$33.5M Winner Fee Approved In $5.8B Chancery Hotel Ruling

Law360 (January 12, 2021, 8:59 PM EST) -- The losing side in a tangled Delaware Chancery Court battle over a China-based company's collapsed, $5.8 billion sale of 15 upscale hotels to a Korea-based investment company has agreed not to contest a $33.5 million fee, expense and cost claim for the winning side's attorneys.

Still in dispute, however, is a motion by an affiliate of the seller, China's Dajia Insurance Group, for a stay of awards pending a state Supreme Court appeal of Vice Chancellor J. Travis Laster's ruling that Dajia had breached the deal and was obliged to hand back to the proposed buyer a more than $581 million...

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