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Court Ruling Against Ansary: Mullet Bay Belongs to Ennia St Maarten

Court Ruling Against Ansary: Mullet Bay Belongs to Ennia St Maarten

Court Ruling Against Ansary: Mullet Bay Belongs to Ennia St Maarten

By St Maarten News , October 8, 2022 0 Comments

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Court Ruling Against Ansary: Mullet Bay Belongs to Ennia

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Court Ruling Against Ansary: Mullet Bay Belongs to Ennia As part of Ennia’s restructuring, the Centrale Bank van Curaçao en Sint Maarten (CBCS),

https://www.sxmgovernment.com

on behalf of Ennia Caribe Investments B.V. (ECI), has removed Ansary as a director of Sun Resorts and appointed new directors in his stead

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Sun Resorts is a subsidiary of ECI and owner of Mullet Bay on Sint Maarten, which is one of Ennia’s key assets. Ansary tried to block his removal from Sun Resorts and attempted to appoint Palm and Derby as co-directors.

Court Ruling Against Ansary: Mullet Bay Belongs to Ennia St Maarten

Ansary claimed that Sun Resorts had never been lawfully transferred to the Ennia group. That is entirely at odds with Ansary’s own consistent previous claims, as well as with various financial statements and Sun Resorts’ shareholder register.

As in other lawsuits between Ennia and Ansary et al., today the Court ruled against Ansary et al., upholding all of the CBCS’s claims. Ansary, Palm and Derby are barred from posing as Sun Resorts directors, under penalties of up to USD 10,000,000 per injunction.

Mike Alexander and Geomaly Martes, the new directors appointed by the CBCS, are tasked with restoring order at Sun Resorts and initiating the process of selling and/or developing Mullet Bay, with the proceeds accruing to the benefit of Ennia’s policyholders.

4 replies »

  1. This is the best news ever, finaly justice has been served after so many years of keeping the Island hostage🙏🏿🙏🏿🙏🏿👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾

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