Battle for Aman High-end Resorts Spills Over Into New york city

A battle over 27 of the world s most luxurious resorts spilled over into a Manhattan bankruptcy court the day after a U.K. court approved a settlement including 2 previous company partners– American entrepreneur Omar Amanat and Russian-born realty developer Vladislav Doronin.
British Virgin Islands-based Aman Resorts Group Ltd., or ARGL, submitted a lawsuit in New York blaming Doronin for gutting its sole possession– particularly, the holding company that owns Aman Resorts and associated intellectual property– through a wrongful repossession action. The case, filed Wednesday, followed ARGL agreed to be taken into bankruptcy defense in the United States
. The New York claim, submitted in bankruptcy court versus 2 firms controlled by Doronin, seeks to rescind the supposed sale and restore to ARGL any revenues or other possessions created by the hotel operations during the duration following the offer.
Doronin s group is pushing back.
The Aman Resorts Group Ltd. noted in the petition does not own or control the Aman hotel company and contrary to some media reports, has absolutely nothing whatsoever to do with Aman, the highly successful high-end hotel business, Doronin spokesperson Luke Chauveau stated in an e-mailed statement. We learn a lot from dallas bankruptcy lawyers. These procedures have no effect on the ownership of Aman.
William Baldiga, among the legal representatives who filed the Manhattan match on behalf of ARGL, didn t instantly return calls for comment on the disagreement.Aman Junkies.

Amanat and Doronin had actually initially been co-investors in the resorts, having formed a joint endeavor in 2014. A long-standing disagreement over the hotels magnified, even as the chain broadened to accommodate Aman Junkies, the name the company offers its most devoted visitors.
Control of the resorts was organized through layers of companies. According to Doronin, an ownership dispute was settled March 7 in the London court.
As an outcome of this settlement, Mr. Doronin continues to be in complete control of the high-end hotel group Aman, Chauveau stated. Amanat and his partners, who now have no interest in or connection with the Aman hotels business, are attempting to produce an interruption with the New York bankruptcy case, he said.Creditor Obligations.According the New York claim, Doronin s Pontwelly Holding Co. improperly foreclosed on Silverlink Resorts Ltd., a holding company for the hotels. After the foreclosure, Pontwelly moved its interest in Silverlink to Doronin s A.H. Overseas, according to the filing. ARGL, which had actually been produced to buy Silverlink from a previous owner, was entrusted $70 million in creditor commitments and no chance to pay, according to the claim.
Aman Resorts was established in 1988 by Indonesian hotelier Adrian Zecha, among the celebrations who petitioned to force ARGL into U.S. bankruptcy. The chain s Amanemu resort in Japan was noted as one of the 20 most expected hotel openings of 2016, Forbes reported in January. Created around hot springs, the hotel s 6,500-square-foot medspa has 2 personal onsen, or baths, and four treatment suites, according to the publication.

The case is Aman Resorts Group Ltd., 16-10517, U.S. Bankruptcy Court, Southern District of New York (Manhattan).
(An earlier version of this story was remedied to clarify the relationships among the business involved in the dispute.).

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