Atlantic Tele-Network Announces the Commencement of Law Suit in Guyana.Business Editors ST. THOMAS, U.S. Virgin Islands--(BUSINESS WIRE)--April 17, 2000 Atlantic Tele-Network, Inc. (AMEX AMEX See: American Stock Exchange :ANK ANK Ankara (Turkey) ANK Attempted, Not Known ANK Alphanumeric Keyboard ANK Anunaki (ancient Sumerian Gods) ), announced today that a lawsuit has been initiated in a Guyana court against Atlantic Tele-Network, Inc. and its subsidiary, the Guyana Telephone & Telegraph Company Limited, which seeks to invalidate the 1990 agreement between the government of Guyana and ATN ATN Acute tubular necrosis, see there pursuant to which GT&T received an exclusive license to provide telephone service in Guyana. The suit charges that the agreement is in conflict with provisions of the laws of Guyana which prohibit monopolies. ATN and its subsidiary, GT&T, have not yet been served with the lawsuit, and the matter is currently under study by their Guyanese counsel. At the time of the privatization privatization: see nationalization. privatization Transfer of government services or assets to the private sector. State-owned assets may be sold to private owners, or statutory restrictions on competition between privately and publicly owned of GT&T in January 1991, the solicitor general An officer of the U.S. Justice Department who represents the federal government in cases before the U.S. Supreme Court. The solicitor general is charged with representing the Executive Branch of the U.S. government in cases before the U.S. Supreme Court. of Guyana, acting on behalf of the attorney general of Guyana, and a Guyanese law firm which represented ATN in the transaction, issued legal opinions that the agreement challenged in the present suit was a legal, valid, binding and enforceable obligation of the government of Guyana. The attorney for the plaintiffs in the present suit was and still is a member of the Guyanese law firm which issued that opinion on behalf of ATN in 1999. |
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