Judge: 'Now clear' Baha Mar sabotaged by CCA | The Tribune
May 26, 2023 · 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...
CCA: $1.6bn Baha Mar ruling ‘not the last word’ | The Tribune
5 days ago · The New York judge found that Baha Mar’s financial crisis, which resulted in the liquidity crunch sparking Mr Izmirlian’s ultimately unsuccessful Chapter 11 bankruptcy protection filing in...
Bahamas: Baha Mar announces $350M expansion, adding luxury …
Sep 19, 2024 · Baha Mar will break ground on a $350 million 350-room resort and luxury branded residences in 2026, employing 400 Bahamian workers during construction and over 500 Bahamian associates upon completion.
Izmirlian victory in Baha Mar legal challenge | The Tribune
Jul 26, 2024 · 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 twists in Baha Mar court matter - thenassauguardian.com
3 days ago · The fallout from Baha Mar’s collapse was immense. Thousands of Bahamians were left jobless, and the broader economy suffered a significant blow. Beyond the economic losses, the scandal tarnished The Bahamas’ reputation as a reliable destination for international investment. The New York court’s findings were damning.
PM directs review of $1.6B ruling in Baha Mar fraud case
Oct 21, 2024 · BML Properties Ltd. has been awarded over $1.6 billion against China Construction America in its long-running New York lawsuit concerning the Baha Mar project, prevailing on all claims. The bench trial, overseen by New York Supreme Court Justice Andrew Borrok, examined whether BML’s $1.5 billion losses resulted from overleveraged debt or ...
Baha Mar ruling stayed | News | thenassauguardian.com
Nov 5, 2024 · Baha Mar. China Construction America (CCA) was yesterday granted an emergency interim stay on a $1.6 billion judgment against it, which was handed down last month by a New York judge who made the award to Sarkis Izmirlian’s BML Properties Limited after finding that CCA committed fraudulent acts which ultimately pushed BML out of its Baha Mar ...
Baha Mar trial draws to a close - thenassauguardian.com
Aug 19, 2024 · As the bench trial over Baha Mar drew to a close Thursday, the attorney for Sarkis Izmerlian and his BML Properties Ltd. contended that China Construction America (CCA) used BML’s bankruptcy proceedings to push forward its own …
Baha Mar’s Chinese contractor seeks to exclude ... - Eye Witness News
Jun 14, 2024 · NASSAU, BAHAMAS — Baha Mar’s Chinese contractor is seeking to prevent the Cable Beach mega resort’s original developer, Sarkis Izmirlian, from presenting damages evidence for his $830 million investment recovery, just weeks ahead of the fraud trial.
Nassau hotels pledged as security to stay $1.6B Baha Mar judgment
6 days ago · NASSAU, BAHAMAS – CCA Construction, Inc., CCA Bahamas Ltd., and CSCEC Bahamas, Ltd. have agreed to conditions for a stay of a $1.6 billion judgment proposed by Baha Mar’s original developer, Sarkis Izmirlian. The agreement includes pledging two Nassau hotels, recently appraised at between $232.7 million and $355.1 million, as security.
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