CCA: $1.6bn Baha Mar ruling ‘not the last word’ | The Tribune
Nov 19, 2024 · Sarkis Izmirlian and Baha Mar’s contractor traded further blows yesterday with the latter asserting the $1.6bn verdict against it “is by no means the last word” as it formally filed notice of...
The Baha Mar saga and Izmirlian’s triumph in New York Court …
Oct 22, 2024 · A landmark ruling in a New York State Supreme Court, awarded a whopping $1.6 billion to Sarkis Izmirlian, the original developer of the Baha Mar resort in the Bahamas after nearly seven years of wrangling with China Construction America’s (CCA), alleging fraud and breaches in a completion date that caused him to file Chapter 11…
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 ...
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...
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...
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.
Baha Mar ruling stayed | News | thenassauguardian.com
Nov 5, 2024 · CCA said the stay was needed otherwise the company would become insolvent if it was to have to satisfy the judgment, which it said threatens the continued operation of two hotels – the British Colonial and Margaritaville – it owns in The Bahamas.
Nassau hotels pledged as security to stay $1.6B Baha Mar judgment
Nov 18, 2024 · 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 mil
Baha Mar begins Melia demolition, making way for new project
Jul 27, 2023 · Baha Mar has begun the staged demolition of its Melia Nassau Beach hotel, with the hope of eventually creating a new project in its footprint, a statement sent to Guardian Business explained. According to the statement, the demolition could be completed by late summer or early fall.
$350m deal for Baha Mar | News | thenassauguardian.com
Sep 19, 2024 · The government of The Bahamas signed a heads of agreement (HOA) yesterday with Baha Mar for the development of a new 350- room resort.