Wednesday, 14 March 2018

Viceroy vows to keep fighting Dubai’s Five Holdings after US court decision - The National

Viceroy vows to keep fighting Dubai’s Five Holdings after US court decision - The National:

"A Los Angeles court threw out claims by affiliates of Dubai hotel operator Five Holdings that US-based Viceroy Hotel Group “mismanaged” a luxury hotel on Dubai’s Palm Jumeirah island, a statement from Viceroy said on Wednesday.

“We are pleased that the Los Angeles Superior Court held that this lawsuit has absolutely no merit,” a spokesman for Viceroy said, adding that the hotel group would continue to pursue its own claims against Five Holdings in the US court, which include fraud, extortion and unfair business practices.

The decision is the latest development in a complex management dispute between Viceroy Hotel Group and Five Holdings, a real estate company led by Dubai-based Indian millionaire Kabir Mulchandani."



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