![]() ![]() ![]() Mr Hall made his first offer to acquire the former Diamond Crystal property on August 12, 2002, and he both signed and returned a draft sales contract sent to him by Maritek’s Bahamian realtors, Sunshine Real Estate. Maritek Bahamas was represented by Donna Harding-Lee. Mr Peet would not have been involved in the transaction, having resigned from all matters involving his law firm due to his Cabinet post. That was just after the first Christie administration took office, and Mr Hall was employing Vincent Peet & Company, the law firm of then-minister of labour and immigration, Vincent Peet, as his attorneys. Setting out the background to the dispute between Mr Hall and Maritek Bahamas, the Privy Council said the two parties negotiated the property’s sale/purchase over a five-month period between August and December 2002. ![]() He added that the land was ripe for being divided up and sold to facilitate resort, second home and other real estate-based developments. Mario Cartwright, the former Long Island Chamber of Commerce president, told Tribune Business in 2012 that the dispute had effectively tied-up some 20 miles of the island’s coastline. ![]() It is unclear what will now happen to the former Diamond Crystal site, but the dispute’s end unlocks at least one obstacle to the property’s potential redevelopment and revival of Long Island’s wider economy. Its verdict ends the prolonged fight mounted by businessman Peter Hall, who repeatedly alleged he had a legally binding contract to acquire the 24,682 acre property. The Bahamian judicial system’s highest court brought an almost 10-year dispute over the former Diamond Crystal Salt Company site to an end by affirming rulings in the lower courts that favoured its current owner, Maritek Bahamas. An $11.5 million deal to purchase the 25,000 acre property that was once Long Island’s largest employer cannot be concluded because there was never “an enforceable sales contract”, the Privy Council ruled yesterday. ![]()
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