Lawyer’s network sues to stop building renovation The Lawyer’s Network has filed complaints against government officials and investors involved in a US$50 million hotel project on Strand Road, and applied for a junction to stop renovation work at the site. Advocates complaints against Yangon Region Chief Minister U Myint Swe, former head of the Myanmar Investment commission U Zeyar Aung and two private companies, Flying Tiger Engineering Company and Prime Residence. The complaints were submitted at the Yangon Region High Court on November 28 under section 42 of the Specific Relief Act. The court will decide next week whether to accept the civil case, which could lead to an order to stop renovation work. Flying Tiger won a tender in 2012 to turn the Small Claims Court on Strand Road into a five-star hotel. However, in October that year the Lawyers’ Network staged a protest against the project, arguing it was not appropriate to repurpose a court into a hotel. A second protest was held in May but work has continued at the site. Flying Tiger said, renovation work was 40 percent finished and could be completed as early as 2016.In July Flying Tiger officials announced they had reached an agreement with Swiss chain Kempinski AG under which the building would open in 2017 as the Kempinski Yangon with 239 rooms. Under the terms of the original agreement between MIC and Flying Tiger, the company has a 70-year lease on the Strand Road site. According to a letter that the president sent to parliament in July 2012 , annual rent will be 7 percent of hotel revenue, while the company will also pay a fee of US$ 14.4 million for land use and agree to invest at least K20 billion. The company is also prohibited from making major alterations to the original structure.
Posted on: Mon, 08 Dec 2014 10:19:04 +0000
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