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GuySuCo’s response to $200M lawsuit

Oct 24, 2009 Letters

Dear Editor,
The Guyana Sugar Corporation is currently engaged in defending its right to the trade mark “Demerara Gold” both in the United States of America and Canada, against claims made by Bedessee Imports Inc. and Bedessee Imports Ltd.
The Government and the Minister of Agriculture are also parties to the litigation in the US.
GuySuCo believes that it has the exclusive right to the trade mark “Demerara Gold” and expects to vindicate that right in the pending proceedings, in furtherance of its strategic plan to develop “Demerara Gold” as a flagship product.
GuySuCo’s lawyers in the United States are Foley Hoag LLP, a firm with offices in Washington, DC and Boston.
This is the same law firm that successfully spearheaded the case for the Government of Guyana in the maritime boundary dispute with Suriname.
The fees being charged by the lawyers are moderate and reasonable in any event and moreso in a case as complex as this one.
They are nothing close to the US$1,500 an hour mentioned by the Kaieteur News in a report on the 20th October, 2009.
Communication Unit GuySuCo

Editor’s Note:
Kaieteur News never reported that the two Hoag and Foley lawyers charge US$1,500 per hour.
And while GuySuCo does not refute the final cost of $200 million which has been very conservatively set, GuySuCo does not say whether it would recover this legal cost when it “vindicates that right in the pending proceedings in furtherance of its strategic plan to develop “Demerara Gold.”

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