November 25, 2022
Baha Mar's original developer Sarkis Izmirlian.
Stories this photo appears in:
‘Put hotels up for security in appeal’
Baha Mar’s original developer last night argued that the two Nassau hotels owned by the project’s contractor should be pledged as security for its New York appeal against his $1.642bn damages verdict.
'BEYOND DOUBT': Izmirlian wins $1.6bn Baha Mar battle with CCA
Baha Mar's original developer has won more than $1.6bn in damages over its fraud and breach of contract claim against the project's main contractor.
Sarkis ‘I’d have saved’ $500m if CCA told truth
BAHA Mar’s original developer would not have spent $500m on preparing for the failed March 2015 opening if he “had known the truth” that its main contractor was about to bust the deadline.
Court hears final claims in Baha Mar $1.5bn case
The New York legal clash between Baha Mar’s main contractor, China Construction America (CCA), and Sarkis Izmirlian involving claims of fraud and breach of contract wrapped up with the contractor claiming that debt led to a $1.5bn loss and not construction delays - a claim contended by Mr Izmirlian’s legal team.
Izmirlian victory in Baha Mar legal challenge
Sarkis Izmirlian has successfully fought-off a bid by Baha Mar’s main contractor to slash his damages claim by $830m just days before their fraud and breach of contract battle goes to trial in New York.
Sarkis wins bid to take Baha Mar fraud claim to trial
SARKIS Izmirlian’s $2.25bn fraud and breach of contract claim against Baha Mar’s Chinese contractor was yesterday cleared to proceed to full trial before a New York court this August.
CCA: Reverse Baha Mar sabotage 'in its entirety'
Baha Mar's contractor is seeking to overturn "in its entirety" a New York judge's verdict that it sabotaged Baha Mar's completion and orchestrated Sarkis Izmirlian's removal as the project's developer.
Judge: 'Now clear' Baha Mar sabotaged by CCA
Sarkis Izmirlian yesterday secured a major legal victory after a New York judge ruled "it is now clear" that China Construction America (CCA) sabotaged Baha Mar's completion and orchestrated the developer's removal.
Hyatt warned Sarkis: ‘You’ll never meet opening target’
Sarkis Izmirlian received more than three months’ warning from his major resort partner that it would only begin accepting bookings from June 1, 2015, as the resort’s target opening was “not a viable option”.
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