Baha Mar’s original developer Sarkis Izmirlian.
Tribune Business Editor
Baha Mar's original developer was yesterday celebrating a major legal victory after a New York court upheld his $2.25bn fraud and breach of contract claim against the project's contractor.
Sarkis Izmirlian and his BML Properties vehicle successfully persuaded the New York State Supreme Court to reject China Construction America's (CCA) bid to both dismiss the fraud claim and have the case sent to arbitration.
Justice Saliann Scarpulla's ruling forces CCA to now file a formal defence to the Lyford Cay resident's allegations by February 13, 2019, while keeping the dispute before the court and thus in the public domain. Read more >>