Caribbean News Now!

About Us Contact Us


Jump to your country or territory of interest

Advertise with us

Reach our daily visitors from around the Caribbean and throughout the world. Click here for rates and placements.


Submit news and opinion for publication


Click here to receive our daily regional news headlines by email.


Click here to browse our extensive archives going back to 2004

Also, for the convenience of our readers and the online community generally, we have reproduced the complete Caribbean Net News archives from 2004 to 2010 here.

Climate Change Watch

The Caribbean is especially vulnerable to rising sea levels brought about by global warming. Read the latest news and information here...

Follow Caribbean News Now on Twitter
Connect with Caribbean News Now on Linkedin

News from the Caribbean:

Back To Today's News

Privy Council slashes US$46 million judgment against Antigua-Barbuda
Published on March 1, 2014 Email To Friend    Print Version

Half Moon Bay, Antigua

ST JOHN’S, Antigua -- The Privy Council in London has slashed, by about half, a multi-million dollar award the government of Antigua and Barbuda had been ordered to pay Half Moon Bay (HMB) Holdings for its property compulsorily acquired in 2007.

In a statement following the judgment, the government said it was vindicated in its assessment, saved taxpayers’ money, and “now job-creating development can move forward at one of the most beautiful beaches in our country.”

"This is a big win for the people of Antigua and Barbuda," the statement said. "It means that we will soon finally have this episode behind us and we can move forward with job creating development. It shows that we were on the side of right all along and that taxpayer money will be saved."

The Privy Council decision overturns the 2011 Eastern Caribbean Supreme Court of Appeal order for the government to pay HMB around US$46 million with interest at 10.25 percent per annum.

The new valuation is more in line with the US$23 million the government of Antigua and Barbuda has been insisting was the worth of the property.
Reads: 8333

Click here to receive daily news headlines from Caribbean News Now!



No comments on this topic yet. Be the first one to submit a comment.


As a result of our comments feature being overtaken in recent weeks by spammers using fake email addresses, producing a large number of bounced verification emails each day, we have reluctantly decided to suspend the comments section until further notice.

User comments posted on this website are the sole views and opinions of the comment author and are not representative of Caribbean News Now or its staff. Caribbean News Now accepts no liability and will not be held accountable for user comments.
Caribbean News Now reserves the right to remove, edit or censor any comments. Any content that is considered unsuitable, unlawful or offensive, includes personal details, advertises or promotes products, services or websites or repeats previous comments will not be approved.
Before posting, please refer to our Terms of Use and Privacy Policy.

Other Headlines:

Regional Sports: