Despite all the announcements, Bah Mar has yet to reach the stage it was at before the Christie government meddled and caused possession to transfer to Izmirilian to The China ExIm Bank. Remember staff had already been recruited, trained and wasalready in place waiting for the property to open. But China Construction had not yet completed its work. And China ExIm bank asked (Izmirilian) for more money.
Many small and medium business owners have been contemplating closing their businesses over the past few years. Not only have their businesses become overtaxed and unprofitable, but the mere tasks of keeping up with governments requirements have become burdensome. And when you add the crime element into the mix, there is no benefit to stay in business.
The major thing that must change is the Bahamian government must stop living on the edge, over leveraged and credit maxed out. That way when emergencies, including events like hurricanes occur, the government can easily access funds vis a vis low interest loans on a short term basis and have the ability to pay them back. As they operate now, too much of government revenue is going to service loans. To avoid having to constantly borrow government must operate more efficiently, reduce corruption and get more value for the Bahamian tax dollars. Because borrowing was so easy in the past it led to government operating inefficiency and lack of accountability. Fix that!
In this instance jail term would not be what Zakis wants. He will see restitution and compensation. Meaning he would ask the courts to put him the position he was in before all the deception took place giving him back control over Bah Mar (restitution) and pay him for, "loss of income, injury and suffering", to be determined by the courts. Meaning how much did he lose and suffer (mentally) because of this whole affair. His first witness will, of course, be the prime minister of the Bahamas who has declared publicly and in more than one forum that, "the man gone crazy."
In other words the Bah Mar affair is like a man going to divorce court and denying he is sleeping with your wife but going to family court and paying child support and saying he's your wife's Daddy
(estopped) A bar which precludes someone from denying the truth of a fact which has been determined in an official proceeding or by an authoritative body. An estopple arises when someone has done some act which the policy of the law will not permit her to deny.
In certain situations, the law refuses to allow a person to deny facts when another person has relied on and acted in accordance with the facts on the basis of the first person's behavior.*
"Estoppel is a collective name given to a group of legal doctrines in common law legal systems whereby a person is prevented from making assertions that are contradictory to his or her prior position on certain matters before the court - the person is said to be "estopped".
China ExIm Bank has repeatedly denied that it has special interest in Bah Mar or that it colluded with The China Construction Company to frustrate the owner, delay the project, miss deadlines and eventually take possession of the project. Yet in its actions to sell Bah Mar to Perfect Luck, a holding company it is proving contrary. The bank is apparently selling Bah Mar to itself, Rather than of dispensing of the assets and recovering on the sale. The bank also continues in its relationship with China Construction Company to further develop the property and its claim that this is necessary to get the property sold is questionable.
Sarkis should have learned by now that his trying to deal with the Chinese one on one is like a lamb in the wilderness begging and pleading with a pack of hungry lions not to eat him. Understanding that he still has the interest of the Bahamas at heart and that he may not want to come across as the bad guy and ruffle any more feathers but Izmirilian has to get on a level with the Chinese where they are forced to listen to him and must negotiate. There is a single legal process that he can implement that would stop all this back door wheeling and dealing and compel the Chinese to have to deal with and settle his claim. Hint: If you steal a car and sell it to someone else, who is the legal owner?
You must give credit to the young man to have the intestinal fortitude to tsk on a bride who is physically handicapped. He admits he has been mistaken for a female most of his life so hopefully their marriage will be fruitful. There's probably no other country in the world more sexually charged than the Bahamas when it comes to challenging someone's sexual orientation. They don't ask you who you are, they tell you who you is. Even mothers are in the habit of calling their sons Lil sissies and no one less than the prime ministers of this country has been called punks. Then to think a great number of the murders in this country is sexually related.
John says...
Despite all the announcements, Bah Mar has yet to reach the stage it was at before the Christie government meddled and caused possession to transfer to Izmirilian to The China ExIm Bank. Remember staff had already been recruited, trained and wasalready in place waiting for the property to open. But China Construction had not yet completed its work. And China ExIm bank asked (Izmirilian) for more money.
On UPDATED: Baha Mar bidder is Hong Kong firm
Posted 27 October 2016, 7:36 p.m. Suggest removal
John says...
Many small and medium business owners have been contemplating closing their businesses over the past few years. Not only have their businesses become overtaxed and unprofitable, but the mere tasks of keeping up with governments requirements have become burdensome. And when you add the crime element into the mix, there is no benefit to stay in business.
