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The Towers at Mullet #165416
07/09/2018 08:08 PM
07/09/2018 08:08 PM
Joined: Nov 2009
Posts: 2,889
Maryland/DC Metro
BeachKitten Offline OP
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BeachKitten  Offline OP
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Joined: Nov 2009
Posts: 2,889
Maryland/DC Metro
Does anyone speak enough legalese to know what this is about?!

https://www.thedailyherald.sx/islands/78415-lien-on-sun-resorts-in-emergency-rule-ennia


"It is good to do nothing all day, and then to rest" wink
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Re: The Towers at Mullet [Re: BeachKitten] #165419
07/09/2018 08:54 PM
07/09/2018 08:54 PM
Joined: Jan 2008
Posts: 12,876
Ottawa, Ontario, Canada
islandgem Offline
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islandgem  Offline
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Posts: 12,876
Ottawa, Ontario, Canada
It sounds like Sun Resorts owns The Towers at Mullet Bay and a lien has been placed on all Sun Resorts properties. Not sure how serious this is and how it affects the timeshare as such.



[Linked Image]


Re: The Towers at Mullet [Re: islandgem] #165422
07/09/2018 09:30 PM
07/09/2018 09:30 PM
Joined: Apr 2001
Posts: 12,607
Brookfield, CT.
pat Offline
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pat  Offline
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Brookfield, CT.
That was pretty much my take, too. The Towers is one of many properties owned by the Ansary family and seemingly, a lien has been placed on at least six of them which basically means, if I even vaguely understand lien rights, it means they can’t dispose of these six properties until the debt is resolved and/ or the lien is lifted. It’s not a good thing but I don’t think it’s the end of the world either. I hope.......

Carol, your legal mind and expertise are sincerely needed.


Respectfully,

pat



"Always keep your words soft and sweet, just in case you have to eat
them."
Re: The Towers at Mullet [Re: pat] #165423
07/09/2018 09:57 PM
07/09/2018 09:57 PM
Joined: Nov 2009
Posts: 2,889
Maryland/DC Metro
BeachKitten Offline OP
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BeachKitten  Offline OP
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Maryland/DC Metro
Why would there be a lien? Weren't they rich as sh*t and went without hurricane insurance and decided to rebuild themselves?

This property much be in a holding somewhere.


"It is good to do nothing all day, and then to rest" wink
Re: The Towers at Mullet [Re: pat] #165430
07/10/2018 07:05 AM
07/10/2018 07:05 AM
Joined: Aug 2000
Posts: 70,596
Central Florida!
Carol_Hill Offline
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Carol_Hill  Offline
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Posts: 70,596
Central Florida!
Pat--I can look at it again. I looked at it once and couldn't figure out what they were talking about. Does Ansari own part of Ennia??


Carol Hill
Re: The Towers at Mullet [Re: BeachKitten] #165431
07/10/2018 07:28 AM
07/10/2018 07:28 AM
Joined: Jul 2015
Posts: 47
sxm
E
enzosxm Offline
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enzosxm  Offline
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E
Joined: Jul 2015
Posts: 47
sxm
The Court of First Instance has placed a lien on all Sun Resort properties, The Tovers, Mullet Bay land etc. etc., as his owner, also owner of Ennia Insurance, about 40-50% of the local insurance market, was withdrawing funds from Ennia in excess of 100hundred milions usd, making the company rather weak from a financial standpoint. Also in the Netherlands a question time in the Parliament about this funds withdrawal and the stability of Ennia took place a few days ago

Re: The Towers at Mullet [Re: BeachKitten] #165433
07/10/2018 07:43 AM
07/10/2018 07:43 AM
Joined: May 2002
Posts: 3,559
Kennys Offline
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Kennys  Offline
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Posts: 3,559
Mr. Ansary owns everything that's mentioned.

Re: The Towers at Mullet [Re: BeachKitten] #165434
07/10/2018 07:43 AM
07/10/2018 07:43 AM
Joined: Jul 2006
Posts: 332
CT
islandlove Offline
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islandlove  Offline
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Posts: 332
CT
sorry i mean found this link...http://curacaochronicle.com/local/insurance-company-ennia-emptied-under-the-eyes-of-the-central-bank/

Re: The Towers at Mullet [Re: islandlove] #165445
07/10/2018 08:55 AM
07/10/2018 08:55 AM
Joined: Nov 2009
Posts: 2,889
Maryland/DC Metro
BeachKitten Offline OP
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BeachKitten  Offline OP
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Joined: Nov 2009
Posts: 2,889
Maryland/DC Metro
That's a two year old article, and it even says that the practice has been going on since 2011?! Yikes.
What position were they in to cover things when Irma hit then? titanic


"It is good to do nothing all day, and then to rest" wink
Re: The Towers at Mullet [Re: BeachKitten] #165446
07/10/2018 09:21 AM
07/10/2018 09:21 AM
Joined: Sep 2003
Posts: 17,159
St Maarten
BillandElaine Offline
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BillandElaine  Offline
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Joined: Sep 2003
Posts: 17,159
St Maarten
We had excellent service and rational settlement by Ennia after Irma.


Elaine
*********************************
God Bless the broken road....
Re: The Towers at Mullet [Re: BeachKitten] #165447
07/10/2018 09:31 AM
07/10/2018 09:31 AM
Joined: Nov 2009
Posts: 2,889
Maryland/DC Metro
BeachKitten Offline OP
Traveler
BeachKitten  Offline OP
Traveler
Joined: Nov 2009
Posts: 2,889
Maryland/DC Metro


"It is good to do nothing all day, and then to rest" wink

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