(October 11) Edmund
Rahming of KryS Global and Alastair Beveridge and Nick Cropper of
AlixPartners, collectively the Joint Provisional Liquidators (JPLs) to
the BahaMar
resort development, this week held constructive all party talks with
the development's key stakeholder groups.
Chaired by the JPLs today's talks brought together representatives from the Government of the Commonwealth of the Bahamas
,
financial sponsors Export-Import Bank of China, construction company
CCA Bahamas Ltd. and parent company, China State Construction
Engineering Corp. Ltd., and the resort's founder and Investor, Mr.
Sarkis Izmirlian.
Commenting on this week’s talks on behalf of the JPL's Alastair Beveridge said:
"The
talks this week are another important step on the road to resolution.
We would like to thank all parties for their good faith participation in
and constructive
approach during the meetings. Whilst there is still work to be done, it
is clear that all involved arefocused on quickly reaching a viable
solution to ensure that the Baha Mar resort is able to open for
business for the benefit of all stakeholders, including
the Bahamian people. We will continue to work with all stakeholders as
we explore the best route forward and will issue further updates as
talks continue".