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Baha Mar to sue China State Construction

Baha Mar Ltd the developer of the Baha Mar resort in Nassau, today commenced a claim in the English High Court against defendant China State Construction Engineering Corp asserting that, among other things, the defendant is liable in respect guarantee and performance obligations related to the construction of the project, and that Baha Mar Ltd is entitled to and claims against the defendant a variety of financial remedies. 

Source:
Date:
Updated:
BahMar Resorts
Tuesday, June 30, 2015
Tuesday, June 30, 2015

LONDON /PRNewswire/ — Baha Mar Ltd., the developer of the planned Baha Mar resort in Nassau, The Bahamas, today commenced a claim in the English High Court against defendant China State Construction Engineering Corporation Limited (“CSCEC Ltd”), the parent of China Construction America, Inc.(“CCA”) which, in turn, is the parent of CCA (Bahamas) Ltd. (” CCA Bahamas”).

The claim asserts that, among other things, the defendant is liable in respect guarantee and performance obligations related to the construction of the project, and that Baha Mar Ltd. is entitled to and claims against the defendant a variety of financial remedies.

Baha Mar Ltd. is represented by a team from Kobre & Kim (UK) LLP led by Andrew Stafford QC.

The governments of The Bahamas and Indonesia last week signed a tax information exchange agreement, bringing the total number of such agreements for The Bahamas to 33. Watch a news report here.

Prime Minister Perry Christie has issued a statement following the announcement by megaresort Baha Mar that it is filing for voluntary bankruptcy. Read the statement here.

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