Baha Mar Joint Provisional Liquidators respond to the appointment of Receivers

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Receivers now appointed at Baha Mar!!! SARKIS IS OUT NEW OWNERS COMING IN!!!!

Workers headed home from Bah Mar on Monday June 29th!
Workers headed home from Bah Mar on Monday June 29th!

Nassau-based KRyS-Global and UK-based AlixPartners, Joint Provisional Liquidators (JPLs) to the stalled Baha Mar resort project, acknowledge the appointment of Receivers following the recent appointment of Deloitte to this role.

Commenting on the appointment on behalf of the JPLs, Edmund Rahming, KRyS-Global and Alastair Beveridge of AlixPartners, said the team appointed in September by Supreme Court Justice Ian Winder to preserve and protect the assets of the project would now work closely with the receivers.

“Our role now is to work closely with Deloitte as the Bank’s appointed Receivers with a view to exploring and deciding on the most appropriate strategic option in order to see the resort completed and open for business,” said Beveridge and Rahming.