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Bahamas Supreme Court Denies Baha Mar’s Chapter 11 Bankruptcy Recognition Petition

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July 22, 2015 (NASSAU, The Bahamas) – We welcome today’s decision by The Bahamas Supreme Court to deny Baha Mar’s application for recognition of its American Chapter 11 Bankruptcy of June 29, 2015.

In doing so, the Supreme Court vindicated the Government’s position, indicating it will provide the detailed reasoning for its ruling within 14 days.

Our Government has argued firmly that a Bahamian Court, supervising the work of an independent liquidator, is best suited to oversee the restructuring, completion and opening of the resort should Baha Mar, China Construction and Exim Bank be unable to reach an out of court agreement.

Our objectives continue to be the prompt completion and successful opening of the Baha Mar project. We are confident today’s decision will encourage all parties to focus on these goals. It is a matter of the greatest national importance for the resort to open as soon as possible, under private ownership and operation.

In that spirit, we endorsed yesterday Baha Mar, China Construction and Exim Bank’s continued efforts to secure an out of court agreement to complete and open the resort. The best way to guarantee the jobs of Baha Mar employees is to achieve a timely negotiated agreement, and we urge all parties to do so.

Until such time, however, we must continue to protect all Bahamians’ interests.

The Supreme Court’s decision sets the stage for a provisional liquidator to be appointed by the Court on July 31, 2015, should no agreement be reached between the parties. The provisional liquidator would be lawfully bound to have regard to the best interests of the Bahamian people, Baha Mar employees, Bahamian contractors, creditors, and investors in Baha Mar.

In the meantime, we encourage all parties to continue negotiations to secure an agreement on the completion and opening of Baha Mar. Along with Exim Bank, we are keen observers of the negotiations now underway between Baha Mar and China Construction.

Should Baha Mar and China Construction agree, they will then negotiate with Exim Bank the financial terms required to support their agreement. The Government of The Bahamas will also be an observer in these negotiations.

Once financial terms are agreed, we anticipate that all-party talks – in which our Government will be an active participant – can reconvene, leading to the resumption, completion and opening of the Baha Mar development. This is our sole intention.

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Crime

Five Cays Shooting Death

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***MEDIA RELEASE***

June 22nd, 2024.

Homicide detectives of the Royal Turks and Caicos Islands Police Force are actively investigating a murder in Five Cays, Providenciales.

Initial reports indicate that shortly after midday, the Police Control Room received several calls stating that gunshots were being heard in the area of the Community Center.

RT&CIPF officers responded to the given location and found the lifeless body of a male with what appeared to be gunshot wounds about the body.

The RT&CIPF is asking anyone with information that may help in this investigation to contact the closest police station, 911, the Serious Crime Unit at 231-1842, or Crime Stoppers at 1-800-8477 to provide any information anonymously.

Additionally, individuals are encouraged to download the Crime Stoppers P3 app to share information.

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Rescued

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Media Release

June 22nd, 2024.

 

Two occupants of an aircraft were rescued around 3:28 p.m. today (June 22) following an intensive sea search around Providenciales.

The occupants –two males- are currently receiving medical attention.

The Royal Turks and Caicos Islands Police Force can confirm that shortly after midday, the Air Tower received a report regarding an aircraft landing on water (ditching) approximately 11 miles from Northwest Point, Providenciales.

The aircraft had departed from the United States and experienced engine failure.

Having received reports of the incident, a Strategic Coordinating Group with representation from the RT&CIPF, the TCI Civil Aviation Authority, the Airport Authority, the Department of Disaster Management and Emergencies, and the Ministry of Health was activated to coordinate the search and rescue.

The group worked closely with partners from OpBat and received confirmation that a United States Coast Guard helicopter had successfully rescued the two persons after three hours.

The victims were brought ashore.

Acting Assistant Commissioner of Police Mat Newton said, “I wish to express my profound gratitude and acknowledge the invaluable support of our national and international partners.

“This successful rescue operation is a testament to our collective strength and coordination. With the full support from our US partners and the local marine community, I extend my heartfelt thanks to our OpBat partners and the crew of the US Coastguard helicopter, as well as the Marine Branch of the RT&CIPF, the staff of the Department of Environment and Coastal Resources (DECR), the Department of Fisheries and Resources Management, Caribbean Cruisin, and vessels from the TCI Search and Rescue Association.

“We are now in the process of initiating an investigation into the accident in close liaison with the Civil Aviation Authority.”

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Swiss-Canadian Pilot speaks from Hospital bed; was THREE HOURS in TCI waters after Crash Landing

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By Wilkie Arthur, Danae Dennie, Deandrea Hamilton

Editorial Team

 

#TurksandCaicos, June 22, 2024 – For three hours in the wide open Atlantic Ocean, the two men who were aboard a twin engine aircraft forced on Saturday to crash land in waters near Providenciales held onto hope and each other, certain they would be rescued. Miraculously both men are now back on dry ground and are expected to make a full recovery, with local doctors reporting only superficial wounds as evidence of their harrowing experience.

Islanders in the Turks and Caicos learned about the aircraft mayday around 12:30 p.m.

“The Coast Guard received information from dispatch.  Survivors contacted dispatch by satellite phone saying they can see the helicopter.  Two persons in the water wearing yellow life jackets.  Several boats, as well as helicopter still actively searching,” was a key update shared with us around the time the men were pulled from the water.

It was shared with Magnetic Media that the private flight took off from Palm Beach, Florida around 8 a.m. on June 22 that the duo ran into some problems over the Turks and Caicos where they had planned to make a fuel stop.  Instead of refueling, there was an “orchestrated decent”; something pilots are trained to perform in the event of an emergency.

Wilkie Arthur of Eagle Legal News secured an interview with the man piloting the plane. He confirmed it was a twin engine aircraft, that both people on board survived and that he was Swiss-Canadian, his passenger, a Frenchman.

“The water was warm (pilot laughs) and I knew it was important for us to stay together, with each other and I had the watch and he had the phone and we just tried to get somebody to find us because it is hard to see such a small airplane in the swells but if they know that some people are alive, then they keep searching.”

The Swiss Canadian who opted to withhold his identity said that he was in good spirits and commended the rescue effort.

“I guess everybody is happy.  It was good coordination from local and US Coast Guard and the folks here, taking care of us.”

The men are being treated at the Cheshire Hall Medical Centre in Providenciales, brought in by ambulance minutes before 5 p.m.

Mr. Arthur spoke to the pilot as he lay, bandaged but grateful in a hospital bed.

In a press release, the Turks and Caicos Minister for Aviation, Arlington Musgrove expressed his thanks to the various agencies and the TCI boating community for their rapid response.

“Your service is commendable and is demonstrable of the rich community spirit that exists in the Turks and Caicos Islands.”

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