Ghost employee Derby has to pay millions to Ennia
PHILIPSBURG — The Court in First Instance sentenced Clarence Derby, the former manager of The Towers at Mullet Bay to pay insurance company Ennia more than $2.1 million for payments he received without a legal basis between 2008 and 2018. The amount consists of unlawfully paid salaries and legal costs. Derby started working for Sun Resorts in More...
Finance Minister Marinka Gumbs calls out MP Doran Over Mullet Bay
GREAT BAY, St. Maarten (November, 2024) – I have taken note of an article attributed to Member of Parliament Egbert Jurendy Doran, that seeks to call into question my stand on the sale of Mullet Bay in view More...
“Hands-Off or All-In?” Doran Pushes for Sint Maarten’s Right to Mullet Bay
PHILIPSBURG — November 19th, 2024 — MP Egbert Doran is voicing serious concerns over the government’s recent handling of the Ennia amendment, specifically regarding the sale of the Sun Resorts Ltd. N.V.-owned More...
Follow-Up Steps in ENNIA Resolution
WILLEMSTAD/PHILIPSBURG – The Centrale Bank van Curaçao en Sint Maarten (CBCS), in close cooperation with the Governments of Curaçao and Sint Maarten and with the aim of safeguarding the interests of policyholders More...
The future of Mullet Bay
By Hilbert Haar Once upon a time, former parliamentarian Rolando Brison wanted to “give Mullet Bay back to the people.” Nothing of the sort happened, of course, and now its rightful owner Sun Resorts has decided More...
Approval of Ennia-solution does not make everybody happy
By Hilbert Haar PHILIPSBURG — The parliament of St. Maarten approved the solution for the Ennia group of companies in October but not everybody is happy with the decision. Five parliamentarians voted against More...
Another illegal sale of Mullet Bay
Dear Editor, I am writing to bring to your attention a matter of serious concern regarding what will be another illegal sale of Mullet Bay and hence bring the attention to the questionable sales of Cupy Coy in More...
CBCS sounds the alarm over lack of parliamentary approval for ENNIA-solution
PHILIPSBURG — The Central Bank of Curacao and St. Maarten (CBCS) wants to finalize the restructuring of troubled insurance company ENNIA by December 1 of this year but it is unable to do so without approval More...
Parliament hesitant about approving Ennia-solution
PHILIPSBURG — It is not at all certain that the parliament will approve the proposal to save Ennia from bankruptcy and thus protecting the interest of its policy holders. Finance Minister Marinka Gumbs More...
Finance Minister Gumbs criticizes Ennia-solution
PHILIPSBURG — Finance Minister Marinka Gumbs is highly critical of the proposed solution to keep insurance company Ennia out of bankruptcy. The Netherlands has made the interest rate St. Maarten has to pay More...
