Metropolitan Hotel Shut Down over US$51,740 Unpaid Loans

first_imgMetropolitan Plaza Hotel, situated on Broad Street, Monrovia, was last Thursday shut down by the Commercial Court for defaulting on a US$51,740 loan from Global Bank-Liberia Limited.The hotel’s closure was a result of the final judgment entered against the hotel by the court on November 13, 2013.The bank said it loaned or guaranteed Metropolitan Plaza US$99,000 before the lawsuit, of which US$51,740 is still owned by the company.A.N. Charifz, general manager of the hotel and loan guarantor, was nowhere to be found when the court’s officers went to close it down following a “Writ of Execution” issued by Resident Chief Judge Eva Mappy Morgan, last Thursday.In the execution order, Judge   Morgan instructed her court   officers that, “If Charifz fails to comply with the order, they   should arrest him for contempt of court consistent with 1LCL Revised Chapter 44- enforcement of judgment and orders.”The court further ordered Charifz to pay Global Bank the sum of money necessary to satisfy the judgment adding that “if the money that would be realized from sale of the company’s properties is not sufficient to pay the reasonable expenses, then seize the real properties until it shall have raised the sum of US$51,740.”Judge Morgan also instructed court officers to seize and expose for sale land, goods and chattels of the management of Metropolitan Plaza Hotel.”Immediately, after the sudden closure of the hotel, an employee was heard phoning his fellow workers shouting,” Oh, guys the government has closed the hotel. We and our customers have been left in the cold, especially in this festive Season,”According to financial experts, non-payment on bank loans by business institutions could jeopardize the entire financial system of the country,   especially in the post- Ebola recovery period.In August 2013, Global Bank Liberia Limited filed a case in the Commercial Court to recover US$99,000 from Metropolitan Plaza in unpaid loans and interests due the bank.After the company was sued for non-payment, the court ruled on November 3, 2013 that the company was not paying the US$99,000 loan in compliance with the agreement and authorized the bank to sell the company’s mortgaged properties to recover the outstanding debts.The court at the time also ordered the company to settle the outstanding debt within a few months, which it failed to do up to the hotel’s closure last Thursday.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

Concern for cross-border healthcare scheme following reimbursement delays

first_imgThe Minister for Health has come under further pressure to approve additional resources for the Cross-Border Directive unit following long delays in the reimbursement scheme.Recent figures show there has been a huge increase in people across the country accessing services through the Cross-Border Directive.Speaking on the matter, Deputy McConalogue said it was time that additional resources were granted sooner rather than later. “The cross-border directive provides people who are languishing on waiting lists with an alternative option by giving them the opportunity to avail of health services in another European country,” McConalogue saidThey can then recoup costs from the HSE for the amount of that treatment in Ireland, or the cost of the treatment abroad, if that is less.“In our County (Donegal), patients more often than not, avail of services in Northern Ireland for a wide-ranging array of treatments and surgeries,” he added.“The scheme has exploded in popularity in recent years as waiting lists have become unbearably long. This has been shown by the number of people making applications under the CBD.” In 2014, there was a total of 37 processed applications for reimbursement and prior authorisation under the CBD scheme, with the most recent figures revealing the number at 5,379.“For of the number of people now seeking services through the CBD, more staff are required to adequately process reimbursements in a timely manner,” McConalogue added.“Unfortunately, those who have chosen to pursue medical treatment through the CBD are currently experiencing long delays in having their reimbursement issued. This is not only frustrating for them but also financially crippling.“The Cross-Border team have made a number of submissions to the Department of Health seeking additional resources to cope with the sheer amount of applications they are receiving.“However, the Minister has not yet saw fit to approve this despite this being a scheme which actively seeks to reduce waiting lists,” he said. “The Minister must approve these additional resources so that reimbursements can be processed in a timely manner and so that the current delays can be cleared.”Concern for cross-border healthcare scheme following reimbursement delays was last modified: April 10th, 2019 by Shaun KeenanShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:CHARLIE MCCCONLOGUElast_img read more

Photos: Golden State Warriors fans last night at Oracle Arena

first_imgClick here if you’re unable to view the gallery on your mobile device.It was not only the end of the NBA Finals for Golden State Warriors fans, it was the end of an era.After 47 years, it was the last night at Oracle Arena as the team moves to the new billion-dollar Chase Center in San Francisco next season.The Warriors fell short in a 114-110 loss to the Toronto Raptors in Game 6 of the NBA Finals on Thursday, denying them a chance to extend their dynasty after winning three NBA …last_img read more

Report MHI to Reduce Shipbuilding Activities

first_imgzoom Japan’s Mitsubishi Heavy Industries, Ltd. (MHI) is planning to cut its shipbuilding activities as the company decided to cease taking orders for large passenger ships, Nikkei newspaper cited undisclosed sources.The company reportedly opted for the move amid a plunge of 80 percent in new shipbuilding orders so far this year.Nikkei further reported that MHI would spin off its design and development division and share shipyards with other shipbuilders.After experiencing cost overruns in its cruise ship sector, the company decided to review its future position in the cruise shipbuilding industry, The Financial Times earlier said.MHI booked additional extraordinary loss of JPY 50.8 billion (USD 457.1 million) in its cruise ship business for the fourth quarter of fiscal year 2015 due to the delay in delivery of German-based cruise line Aida Cruises’ two new cruise ships AIDAprima and AIDAperla, ordered from the shipbuilder in November 2011.The additional amount pushed MHI’s overall extraordinary losses throughout fiscal year 2015 to JPY 103.9 billion.World Maritime News Stafflast_img read more