November 25, 2022
Baha Mar's original developer Sarkis Izmirlian.
Stories this photo appears in:
Sarkis vindicated in settlement with CCA
Sarkis Izmirlian’s deal to settle his multi-billion damages award against Baha Mar’s main contractor will end the threatened winding-up of two other major Nassau resorts, it was revealed yesterday.
Sarkis and CCA ordered into mediation on $1.8bn damages
Baha Mar’s contractor and Sarkis Izmirlian have been ordered to “make a good faith attempt” to resolve the latter’s bid to collect on his now-$1.8bn damages award via mediation that will also involve the entity that owns two Nassau hotels.
Sarkis fight for proof of British Colonial wind-up
Baha Mar's contractor is fighting Sarkis Izmirlian's attempt to use a report filed with the New Jersey bankruptcy court in his Bahamian legal bid to wind-up its two Nassau-based resorts.
Sarkis loses bid to block CCA’s latest $1.7bn challenge
Sarkis Izmirlian’s bid to block a fresh appeal of his $1.7bn damages award by China Construction America (CCA) has been rejected by a US court despite assertions it has just a 4 percent chance of proceeding.
Sarkis: CCA booked $96m debt as ‘country club memberships’
Sarkis Izmirlian is alleging that the US unit of Baha Mar’s contractor booked $96m in debt owed to subsidiaries and affiliates “under a line item for country club memberships”.
Sarkis blasts CCA as ‘fraudulently managed’
Sarkis Izmirlian yesterday blasted Baha Mar’s contractor as “a company fraudulently managed by bad actors” while slamming the bankruptcy protection filing by its US arm as a bid to “evade responsibility for its actions”.
‘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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