Her Majesty’s Government of Gibraltar can confirm that all negotiations in respect of the premia and consideration for the grant of development rights over Bayside / St Anne’s plot and the Eastside plot were conducted wholly and exclusively between the Chief Minister, the Hon Fabian Picardo QC MP, for the Government, and Mr Tuan Tran, Madam Huong and Mr Adrian Olivero for The TNG Global Foundation. Mr Picardo was assisted by the Deputy Chief Minster, the Hon Joseph Garcia CMG MP, the Financial Secretary, Albert Mena, and the Chief Technical Officer, Hector Montado. No lawyers were present for either side from any firm for any part of the negotiation of commercial terms of the transactions.
ENDS
