“This means that any investor in the Bahamas who is also registered as a US company AND has allegations of FRAUD labelled against them to acquire those assets AND has evidence brought to court that "establishes beyond doubt", direct quote, that fraud was committed, can have the disputed assets returned to the original owner.”
For your information, when you do business in the US or have assets in the US, it is always in the name of a company, so I am not sure what point you are trying to make. Any allegation of fraud is easy to make. Is it just a coincidence that when Izmirlian sued Harrahs (a US company) he lost in the US courts, but when he sued the Chinese he won (before appeal)? US courts are political. Both the current and the next US president have said it.
“Dream on. CCA is in the business of making money and the US is the best market to make it in. The only way they exit that market is if the US forces them out. Which they wont.”
Do you really think that the US under Trump is the best market for the Chinese to make money? Have you been following the news lately? They put their US company in bankruptcy, what kind of signal do you think this is?
“Russia had sanctions levied against them when they imprisoned the leader of the Russian opposition.”
I am not talking about sanctions, I am talking about the confiscation of all Russian assets in the US after the invasion of Ukraine. China has sold over $400 billion of US treasuries since this confiscation of Russian assets. It does not look like they trust the “US rule of law”…
There are three things of paramount importance to Trump:
1. Drugs coming into the USA 2. Illegal immigrants coming into the USA 3. Chinese influence in the region
The appointment of a US ambassador to the Bahamas is a clear signal that these issues will be addressed in the coming months. The Bahamas had better be ready!
The big loser here is the Bahamas.This means that any investor in the Bahamas can be taken to a US court and have their US assets seized. Who would want to invest in the Bahamas with that kind of risk?
The Chinese will want to get out of this 'US court jurisdiction' as soon as possible, given the rapidly deteriorating relationship between China and the US. They have witnessed what has happened to Russian assets in the US. This is probably what the US wants to see with the re-enactment of the Monroe Doctrine (see Trump's attempt to take back the Panama Canal).
"They warned that if Mr Izmirlian was not restrained from enforcing his award they may have to place their Bahamian corporate entities, including the downtown Nassau resorts, into liquidation proceedings before the Supreme Court.
Mr D’Aguilar, though, dismissed such an outcome as inconceivable..."
It's the passengers of Bahamasair who have had legitimate complaints for quite some time. I suggest you look at the Bahamasair reviews on Tripadvisor. Bahamasair is a national disgrace:
"Corporate greed" at Bahamasair? They have never made a profit. They lose over $20 million a year, which has to be funded by the Bahamian taxpayer. It's the Bahamian taxpayers who should go on strike and let the airline fail!
Proguing says...
What is our "economic identity"?
On CCA files in US for bankruptcy
Posted 23 December 2024, 5:44 p.m. Suggest removal
Proguing says...
“This means that any investor in the Bahamas who is also registered as a US company AND has allegations of FRAUD labelled against them to acquire those assets AND has evidence brought to court that "establishes beyond doubt", direct quote, that fraud was committed, can have the disputed assets returned to the original owner.”
For your information, when you do business in the US or have assets in the US, it is always in the name of a company, so I am not sure what point you are trying to make. Any allegation of fraud is easy to make. Is it just a coincidence that when Izmirlian sued Harrahs (a US company) he lost in the US courts, but when he sued the Chinese he won (before appeal)? US courts are political. Both the current and the next US president have said it.
“Dream on. CCA is in the business of making money and the US is the best market to make it in. The only way they exit that market is if the US forces them out. Which they wont.”
Do you really think that the US under Trump is the best market for the Chinese to make money? Have you been following the news lately? They put their US company in bankruptcy, what kind of signal do you think this is?
“Russia had sanctions levied against them when they imprisoned the leader of the Russian opposition.”
I am not talking about sanctions, I am talking about the confiscation of all Russian assets in the US after the invasion of Ukraine. China has sold over $400 billion of US treasuries since this confiscation of Russian assets. It does not look like they trust the “US rule of law”…
On CCA files in US for bankruptcy
Posted 23 December 2024, 3:12 p.m. Suggest removal
Proguing says...
There are three things of paramount importance to Trump:
1. Drugs coming into the USA
2. Illegal immigrants coming into the USA
3. Chinese influence in the region
The appointment of a US ambassador to the Bahamas is a clear signal that these issues will be addressed in the coming months. The Bahamas had better be ready!
On Proposed Ambassador to Bahamas
Posted 23 December 2024, 12:13 p.m. Suggest removal
Proguing says...
The big loser here is the Bahamas.This means that any investor in the Bahamas can be taken to a US court and have their US assets seized. Who would want to invest in the Bahamas with that kind of risk?
The Chinese will want to get out of this 'US court jurisdiction' as soon as possible, given the rapidly deteriorating relationship between China and the US. They have witnessed what has happened to Russian assets in the US. This is probably what the US wants to see with the re-enactment of the Monroe Doctrine (see Trump's attempt to take back the Panama Canal).
On CCA files in US for bankruptcy
Posted 23 December 2024, 11:03 a.m. Suggest removal
Proguing says...
"At the end of the day, they will pay the $1.6 - $2 billion." There is no chance of that happening. The bankruptcy filing makes that clear.
On CCA told pay $1.9B to pursue appeal
Posted 23 December 2024, 10:42 a.m. Suggest removal
Proguing says...
"They warned that if Mr Izmirlian was not restrained from enforcing his award they may have to place their Bahamian corporate entities, including the downtown Nassau resorts, into liquidation proceedings before the Supreme Court.
Mr D’Aguilar, though, dismissed such an outcome as inconceivable..."
This did not age well....
On CCA told pay $1.9B to pursue appeal
Posted 23 December 2024, 10:40 a.m. Suggest removal
Proguing says...
Bahamasair is not cheaper, you pay the difference in the taxes levied the country.
On Flights cancelled and passengers stuck after sickout
Posted 20 December 2024, 4:16 p.m. Suggest removal
Proguing says...
It's the passengers of Bahamasair who have had legitimate complaints for quite some time. I suggest you look at the Bahamasair reviews on Tripadvisor. Bahamasair is a national disgrace:
https://www.tripadvisor.com/Airline_Rev…
On Flights cancelled and passengers stuck after sickout
Posted 20 December 2024, 2:37 p.m. Suggest removal
Proguing says...
It would be much cheaper to subsidize Western Air or another airline to fly there
On Bahamasair sick-out ‘couldn’t have been worse’ for its timing
Posted 19 December 2024, 7:41 p.m. Suggest removal
Proguing says...
"Corporate greed" at Bahamasair? They have never made a profit. They lose over $20 million a year, which has to be funded by the Bahamian taxpayer. It's the Bahamian taxpayers who should go on strike and let the airline fail!
On Bahamasair sick-out ‘couldn’t have been worse’ for its timing
Posted 19 December 2024, 3:15 p.m. Suggest removal