Legal battle ensure between Philippine typcoon, Razon and Global Gaming Philippines

Philippines billionaire Enrique Razon was sued in New York by a Global Gaming Philippines after it claims that the tycoon illegally terminated an agreement to operate a Manila casino and is hiding assets in the United States to avoid paying an arbitration award. This suit filed seeks to confirm a US$296.6 million arbitration award by a panel in Singapore against Razon over his withdrawal of rights to operate the Solaire Resort and Casino. Global Gaming stated that Razon solicited its services in 2011 to help develop the resort and then terminated the agreement six months after it opened in 2013. In addition, it alleges that Razon has avoided paying the arbitration award and taken actions to stop Global Gaming from collecting. To know more about the news regarding Enrique Razon’s charges, check out https://www.bloomberg.com/news/articles/2021-03-29/philippines-billionaire-razon-sued-for-ending-manila-casino-deal