Harbour has another Zebec court case looming

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~ Parliament canceled meeting about Harbour state of affairs on Friday ~

PHILIPSBURG – Sources familiar with the Harbour have confirmed that the St. Maarten Harbour Holding Company (SMHHC) N.V. has been served with court papers recently by the same group, Zebec Development (Zebec) N.V., which it paid a hefty financial settlement to (USD 10 million, covered with a loan from Social and Health Insurances SZV) as a result of a previous lawsuit back in 2015 regarding a dispute about a 13.000 square meters plot of land adjacent to the Harbour intended to become “The Harbour Village” in a collaborative effort between Zebec and the Harbour.

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The sources confirmed SMHHC is in violation of the stipulations set forth in the previous legal settlement and therefore Zebec has served SMHHC with court papers again. The previous lawsuit filed by Zebec against the St. Maarten Harbour Group of Companies and its Chief Executive Officer (CEO) Mark Mingo was for a legal claim of over USD 100 million. It is unclear if the new lawsuit is for the same amount.

This comes at a time when the Public Prosecutor has filed a petition for an administrative inquiry into alleged wrongdoings within the Harbour St. Maarten Group of Companies and thirteen sister companies in which the judge granted the requested suspension of CEO Mark Mingo in June of this year.

A Central Committee meeting scheduled for last Friday August 17th, 2018 was cancelled by the United Democrats Members of Parliament (MPs) who previously had requested the meeting. In doing so, Parliament will not be receiving an update on the current state of affairs at the St. Maarten Harbour Group of Companies. The source confirmed that the real reason behind the cancellation of this Parliament meeting was the new looming court case which could be damaging for the Harbour.

 

 

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