High Court dismisses $24M claim against EMBD

The High Court has dis­missed a $24 mil­lion claim brought by Main­way In­dus­tri­al In­stal­la­tion Ltd against State-owned Es­tate Man­age­ment and Busi­ness De­vel­op­ment Com­pa­ny Ltd (EM­BD), rul­ing that the com­pa­ny wait­ed too long to pur­sue the al­leged out­stand­ing pay­ments.

In a de­ci­sion dat­ed Oc­to­ber 30, Jus­tice Sher­lanne Pierre found that the claim was filed out­side the four-year lim­i­ta­tion pe­ri­od pre­scribed by law. Main­way was seek­ing $9.4 mil­lion for con­struc­tion work car­ried out un­der two con­tracts, along with ap­prox­i­mate­ly $14.6 mil­lion in in­ter­est and fi­nance charges. The dis­pute re­lates to the La Ro­maine Res­i­den­tial De­vel­op­ment Project, con­tract­ed in 2008, and the Util­i­ty Cor­ri­dor Project, con­tract­ed in 2010.

EM­BD en­gaged Main­way to car­ry out the con­struc­tion works un­der both agree­ments.