Headlines:
| Supreme Court to rule on sugar injunction |
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| Friday, 03 July 2009 | |
 The team
overseeing the divestment of state owned sugar factories will hear Friday if it
can proceed with the sale of one of the entities.The Supreme Court is to rule whether an injunction barring the sale of the Hampden Sugar Estate in Trelawny should be extended. The original owners of the company are not in agreement with the Government's divestment plans and are trying to block it. Hampden has sued the Sugar Company of Jamaica, the Trelawny Sugar Company which operated the factory and the former receiver/manager John Lee in its objection to the divestment. Last week, the Government signed an agreement for the sale of Trelawny Sugar to Everglades Farm Company. The Divestment Committee said it would await Friday's court ruling before proceeding with the transfer of ownership. |