Laos Wants Idaho Businessman Held Liable For $3.7M Award
Law360 (April 22, 2020, 8:35 PM EDT) -- Laos urged an Idaho federal court on Tuesday to enforce arbitral awards totaling $3.7 million against the owner of a distressed lending business, Bridge Capital LLC, as the alter ego of two companies related to a soured casino venture.
Businessman John Baldwin is alleged to control Sanum Investments Ltd. and Lao Holdings NV, which were ordered to pay the country about $1.78 million and $1.9 million, respectively, in final arbitral awards issued last year. Laos said the court must "piece the corporate veil" and hold Baldwin and Bridge Capital liable for the awards.
Both tribunals found that Baldwin, an Idaho native and resident,...
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