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Involuntary Bankruptcy Against Aman Resorts’ Ex-Owner Dismissed

Submitted by jhartgen@abi.org on

A bankruptcy judge on Monday dismissed the involuntary chapter 11 filing against Aman Resorts Group Ltd., the former owner of a lavish hotel chain favored by celebrities, Dow Jones Newswires reported today. Bankruptcy Judge Shelley Chapman yesterday granted the now-defunct shell company's request to dismiss the case. However, the judge was quick to add that she wanted a federal bankruptcy watchdog to work with all the lawyers involved "to get to the bottom" of the perplexing filing. In 2014, Russian billionaire Vladislav Doronin and U.S. venture capitalist Omar Amanat teamed up to buy Aman Resorts, the operator of some of the most exclusive hotels around the world with high-profile guests that have included Mick Jagger, David Bowie, Princess Diana and David Beckham. Soon after the acquisition, the relationship between the two business partners soured, with Mr. Amanat claiming Doronin illegally seized his shares and transferred them to another company. Doronin, however, says the shares were properly transferred as part of a restructuring of the hotel chain that left him with full control. A judge in London agreed earlier this month, and Doronin said that Aman Resorts Group Ltd. was simply an empty shell with no assets and with no connection to the hotel chain, now operating as Aman Hotel Co.