{"id":207595,"date":"2024-07-25T06:48:28","date_gmt":"2024-07-25T10:48:28","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=207595"},"modified":"2024-07-25T07:27:02","modified_gmt":"2024-07-25T11:27:02","slug":"lawsuit-filed-by-the-former-owners-seeking-to-claim-the-proceeds-of-alfa-nero","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/lawsuit-filed-by-the-former-owners-seeking-to-claim-the-proceeds-of-alfa-nero\/","title":{"rendered":"Lawsuit filed by the former owners seeking to claim the proceeds Of Alfa Nero"},"content":{"rendered":"
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The Prime Minister confirmed that the superyacht Alfa Nero, owned by the Government following an Act of Parliament, was sold for US$40 million. He also informed that the proceeds have been deposited in a Bank.<\/strong> <\/p>

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CLICK HERE TO JOIN OUR WHATS APP GROUP<\/em><\/strong><\/a><\/p>\n\n\n\n

A lawsuit has been filed since by the former owner(s), seeking to claim the proceeds.<\/p>

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That frivolous lawsuit, the Cabinet agreed, will not prevent the government from making good on the obligations incurred while the vessel was under its ownership; and, will not deter the administration from investing the overage in the construction of a hotel. <\/p>

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The Cabinet agreed that an investment in a tangible asset will serve as reminder of the immense difficulties which this lawful seizure and sale caused the Antigua and Barbuda people and government.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Please note the following amendment as aligned with our discussions: The Alfa Nero proceeds were utilized to retire debts associated with the vessel and the balance was utilized to reduce government debt. \u00a0<\/strong><\/p>

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The original decision to reserve the surplus after repayment of the debts associated with the vessel to build a hotel has been scrapped.\u00a0<\/strong><\/p>\n\n\n\n

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\"\"<\/a><\/div>","protected":false},"excerpt":{"rendered":"

The Prime Minister confirmed that the superyacht Alfa Nero, owned by the Government following an Act of Parliament, was sold for US$40 million. He also informed that the proceeds have been deposited in a Bank.  CLICK HERE TO JOIN OUR WHATS APP GROUP A lawsuit has been filed since by the former owner(s), seeking to […]<\/p>\n","protected":false},"author":3,"featured_media":207248,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-207595","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nLawsuit filed by the former owners seeking to claim the proceeds Of Alfa Nero - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/lawsuit-filed-by-the-former-owners-seeking-to-claim-the-proceeds-of-alfa-nero\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lawsuit filed by the former owners seeking to claim the proceeds Of Alfa Nero\" \/>\n<meta property=\"og:description\" content=\"The Prime Minister confirmed that the superyacht Alfa Nero, owned by the Government following an Act of Parliament, was sold for US$40 million. 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