est. 2007

Barbados Underground

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Liberty Global’s Subsidiary in Barbados Moves to Force Out Minority Shareholders

The following communication was emailed to Jean-Pierre Paelinck, President, Secretary General, World Federation of Investors by Atrue Freeman, a concerned Barbadian investor. Dear Mr. Paelinck We acknowledge that this matter may be of little interest to you.  However, given the relatively young securities market in Barbados, we would appreciate it if you would provide us…

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The following communication was emailed to Jean-Pierre Paelinck, President, Secretary General, World Federation of Investors by Atrue Freeman, a concerned Barbadian investor.
Jean-Pierre Paelinck, President, Secretary General, World Federation of Investors

Dear Mr. Paelinck

We acknowledge that this matter may be of little interest to you.  However, given the relatively young securities market in Barbados, we would appreciate it if you would provide us with the benefit of your opinion on the transaction outlined HERE – in particular, the acquisition by amalgamation on page 15 and the quality of the fairness opinion on page 52.

Thanks in advance for any input that you may provide.

52 responses to “Liberty Global’s Subsidiary in Barbados Moves to Force Out Minority Shareholders”

  1. arunb Avatar
    arunb

    Please follow my blog http://thesoundoftime.wordpress.com

  2. Hal Austin Avatar
    Hal Austin

    Once again our politicians, lawyers and senior civil servants are found wanting. Barbadians are badly treated because they are led by mice.
    Stop trying to patchwork a decaying system. We need a new companies act, with new reporting conditions and which expressly protect the rights of minority shareholders. The present thinking behind company legislation – such as the legal fiction that a company is a body corporate – needs urgent review.
    A company is inanimate and cannot make decisions; the people who make decisions are the directors and executives. Make them accountable for their actions. Make auditors accountable for their findings. Give all stakeholders representation on the board. The Germans do it and it has not held them back and a forward-looking economy. The present system was created in order to protect businesspeople from bankruptcy.
    The last time I made this point some dodo, who clearly does not understand the arguments, tried giving me a lesson in the legal status of a company. Fool.

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