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Following two years of arbitration proceedings in Florida after the forceful takeover of The Setai Miami by its owner, Lehman Brothers, in the pre-dawn hours of March 31, 2012, the ICC International C Following two years of arbitration proceedings in Florida after the forceful takeover of The Setai Miami by its owner, Lehman Brothers, in the pre-dawn hours of March 31, 2012, the ICC International Court of Arbitration ruled yesterday that all previous allegations of mismanagement were baseless and have awarded damages to General Hotel Management (GHM) for improper termination of GHM’s hotel management agreement. In its findings, the Tribunal concluded that GHM complied with the contract in all respects and chided the owner’s attempts to find excuses to terminate the management agreement.

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