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Baha Mar pictured on Sunday. Photo: Dante Carrer/Tribune Staff

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BREAKING: Appeals court upholds Izmirlian $1.642bn damages award

A New York appeals court has upheld Sarkis Izmirlian's $1.642bn damages award for fraud and breach of contract by CCA over the original Baha Mar project's failure.

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Baha Mar crisis ‘averted’ if CCA didn’t purchase British Colonial

Baha Mar’s financial crisis would have been “averted” if its main contractor had properly used $54m to pay the project’s sub-contractors rather than fund the British Colonial’s purchase, a US judge has ruled.

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