American investors ordered to pay legal fees for failed St James bid - News Summed Up

American investors ordered to pay legal fees for failed St James bid


It explained that the sale was not concluded and it had therefore invoiced the defendant company for the 331 hours of work performed, at the contractually agreed rate of €100 per hour. VAT at 18% accounted for the remaining €5,958.As MHMC and its representatives had never appeared in court to contest the case, the court upheld the claim.According to documents submitted in court, legal representation of MHMC is vested in Syed Imranullah and Irfan Iqbal, both US citizens. In May 2015, the company opened subsidiaries Vitals Global Healthcare, Vitals Global Healthcare Management, and Vitals Global Healthcare AssetsBut with Shaukat Ali Chaudry’s own Malta company – Pivot Holdings – Bluestone also opened Crossrange Holdings, a company that owns Gozo International Medicare, and Gozo Global Healthcare. Vitals Global Healthcare will be refurbishing and expanding the Gozo general hospital, as well as the Karen Grech and St Luke’s hospitals to provide beds for both Maltese patients as well as paying foreign patients. However this has not placed any burden whatsoever on the local operations of the Group.”Additional reporting by Matthew Vella


Source: Libya Today February 03, 2017 06:29 UTC



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