On VAT drops Bahamas to 121st in ‘ease of business’ rankings
Posted 27 October 2016, 12:53 p.m. Suggest removal
John says...
The major thing that must change is the Bahamian government must stop living on the edge, over leveraged and credit maxed out. That way when emergencies, including events like hurricanes occur, the government can easily access funds vis a vis low interest loans on a short term basis and have the ability to pay them back. As they operate now, too much of government revenue is going to service loans. To avoid having to constantly borrow government must operate more efficiently, reduce corruption and get more value for the Bahamian tax dollars. Because borrowing was so easy in the past it led to government operating inefficiency and lack of accountability. Fix that!
On THE BIG QUESTION: Funding for hurricane relief
Posted 27 October 2016, 11:29 a.m. Suggest removal
John says...
In this instance jail term would not be what Zakis wants. He will see restitution and compensation. Meaning he would ask the courts to put him the position he was in before all the deception took place giving him back control over Bah Mar (restitution) and pay him for, "loss of income, injury and suffering", to be determined by the courts. Meaning how much did he lose and suffer (mentally) because of this whole affair. His first witness will, of course, be the prime minister of the Bahamas who has declared publicly and in more than one forum that, "the man gone crazy."
On ‘Baha Mar sale is a fabrication’
Posted 26 October 2016, 10:33 p.m. Suggest removal
John says...
*claiming "he is your wife's baby 👶 daddy "
On ‘Baha Mar sale is a fabrication’
Posted 26 October 2016, 10:20 p.m. Suggest removal
John says...
In other words the Bah Mar affair is like a man going to divorce court and denying he is sleeping with your wife but going to family court and paying child support and saying he's your wife's Daddy
On ‘Baha Mar sale is a fabrication’
Posted 26 October 2016, 10:17 p.m. Suggest removal
John says...
*estoppel
(estopped) A bar which precludes someone from denying the truth of a fact which has been determined in an official proceeding or by an authoritative body. An estopple arises when someone has done some act which the policy of the law will not permit her to deny.
In certain situations, the law refuses to allow a person to deny facts when another person has relied on and acted in accordance with the facts on the basis of the first person's behavior.*
"Estoppel is a collective name given to a group of legal doctrines in common law legal systems whereby a person is prevented from making assertions that are contradictory to his or her prior position on certain matters before the court - the person is said to be "estopped".
China ExIm Bank has repeatedly denied that it has special interest in Bah Mar or that it colluded with The China Construction Company to frustrate the owner, delay the project, miss deadlines and eventually take possession of the project. Yet in its actions to sell Bah Mar to Perfect Luck, a holding company it is proving contrary. The bank is apparently selling Bah Mar to itself, Rather than of dispensing of the assets and recovering on the sale. The bank also continues in its relationship with China Construction Company to further develop the property and its claim that this is necessary to get the property sold is questionable.
On ‘Baha Mar sale is a fabrication’
Posted 26 October 2016, 7:52 p.m. Suggest removal
John says...
Sarkis should have learned by now that his trying to deal with the Chinese one on one is like a lamb in the wilderness begging and pleading with a pack of hungry lions not to eat him. Understanding that he still has the interest of the Bahamas at heart and that he may not want to come across as the bad guy and ruffle any more feathers but Izmirilian has to get on a level with the Chinese where they are forced to listen to him and must negotiate. There is a single legal process that he can implement that would stop all this back door wheeling and dealing and compel the Chinese to have to deal with and settle his claim. Hint: If you steal a car and sell it to someone else, who is the legal owner?
On ‘Baha Mar sale is a fabrication’
Posted 26 October 2016, 4:19 p.m. Suggest removal
John says...
You must give credit to the young man to have the intestinal fortitude to tsk on a bride who is physically handicapped. He admits he has been mistaken for a female most of his life so hopefully their marriage will be fruitful. There's probably no other country in the world more sexually charged than the Bahamas when it comes to challenging someone's sexual orientation. They don't ask you who you are, they tell you who you is. Even mothers are in the habit of calling their sons Lil sissies and no one less than the prime ministers of this country has been called punks. Then to think a great number of the murders in this country is sexually related.
On Deputy registrar denies being ‘a sissy or a punk’
Posted 25 October 2016, 3:19 p.m. Suggest removal
John says...
To sum it up in one word: "petty"
On Chipman disappointed leader did not tell him of relief supplies from NEMA
Posted 25 October 2016, 3:03 p.m. Suggest removal