A Panamanian court on Monday evicted the Trump management team from the Trump Ocean Club International Hotel and Tower in Panama City, in an apparent victory for the hotel's majority owner, who has fought to regain control of the property.
A few hours after a worker removed the Trump name from the property, the Trump Organization said in a statement that a Panamanian court had ordered the appointment of a temporary third-party administrator to manage the hotel, adding that it believes no final legal determination has been made.
The Trump Organization also said it was "fully confident" it would ultimately prevail in the legal battle.
The bitter dispute surrounding the Trump-branded hotel has shone a fresh light on the business dealings of the U.S. president across the world. Various Trump-branded properties have dropped the name since the president took office last year.
Earlier on Monday, Orestes Fintiklis, the owner of the hotel in Panama who has been fighting a legal battle to oust the Trump Organization's hotel management team, said a court had ended the fight.
Source :- abcnews
A few hours after a worker removed the Trump name from the property, the Trump Organization said in a statement that a Panamanian court had ordered the appointment of a temporary third-party administrator to manage the hotel, adding that it believes no final legal determination has been made.
The Trump Organization also said it was "fully confident" it would ultimately prevail in the legal battle.
The bitter dispute surrounding the Trump-branded hotel has shone a fresh light on the business dealings of the U.S. president across the world. Various Trump-branded properties have dropped the name since the president took office last year.
Earlier on Monday, Orestes Fintiklis, the owner of the hotel in Panama who has been fighting a legal battle to oust the Trump Organization's hotel management team, said a court had ended the fight.
Source :- abcnews
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