Pursuits
Battle for Aman Luxury Resorts Spills Over Into New York
- Bankruptcy lawsuit seeks to rescind sale involving 27 resorts
- London court settled ownership dispute day before NYC filing
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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 involving two former business partners -- American entrepreneur Omar Amanat and Russian-born real estate developer Vladislav Doronin.
British Virgin Islands-based Aman Resorts Group Ltd., or ARGL, filed a lawsuit in New York blaming Doronin for gutting its sole asset -- namely, the holding company that owns Aman Resorts and related intellectual property -- through a wrongful foreclosure action. The case, filed Wednesday, came after ARGL agreed to be put into bankruptcy protection in the U.S.