I want you to understand that wrong or bad things done anywhere else or by anyone else does not excuse wrong or bad things done by us here at home. It's the "they done it so I can do it" mindset that has destroyed our country....we just find it easier to gravitate towards being the "worse" that we can be rather than strive to be the "best" we can be. That mindset comes with a dear price though, as you and I shall soon see!

Picture that monstrosity of a concrete structure (unfinished hotel) sitting out at Coral Harbour. What foreign investor in their right mind would come to the rescue of the Baha Mar development knowing that our corrupt Bahamian government and the Chinese are snuggly in bed together and therefore might at any moment pull the same illegal (unconstitutional) nationalization stunt on them. By default, only the Chinese and our corrupt government can complete, own and operate Baha Mar now, and we all know what that means: Bahamians need not apply! For those of you staying...start brushing up on your Mandarin.

Irrelevant my friend.

You and many others like you deserve what's about to come your way my friend; hope you've stocked up on toilet paper, soap, tooth paste, candles, matches, and fresh water! The Greeks will at least be getting basic financial aid from the rest of Europe. But as for us, oh well..good luck begging from the Chinese.

Baha Mar has suffered great financial harm as a result of a government that we elected; accordingly, we (the Bahamian people) should be prepared to ante up for the mega-millions of dollars in losses we have wrongfully caused the principal developer. Baha Mar will now simultaneously pursue the only two courses of action it is left with in an effort to mitigate its losses; losses that we (the Bahamian voters) have caused it. Baha Mar will file an appeal to Winder's ruling which will slowly make its way to the Privy Council via an upholding of the ruling by our Appeals Court under the sway of Christie & Maynard-Gibson. At the same time Baha Mar will commence a suit against the Bahamian government for damages which will also slowly work its way to the Privy Council. Meanwhile, just about every foreigner will turn their back on the Bahamas, and rightfully so. The U.S. government can also be expected to come down on us like a ton of bricks, which will start with a significant downgrading of our country's credit rating by the U.S. controlled rating agencies.

Re-posted from another article: The debtor in possession restructuring under the Chapter 11 bankruptcy protection filing in Delaware would take much less time than liquidation proceedings in the Bahamas and during that time the creditors would be kept at bay; hence the word "protection". The developer would continue to have possession of and control over the project and all key aspects of its completion; accordingly, there would be no need for the appointment of a liquidator unfamiliar with the development. No such protection is allowed for in a liquidation under the insolvency laws of the Bahamas. Being the largest single creditor by far, the China Export Import Bank alone could easily force the complete winding up of Baha Mar in a liquidation supervised by the Supreme Court of The Bahamas. This would have the effect of unjustly destroying the equity value of the Izmirlian family's investment in the 97% complete Baha Mar project, currently estimated to be worth circa US$800-900 million. The argument that a foreign court cannot arrange for the dissolution and striking off of a company incorporated in the Bahamas is specious at best because any foreign court could make an application to the Bahamas Registrar of Companies for this to be done once all the requirements for doing so have been met.

The debtor in possession restructuring under the Chapter 11 bankruptcy protection filing in Delaware would take much less time than liquidation proceedings in the Bahamas and during that time the creditors would be kept at bay; hence the word "protection". No such protection is allowed for in a liquidation under the insolvency laws of the Bahamas. Being the largest single creditor by far, the China Export Import Bank alone could easily force the complete winding up of Baha Mar in a liquidation supervised by the Supreme Court of The Bahamas. This would have the effect of unjustly destroying the equity value of the Izmirlian family's investment in the 97% complete Baha Mar project, currently estimated to be worth circa US$800-900 million. The argument that a foreign court cannot dissolve a company incorporated in the Bahamas is specious because any foreign court could, if necessary, make application to the Registrar of Companies for this to be done once all the requirements for doing so have been met.

Damian Gomez should be devoting his time to much more important matters such as the whereabouts of the missing court files relating to his major drug dealer client whom U.S. Federal authorities have been seeking for years now to have extradited to the U.S.

Re-post from another article: The Bahamas also enjoys reciprocating laws with other jurisdictions like the U.S. that require it to recognize the laws of those other jurisdictions. For all of the huff, puff and fluff by the many grossly overpaid lawyers who appeared before Justice Winder yesterday, the main legal issue is really a narrow one which should not take the Judge very long to rule on. There is no good reason (in fact, only many very bad reasons) for the Delaware Court not be fully recognized by the Supreme Court of The Bahamas in this matter.