NEWS: Russian Real Estate Investor Doronin Sues Amanresorts Partner; Doronin Asks Court to Order Partner to Sell Share in Aman

17 July 2014
Wall Street Journal

The increasingly hostile dispute between partners of the luxury Amanresorts took a new twist on Wednesday, when Russian property mogul Vladislav Doronin asked a New York City court to force his co-owner to sell his share of the hotel company, according to court documents.

Mr. Doronin alleges that his partner, U.S. entrepreneur Omar Amanat, committed fraud when negotiating the partnership agreement last year. He is asking the court to compel Mr. Amanat to sell his stake in the company to Mr. Doronin at below-market value, according to Marc Kasowitz, Mr. Doronin’s attorney.

Mr. Doronin, founder of the Moscow-based real-estate development firm Capital Group and majority shareholder of Aman, announced in the spring that he was taking over as CEO and that Mr. Zecha stepped down.

Original article.

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