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    Articles Canada Cayman Islands Featured Investment USAApril 12, 2012

    Ritz-Carlton, Grand Cayman project ‘owes me many millions of dollars’, says developer Michael Ryan

    mm
    By
    12 years ago

    Topics

    Canada Cayman Islands Investment USA

    Keywords

    Five Mile Capital Partners Michael Ryan RC Cayman Holdings LLC Ritz-Carlton

    Highlights

    • Receivership came as "complete surprise", says Ryan
    • "Both me and my companies are owed sums totaling many millions of dollars by the companies in receivership"
    • "Lender's true goal is to try to embarrass me personally and ruin my reputation both here and abroad"
    • Lawsuits by lender will 'harm the image of the Cayman Islands'

    Related Content

    Ritz-Carlton, Grand Cayman developer Michael Ryan claims that he and companies he controls are owed “many millions of dollars” by firms that are now under the control of the project’s main lender, Delaware-domiciled RC Cayman Holdings LLC, which appears to be ultimately controlled by Connecticut-based Five Mile Capital Partners.

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