baha Mar committee
Former President of the Bahamian Contractors Association (BCA) Stephen Wrinkle said the Bahamian contractors previously engaged on the Baha Mar project should have a representative on the committee that was recently established to administer the claims of Bahamians and other creditors of the Baha Mar group of companies.
Winder: 'Wait and see' on CEXIM funds
August 30, 2016
Winder: 'Wait and see' on CEXIM funds
Baha Mar receiver-manager and Deloitte Managing Partner Raymond Winder said "just wait and see" in regard to when the Export-Import Bank of China (CEXIM) will deposit the promised funds to settle the Bahamian employees' claims and pay the claims of Bahamian creditors that were involved in the Baha Mar saga.
Smith: No details yet on committee's work
August 30, 2016
Smith: No details yet on committee's work
James Smith, a member of the new committee appointed by the government to oversee the settling of claims of former Baha Mar employees and creditors, said the first time he learned of his appointment was Sunday, the day of the announcement.
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