NewsWhore
12-10-2007, 01:50 PM
The Dominican government, under immense pressure from all sides, has decided to rescind its contract with the Sun Land Corporation, signed on 15 May 2006. The deal involved the signing of US$130 million in IOUs by the Supervising Engineer of State Public Works, Felix Bautista, with the authorization of the Executive Branch. The government indicated lack of fulfilment of contractual obligations as the reason for the rescinding of the contract. El Caribe says that all agreements between the two parties were cancelled. According to the Sun Land Corp., S.A., the government will have to pay the sum of US$32 million for work already completed.
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More... (http://www.dr1.com/index.html#12)