Afra Raymond Analyzes Sandals MOU
Disclaimer, do not read this blog if you are a navel gazer. Congratulations to Afra and his team for forcing this matter – David, blogmaster
29th November 2018 was the first hearing of my Judicial Review of the refusal of the Office of the Prime Minister (OPM) to provide a copy of the Tobago Sandals Memorandum of Understanding (MoU) which I had requested under the Freedom of Information Act (FoIA) since 27th February 2018. At that hearing, the OPM agreed to provide the MoU and pay my costs, so my lawsuit was withdrawn.
(L-R): Adam Stewart, Sandals Resorts Group Deputy Chairman; Minister of Communications, Stuart Young; and Sandals CEO, Gebhard F. Rainer with the MoU for Tobago Sandals
This Tobago Sandals MoU was signed on 10th October 2017 and should have been disclosed long ago, without any necessity for legal action on my part. The PM and Minister Stuart Young repeatedly told the public that these details could not be published as that would undermine these important negotiations and so on and so forth.
Nine months of delays and obfuscation verging on an abuse of process, but that is just my opinion, as the OPM was advised by eminent Senior Counsel, Deborah Peake.
When the MoU was released at a press conference the evening before, Minister Stuart Young was emphatic that the decision to publish had nothing to do with me or my litigation. One has to wonder at the quality of advice being taken by the Cabinet.
We had to endure expensive time-wasting and elaborate waffle, dripping with disdain, about ‘sophisticated investors‘ and ‘how government business really runs‘. Well this is a good time to examine the actual Tobago Sandals MoU and see how sophisticated investors really work and learn how government business really runs. This is a serious teaching moment.
There were many positive features in the MoU (embedded below) in favour of Sandals. In fact, the MoU is so protective of Sandals’ interests that one can scarcely imagine how on earth we the public will ever profit from this immense investment. This article details my concerns on the decisive provisions of the MoU.
Read Afra’s full analysis – https://afraraymond.net/2018/12/05/property-matters-tobago-sandals-mou/