31 Mar 2021
With regards to the recent media coverage on the commencement of litigation by a subcontractor against Paul Y. for alleged outstanding payments in respect of works carried out on our project at 22 Barker Road, we have clarified in our notice dated 11 February 2021 that there is no outstanding payments due and payable by Paul Y. to the subcontractor nor any outstanding payment due and payable from the client to Paul Y. As this matter is the subject of litigation, we have no further comment to make thereon at this time.