Legal proceedings underway in fight to reclaim Sunset Building.

November 28, 2021

PHILIPSBURG:--- Legal proceedings got underway on Monday, November 24 in which the owners of Paradise Real Estate N.V. will fight to reclaim the Sunset Building which in their opinion was wrongfully auctioned on October 30, 2019.
The property was auctioned off because it was ruled that Paradise Real Estate (PRE) N.V., had failed to pay $1,317,647 in debts to Scotiabank. The property had a market value of approximately US $4 million and an auction value of $2,240,000.
Paradise Real Estate (PRE) N.V plans on presenting a strong case about wrongdoings and unethical actions by Scotiabank that ...

Source: https://www.smn-news.com/index.php/st-maarten-st-martin-news/39162-legal-proceedings-underway-in-fight-to-reclaim-sunset-building.html

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