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ARTICLE · 06 MAY 2005

Invest In Antigua & Barbuda?

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"You are an enemy of the State - no white woman can be allowed to own such property!" screamed Senator Asot Michael, Antigua’s former Junior Finance Minister in the face of Mrs Natalia Querard, Managing Director of HMB holdings Limited.

Antigua and BarbudaWealth Management
Ian Moncrief-Scott
Ian Moncrief-Scott
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"You are an enemy of the State - no white woman can be allowed to own such property!" screamed Senator Asot Michael, Antigua’s former Junior Finance Minister in the face of Mrs Natalia Querard, Managing Director of HMB holdings Limited.

Echoing Zimbabwe’s despot dictator, Robert Mugabe, Michael was referring to his Government’s attempt at forced seizure of Half Moon Bay Resort, the privately owned property of US citizens, effectively in the name of the British Crown and in breach of US trade agreements.

Exercising eminent domain allows the State to compulsory acquire private property to enable it to be used for public purpose, such as roads, reservoirs or runways.

Specifically, it does not permit property to be passed to other private persons or organisations and former owners must be compensated in the amount of full market value of their property.

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