09/25/2010

As some of you may know last month Mr. Miranda was declared in contempt of a Court proceeding after being irregularly summoned by an Acting Judge. Within the same court decision, a security precaution in the amount of $200 million was issued in order to cover costs that might arise from claims made against the Chairman of the Board of Punta Perla.

Mr. Miranda immediately travelled to the Dominican Republic, to appear before the Court and the judge in order to present his defense for himself and Punta Perla, requesting the annulment of said court decision. After this, a new hearing was set for August 26th to hear and review all the facts in the above mentioned lawsuit. However, in the week prior to the court date, and thanks to our local attorneys’ efforts, “the same prosecutor’s office issued a written order- request to the Court to immediately revoke the decision previously issued for lack of evidence and just cause”.
 
The hearing took place on the established date, August 26th. All parties were present, ensuring that the facts and the outcome derived were clearly defined by the ruling of the judge, entirely preventing future interpretations on behalf of all the parties involved.
 
The final ruling issued by the judge after the court hearing was to ”revoke and leave without effect” that which had been previously declared, cancelling both the “contempt of court request” and the judicial injunction securing the $200 million against the property of Punta Perla. In the same ruling, the Court ordered the immediate removal of said monetary precaution from the records.
 
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