Antigua - Official Plunder 2010

H.M.B. Holdings Limited has appealed the valuation of the Board of Assessment for the Half Moon Bay property, which the Government of Antigua has finally expropriated and taken over in July 2007.

The legal reasons for the Appeal of the Decision handed down in January 2010 by the Board's Chairman, a High Court Judge, appointed by the Governor General of Antigua and Barbuda, are grounded in evidence provided to the Board during its hearings of the matter in July 2009, as well as in issues of precedent and law.

The practical reasons for the Appeal, however, should be of concern to all Antiguans and foreign investors alike.

If allowed to stand, the establishment of a US $5 per square foot value, on what has been consistently proclaimed to be the best property on Antigua, devalues ALL of Antigua.