Following a High court settlement in London, Russian businessman Vladislav Doronin has been vindicated in his legal fight for control of luxury resort group Aman.
It concludes the long-running dispute between former business partners Doronin and Omar Amanat.
Mr Doronin remains in full executive control of Aman and under the terms of the settlement Amanat’s vehicle ‘Peak Hotels & Resorts Limited’ (PHRL) agrees to withdraw all allegations made against Doronin.
In addition PHRL, which recently went into involuntary liquidation, will pay £12 million in respect of the legal costs of Doronin and those of fellow director Johan Eliasch.
"I am delighted that my position has been fully vindicated in this settlement. I was always sure of this outcome and it is great news that the truth has prevailed. This was a long process and the claims brought by PHRL should never have been started," Doronin said in a statement.
"I am excited at being able to continue what I started: building this business, one of the most fantastic brands in the world, without any further distraction"
"During my time at Aman as chairman, I have restructured the company with new top management and invested capital into existing properties as well as bringing new projects to fruition including opening four new hotels – Aman Tokyo, the first urban Aman hotel, Amandayan, Amanera, Amanemu and the expedition vessel Amandira."
Amanat no longer has an association with Aman, which is now under the ownership of holding company AHOverseas Ltd.
Established in 1988, Aman features 30 luxury resorts, hotels, and private residences in 20 countries.
