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Bahamas firm seeks to enforce €5M arbitration award against Miami-based 777 Partners

Miami-based investment group 777 Partners is being sued again, this time by a Bahamas investment firm - Heritage Travel and Tourism Ltd. - that is seeking to enforce a €5 million partial arbitration award regarding 777's uncompleted purchase of a minority stake in Dutch luxury fashion holding company La Perla Fashion Holding N.V. for €60 million.

Heritage Travel and Tourism Ltd. v. 777 Partners LLC: Petition to Enforce Foreign Partial Arbitral Award (€5M)

Petition to Recognize and Enforce €5 million Foreign Partial Arbitral Award regarding the proposed sale of "Heritage’s minority stake in La Perla Fashion Holding for a total consideration of €60,030,000, which included a non-refundable deposit of €5,000,000" in Heritage Travel and Tourism Ltd., of the Bahamas v. 777 Partners LLC at the U.S. District Court for the Southern District of Florida.