Sarkis Izmirlian lands first legal punch in Baha Mar fraud suit
New York Supreme Court dismisses bid by Baha Mar's Chinese construction firm to keep Sarkis Izmirlian fraud lawsuit out of public eye.
Izmirlian files $2.25b fraud suit v. Baha Mar’s Chinese contractor
Sarkis Izmirlian, the deposed original developer of the $4.2b Baha Mar integrated resort in the Bahamas, files $2.25b fraud lawsuit v. Chinese contractor.
Ex-developer threatens legal action to halt Baha Mar sale
BMD Holdings Ltd. is asking the government of Bahamas to impose a moratorium on the final sale of the casino resort to Chow Tai Fook Enterprises (CTFE).
Baha Mar’s original developer calls project’s Chinese bankers liars
Baha Mar's original developer Sarkis Izmirlian asks China's EXIM Bank to sell him back the project while simultaneously calling them liars.
Baha Mar buyer turns out to be holding company owned by main creditor
The buyer of the Baha Mar resort in the Bahamas turns out to be special purpose vehicle of the project's main creditor, China's EXIM bank.
Chinese bank forecloses on Baha Mar, pushing Sarkis Izmirlian to the sidelines
Export-Import Bank of China convinces court to appoint receiver for $3.5b Baha Mar project, leaving developer Sarkis Izmirlian on sidelines.
Baha Mar may not open for another year; Izmirlian told to “do what is necessary”
Liquidation of the troubled $3.5b Baha Mar resort casino project in the Bahamas pushed back three weeks in order to keep parties talking.
Troubled Baha Mar project lays off 2,000 workers as stakeholder talks go nowhere
Stalled $3.5b Baha Mar resort casino project in the Bahamas lays off 2,000 staff as talks between developer, backer and contractor continue.
Stalled Baha Mar casino project offered new hope as contractor returns
The stalled $3.5b Baha Mar resort casino project gets new hope after contractor return to work site for first time since work was halted.
Baha Mar restructuring plan gives finger to Chinese contractor
Baha Mar Ltd files restructuring plan with Delaware bankruptcy court, seeking to void contract with (and all claims by) Chinese contractor.
