By NEIL HARTNELL
Tribune Business Editor
Seven Baha Mar companies have now been placed into full liquidation by the Supreme Court, prompting a well-known QC to say he cant understand the legal strategy pursued by original developer, Sarkis Izmirlian.
Justice Ian Winder last week appointed Baha Mars joint provisional liquidation team Bahamian accountant Ed Rahming and his UK counterparts, Nicholas Cropper and Alastair Beveridge, as full liquidators of the Baha Mar group entities.
This move effectively means Mr Izmirlian and his family now face the total loss of their $800-$900 million equity investment in the Baha Mar project, which includes land assembled for the 600-acre development.
Wa…
Read the full article at: http://www.tribune242.com/news/2016/oct/03/baha-mar-companies-put-full-liquidation/
