Baha Mar’s original developer was yesterday celebrating a major legal victory after a New York court upheld his $2.25bn fraud and breach of contract claim against the project’s contractor.
Sarkis Izmirlian and his BML Properties vehicle successfully persuaded the New York State Supreme Court to reject China Construction America’s (CCA) bid to both dismiss the fraud claim and have the case sent to arbitration
Justice Saliann Scarpulla’s ruling forces CCA to now file a formal defence to the Lyford Cay resident’s allegations by February 13, 2019, while keeping the dispute before the court and thus in the public domain.
The Chinese state-owned contractor, which owns downtown Nassau’s British Colonial Hilton, dislikes the publicity associated with events it is anxious to put behind it. This is revealed in transcripts filed with the New York State Supreme Court where its attorneys expressed the company’s displeasure at continued coverage by Tribune Business.
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