In a press release sent to RTC News from Akita Holdings on the Press Statement Issued by His Excellency, the Governor, Rick Todd’s media briefing on January 24th, 2012 along with Laurence Harris, partner in charge, Edwards Wildman Palmer, the international law firm undertaking the civil recovery programme in the Turks & Caicos Islands.
The claim brought against Akita Holdings Limited by the Government in the Supreme Court of the Turks and Caicos Islands concerns two matters. The first matter is a lease of a parcel of land in South Caicos. That lease has expired and the land belongs to the Government. Akita does not occupy the land and never claim that it was entitled to the land after the expiry of the lease. There is a sum due for rent prior to the expiry of the lease, which Akita has never disputed.
The second claim relates to land at South Dock from which Akita carries on its business. This land was properly obtained by Akita and the claim will be vigorously defended.
As the claim is the subject matter of legal proceedings, no further statement will be made.
Sincerely,
Akita Holdings
Early this week RTC aired a press conference where Mr. Lawrence Harris in charge of Edwards, Wildman, Palmer the International law firm undertaking the civil recovery programme mentioned Akita Holdings in the press conference.
