Close
Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · Kadek Wiranatha Responds
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
Bali Update
Subscribe to our free weekly newsletter!
 
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
 
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

Tel:
++62 361 286 283

Fax:
++62 361 286 284

U.S.A. Fax:(toll free)
1-800-506-8633

U.K. Fax:
++44-20-7000-1235

Australian Fax:
++61-2-94750419

24h:
++62 812 3819724

Bali Discovery

SITE PATA ASITA
Bali News

Kadek Wiranatha Responds

Owner of Breezes Resort and Spa Puts His Case for Reclaiming His Seminyak Hotel Property from Mountbatten Resort International.


Bali News: Kadek Wiranatha Responds
Click Image to Enlarge

(2/13/2010)

As reported on balidiscovery.com, there is an ongoing management dispute taking place between Made Kadek Wiranatha, the owner of the Breezes Resort and Spa in Seminyak, and Mountbatten Resort International (MRI), the management company that has been running the property since August 2008. [See: Foul Winds Blow at Breezes Resort]

Wiranatha Responds

To clarify the position of Wiranatha in the current dispute, his lawyers have issued the following points of clarification:

ē On August 14, 2008, Wiranatha entered into an agreement with the owner of MRI that included a debt of US$3.5 million owed by Wiranatha to MRI that was to be paid before September 1, 2009.

ē Failure to pay that debt by the above deadline would have seen the nominal amount of the debt due to MRI become US$4 million and provided an option to MRI to secure ownership of the 130-room resort for an additional payment of US$6 million.

ē On August 12, 2009, Wiranatha settled the debt due MRI. The payment, made before the agreed deadline, eliminated the purchase option for the resort which, in the opinion of Wiranatha's lawyer, made null and void the purchase option.

ē Wiranatha maintains that MRI has failed to pay the agreed lease payments for the 13th, 14th and 15th months (September, October, November 2009) and, by so doing, has put the resort in default of its lease agreement which provided for an 8 year lease on the property.

Wiranatha has asked MRI to vacate the premises and terminate its operation of the resort in a manner not to disturb the enjoyment of guests holidaying in Bali.


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.


 
 
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!



Our [Privacy Statement] explains how we handle the data you are providing.

 
Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!




or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
Dry Brollies in Bali
Bali Weather Forecasters Predict Delayed Rains to Finally Fall in November
(10/27/2014)
In Bali Exquisite Music is Child's Play
Twice Weekly Performance of Ancient Balinese Music in Sanur Through February 1, 2015
(10/27/2014)
More is Less
More Warnings About the Disastrous Effects of Uncontrolled Growth in Bali Accommodation Sector
(10/27/2014)
Nusa Penida Conservation Fees to Increase
Klungkung Regency Plans to Increase Entrance Fees for Day Visitors to Nusa Penida by 1,070%
(10/27/2014)
A Failure to Deliver
CEO of Hotel Bali Kuta Residence Facing Trial for Fraudulent Property Deal
(10/27/2014)
Surf's Up
56-Year-Old Australian Dies While Surfing on Kuta Beach
(10/27/2014)
Keeping the Welcome Balinese
Deputy Governor Calls for More Balinese Signage at Airport and Other Key Locations
(10/27/2014)
This Place is for the Birds
Bali Bird Park Celebrates 19 Years of Operations with Special Offers and New Bird Exhibits
(10/27/2014)
Donít Look Now!
Baliís Iconic Panorama at Kintamani Vanishing Behind Illegal Buildings
(10/27/2014)
Baliís Flushed Away Success
3 of 4 Baliís Lakes Now Badly Polluted; Failure to Act Threatens Baliís Supply of Drinking Water
(10/27/2014)
Seeking Permission to Land
Malaysian Airline Flight Makes Emergency Diversion to Bali When Passenger Goes into Labor
(10/27/2014)
Murder at Bali Emerald Villas in Sanur, Bali
Long-Time Bali Resident Bob Ellis Murdered in What Police Believe was Murder-for-Hire Scheme Orchestrated by His Wife, Noor Ellis
(10/24/2014)
All [News]!