DR Lawsuit

JD Jones

Moderator - Covid 19 in DR & North Coast
Jan 7, 2016
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What is this about?
This appears to be about Michael Lee-Chin, the guy who sued the DR govt. after getting thrown out of running the Duquesa landfill.
 
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Fernandez

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Jan 4, 2002
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Principal and partner of L.J. Asilis of Group Metro, original fund developers of Las Olas in Juan Dolio where title issues
continue to be an issue. Alleged investors in Costa Blanca, and Las Quintas next to Metro Country Club - both projects in disarray.
 

CristoRey

Welcome To Wonderland
Apr 1, 2014
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Principal and partner of L.J. Asilis of Group Metro, original fund developers of Las Olas in Juan Dolio where title issues
continue to be an issue. Alleged investors in Costa Blanca, and Las Quintas next to Metro Country Club - both projects in disarray.
Real estate scam?
 

JD Jones

Moderator - Covid 19 in DR & North Coast
Jan 7, 2016
6,178
3,541
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Principal and partner of L.J. Asilis of Group Metro, original fund developers of Las Olas in Juan Dolio where title issues
continue to be an issue. Alleged investors in Costa Blanca, and Las Quintas next to Metro Country Club - both projects in disarray.
Michael Lee-Chin is a partner of Metro Group?
 

Fernandez

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Jan 4, 2002
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Posted in the DR Press notices: May 24th 2022 in San Pedro de Macoris. Public auction of land parcel known to be the land complex containing Metro Country Club by second lien holder who seeks to recuperate unpaid debts owed by MCC.
 
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JD Jones

Moderator - Covid 19 in DR & North Coast
Jan 7, 2016
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Posted in the DR Press notices: May 24th 2022 in San Pedro de Macoris. Public auction of land parcel known to be the land complex containing Metro Country Club by second lien holder who seeks to recuperate unpaid debts owed by MCC.
I'm guessing it refers to the golf club and the golf course. Could be interesting.

Speaking of auctions, it was announced a couple of days ago that Bienes Nacionales announced they have collected more than 29 MM pesos from public auctions so far this year, which includes vehicles, properties and other items.


I have no idea where the coming auctions are announced.
 
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Fernandez

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over 730,000 sq mtrs of parcel including MCC, Club House,, Unsold Lots, Electric installation, water etc...
The first lien holder receives US$7,411,000.00 from proceeds. The second lien holder who is forcing the embargo receives US$3,200,000.00. US$10,611,000 plus all in. There are other issues currently facing MCC, residing in the Supreme Court where they are appealing a USA Verdict which the DR courts have already legitimized totaling over US$15MM (funds due first lien holder which would be reduced by the auction amount received. )

The rentas internas auctions amount to US$548,000.00 about the value of a decent home in MCC.
At least it is a start.
 

Fernandez

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The Judge in San Pedro has moved the auction to July 13th in San Pedro. Metro provided a court ruling document that invalidates the second lienholder's claims as fundamentally "unfounded". This person has invested in Cost Blanca, the San Pedro disaster at the mouth of the river and somehow secured a judicial mortgage on Metro Country Club, and unrelated entity. The first lien holder continues to pursue the Supreme Court hearing in Santo Domingo concerning the USA court awards.