Ritz-Carlton

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    George’s Bay Ltd.: Chapter 15 Petition

    Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Bermuda by Keiran Hutchison and Chris Maiato, both of Ernst & Young Ltd., as the Foreign Representatives of George's Bay Limited, at the U. S. Bankruptcy Court for the Southern District of New York.

    Lender & developer of Ritz-Carlton, Grand Cayman settle litigation

    Two lawsuits brought by the lender-turned-owner of The Ritz-Carlton, Grand Cayman against the property's developer, Michael Ryan, in 2012 have been settled. Both actions were dismissed by mutual consent at the Grand Court of the Cayman Islands on December 20, 2013.

    RC Cayman Holdings LLC et al v. Michael Ryan et al: Dismissal Order

    Consent Order of Dismissal in RC Cayman Holdings LLC Cesar Hotelco (Cayman) Ltd., Cesar Properties Ltd., Condoco Grand Cayman Resort Ltd., Condoco Properties Ltd., and Endless Service Ltd. v. Michael Ryan, Orion Developers Ltd., Deckhouses Construction Company Ltd., I.R.R. Limited, Endless Service Management Ltd., and BlueTip Watersports Ltd.,  at the Grand Court of the Cayman Islands.

    Ritz-Carlton, Grand Cayman’s balance sheet shows insolvency of $340 m, court told

    The Ritz-Carlton, Grand Cayman development appears to be insolvent by at least US$340 million, developer Michael Ryan and one of his many firms took out more than US$44 million from 2005 to 2012 in circumstances that are under investigation, and the "best hope" for unsecured creditors is a dividend of 2.5 cents on the dollar, according to information in a court ruling issued yesterday.

    Cesar Hotelco (Cayman) Ltd. et al v. Michael Ryan et al: Ruling on Indemnity & Security for Costs

    Ruling on Indemnity & Security for Costs in Cesar Hotelco (Cayman) Ltd., Cesar Properties Ltd., Condoco Grand Cayman Resort Ltd., Condoco Properties Ltd., and Endless Service Ltd. v. Michael Ryan, Orion Developers Ltd., Deckhouses Construction Company Ltd., I.R.R. Ltd., Endless Services Management Ltd., and BlueTip Watersports Ltd. at the Grand Court of the Cayman Islands.

    Thomas Engibous et al v. Condoco Grand Cayman Resort Ltd. et al: Originating Summons

    Originating Summons in Thomas Engibous, E.R.N. Company, Toby Demicco, BST GC PIP, LLC, CMH Properties Ltd., BST GC Residence, LLC, Marsha Ltd., Fred Eshelman, Kirk Roney, BWI Residential Ltd., MJDBJD Limited, and Probst Cayman Holdings LLC v. Condoco Grand Cayman Resort Ltd. (In Receivership) and The Proprietors, Strata Plan No. 436 at the Grand Court of the Cayman Islands.

    David Maines et al v. Condoco Grand Cayman Resort Ltd. et al: Originating Summons

    Originating Summons in David Maines, William Maines, Diana Marie Sykes, Gerald Sykes, Alan Cummings, Rita Cummings, Scot Foith, Paula Foith, Edwin B. Lyon, Carla F. Lyon, Guy Northridge, Vanessa H. Northridge, Martin Deitchman, Skyco Ltd., Paradise Investment Group, and TNL Condo Leasing v. Condoco Grand Cayman Resort Ltd. (In Receivership) and The Proprietors, Strata Plan No. 437 at the Grand Court of the Cayman Islands.

    Thomas Engibous et al v. Cesar Hotelco (Cayman) Ltd. et al: Originating Summons

    Originating Summons in Thomas Engibous, David Maines, Diana Marie Sykes, Gerald Sykes, E.R.N. Company, Toby Demicco, BST GC PIP, LLC, CMH Properties Ltd., BST GC Residence, LLC, Marsha Ltd., Fred Eshelman, Kirk Roney, BWI Residential Ltd., MJDBJD Limited, Probst Cayman Holdings LLC, William Maines, Alan Cummings, Rita Cummings, Scot Foith, Paula Foith, Edwin B. Lyon, Carla F. Lyon, Guy Northridge, Vanessa H. Northridge, Martin Deitchman, Skyco Ltd., Paradise Investment Group, and TNL Condo Leasing v. The Proprietors, Strata Plan No. 404, Cesar Hotelco (Cayman) Ltd. (In Receivership), Condoco Grand Cayman Resort Ltd. (In Receivership), Villasco Grand Cayman Resort Ltd., and Cesar Properties Ltd. (In Receivership) at the Grand Court of the Cayman Islands.

    Receivers appointed for The Ritz-Carlton, Grand Cayman

    The Ritz-Carlton Grand Cayman luxury hotel and residences development in the Cayman Islands was placed into receivership today by Delaware-domiciled RC Cayman Holdings LLC, which is the owner of a $250 million loan.