U.S. Bankruptcy Judge Christine M. Gravelle has approved a settlement between Chinese-owned construction firm CCA Inc. and Bahamian resort developer BML Properties Ltd. Lowenstein Sandler’s Bankruptcy & Restructuring Department represented CSCEC Holding Co. Inc., CCA’s direct parent company, in the successful mediation.
As reported in Law360, the agreement “will put an end to years of litigation over opening delays for Baha Mar, a luxury resort in Nassau, that BML alleged had cost it billions of dollars.”
CCA filed for Chapter 11 in New Jersey in December 2024 after a New York state court ordered it to pay $1.6 billion, representing the developer's $845 million investment in the project plus prejudgment interest.
Judge Gravelle ordered the parties in November 2025 to mediate the dispute.
The talks "resolved the better part of 10 years of fighting among the parties in one fell swoop, basically in one day with two very skilled mediators,” Lowenstein partner Andrew Behlmann told the Bankruptcy Court.
In addition to Behlmann, the Lowenstein team included Jeffrey Cohen, Michael A. Kaplan, Colleen M. Restel, and Rasmeet K. Chahil.
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Lowenstein Sandler is a national law firm with over 375 lawyers working from offices in New York, Palo Alto, Roseland, Washington, D.C., and Utah. The firm represents clients in virtually every sector, with particular strength in technology, life sciences, private equity, venture capital, investment management, and complex litigation. Lowenstein Sandler is known for industry-focused teams that combine sophisticated legal acumen with a practical, business-first approach to client service.
