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viagra canada cure times;”> Left to right: Alastair Beveridge, check AlixPartners Services UK; Nick Cropper, AlixPartners Services UK; and Edmund Rahming, KRyS Global, Bahamas
Alastair Beveridge and Nick Cropper, of leading global business advisory firm AlixPartners Services UK LLP (AlixPartners), and Edmund Rahming of KRyS Global have today been appointed Joint Provisional Liquidators (JPLs) over Baha Mar Ltd, Baha Mar Land Holdings Ltd, Baha Mar Properties Ltd, BMP Three Ltd, BMP Golf Ltd, Cable Beach Resorts Ltd, Baha Mar Enterprises Ltd, together Bahar Mar PL (the Group).
Baha Mar is a luxury resort development located in Nassau, Bahamas. The development includes a range of hotel, leisure and entertainment facilities and was launched as the largest single phase construction project in the Western Hemisphere.
Friday’s appointment was effected by the Bahamas Court following winding up petitions submitted in response to the Group’s Chapter 11 filing in June 2015.
Commenting on behalf of the JPLs Edmund Rahming of KRyS Global said:
“This is both a high profile and extremely complex situation which impacts a wide range of stakeholders, not least of all the people of The Bahamas. As a result the ultimate success of the Baha Mar project is in everybody’s interest and priority now is to begin our work in order to identify the best route forward. We will be working closely with all appropriate stakeholder groups throughout and further updates will follow in due course.”
About AlixPartners — AlixPartners is a leading global business-advisory firm of results-oriented professionals who specialize in creating value and restoring performance at every stage of the business life cycle. We thrive on our ability to make a difference in high-impact situations and to deliver sustainable, bottom-line results. The firm’s expertise covers a wide range of businesses and industries whether they are healthy, challenged or distressed. Since 1981, we have taken a unique, small-team, action-oriented approach to helping corporate boards and management, law firms, investment banks and investors to respond to crucial business issues.
About KRyS Global — Founded in 2007 in the Cayman Islands, KRyS Global is an international fraud investigation and dispute resolution firm. The firm has grown to over 65 outstanding professionals working from eight offices worldwide, predominantly situated in offshore financial centres. KRyS Global has built an enviable reputation for timely, proactive and innovative solutions, particularly in situations of uncertainty, leveraging the knowledge and experience of our professionals and incorporating practical common sense in ensuring positive outcomes for our clients.