Banyan Tree, the Singapore-based hotel management company, is locked in a dispute with Al Areen, the owner of its luxury resort in Bahrain, over claims it is owed more than US$1 million (Dh3.7m).The row is just the latest in a string of contentious ventures in the Gulf for Banyan Tree.
The company said it had filed a petition to wind up the Al Areen Desert Spa and Resorts Holding Company as Al Areen had an outstanding debt of $1,122,000. Full Story
