Asset Manager Escapes Bulk Of €32M Suit Over Soured Deal

Law360, London (September 20, 2019, 7:39 PM BST) -- The owner of a Caribbean luxury hotel development won €5.7 million ($6.2 million) against Duet Group on Friday, but the judge rejected the remainder of the €32 million claim and allowed the asset manager to recoup the sums from a company now owned by the hotelier.

In a 64-page ruling, Judge David Waksman said that although Barthelemy Holdings LLC has succeeded in its suit against Duet Group Ltd. over liability for the ballooning costs of the hotel on St. Barts, the company can't recover money for the majority of items in its claim.

He also ruled that Duet Group will be...

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