My Morning Paper 12th April 12, 2014 Is the Government Really this incompetent? “Section 8.6 of the Shareholders Agreement (between CWC and the Bahamas Government) reads as follow: “Matters not requiring the consent or approval of the Government. For the purpose of this agreement, the consent or approval of the Government will not be necessary in respect of matters specifically and expressly set out in, permitted by, required under or agreed pursuant to:” Clause 8.3.18 under Section 8.6 “Voluntary Workforce Restructuring Plan” provides that Government of The Bahamas (GoTB) may veto any redundancies in the 2 year period following the effective date i.e. between 6 April 2011 and 6 April 2013. Further, Clause 8.3.9 speaks to GoTB’s veto in relation to relocation overseas of the principal place of business or material part of BTC’s undertaking.” Above is an excerpt from a statement of by the Progressive Liberal Party. This is a section of the contract signed between the Free National Movement (FNM) government and Cable and Wireless Communications (CWC). This excerpt, these two clauses are what the present government is using as evidence that they never planned to outsource or agree to allow any portions of BTC to be out outsource and the FNM left this in the contract so if any out sourcing were to happen then it would be the fault of the poor deal struck between the FNM administration and C&W. My only question upon reading this is, is the Progressive Liberal Party really this incompetent? Let us pretend, for the sake of argument that the clauses 8.13.18 and 8.13.9 are to be interpreted in the way that the PLP say that they should, then does this also mean that they (the PLP) are grossly delinquent in their duties to the people of the Bahamas, whom they claimed to have wanted to protect? As a protector of the people, as they would have us believe that they are , should they have not brought such potential damning to light over two years ago. If these clauses mean what they would have us believe that they mean, where were they when it was time to object to these very terms of the agreement? I feel that any competent person in opposition to this deal, knowing the details of the deal, would have brought these two clauses to light right away. I feel anyone would have found it reasonable and logical to use these very same clauses to bring about a strong argument in opposition to the sale of BTC but they did not, so I ask why didn’t they? Are they really this incompetent or is this another instance of smoke and screens to distract from something else that is going on? And are they intentionally misleading the people though the misinterpretation of these two clauses? Is this present government, this group of learned men, many of whom are lawyers, really this bad/inept?
Posted on: Sat, 12 Apr 2014 12:24:47 +0000
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