Mr. Sterling Successfully Concludes Decade-long Hotel Litigation

Tom Sterling successfully resolved a 10 year long construction matter in which he represented a performance and payment surety. The bonded principal was declared in default on a hotel renovation project. The surety, with the advice of the firm, took over and completed the project. The surety also settled and paid substantial payment claims from subcontractors and suppliers.

The project owner then brought suit against the surety for $3 million alleging defective work and delay. The surety counterclaimed seeking a quantum meruit recovery for the completion costs.

After the matter was referred to arbitration, the surety recovered a $4.4 million Award on its quantum meruit claim, together with its fees, and costs. The Arbitration Award was confirmed after 2 appeals and 2 remands.

The surety ultimately recovered $5.6 million representing its subrogation recovery, attorney’s fees, expert fees, and prejudgment interest.

Blair Sterling Johnson & Martinez provides commercial and litigation representation, business advice, and legal counsel in Guam, the Commonwealth of the Northern Mariana Islands, the Republic of Palau, and the Federated States of Micronesia.

BSJ&M Advises Pension Fund in Multijurisdiction Investment

Working with the Hong Kong office of a major international law firm, Bill Blair and Jehan'Ad Martinez recently advised a Canadian-based employees’ pension fund in connection with its acquisition of a minority shareholder interest in a holding company that wholly owns operating subsidiaries in several international jurisdictions, including Guam, the Commonwealth of the Northern Mariana Islands and the Republic of Palau.

The acquisition cost for the equity interest was in the low nine figures (in US dollars).

Blair Sterling Johnson & Martinez provides commercial and litigation representation, business advice, and legal counsel in Guam, the Commonwealth of the Northern Mariana Islands, the Republic of Palau, and the Federated States of Micronesia.

Mr. Martinez Speaks About Board Governance with the Guam Young Professionals

Jehan’Ad Martinez presented “I’m on the Board of Directors, what do I need to know?” to the Guam Young Professionals committee of the Guam Chamber of Commerce, as part of the organization’s “At the Table” series of lectures. Mr. Martinez’ discussions focused on duties and liabilities of corporate boards of directors.