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Sunday, September 15, 2024
Home NewsDACHGermany Lawsuits Against Developer Michael Shvo Ensnare His German Partners

Lawsuits Against Developer Michael Shvo Ensnare His German Partners

by admin


After a felony conviction for tax fraud threatened to derail his career, real estate developer Michael Shvo plotted an unlikely comeback in recent years by teaming with wealthy European investors and top-tier luxury brands.

Those partners have now found themselves ensnared in legal disputes involving Shvo’s creaking real estate empire.

On Monday, a buyer at a Mandarin Oriental-branded condo developed by Shvo on Fifth Avenue in Manhattan filed a civil lawsuit in New York state court against the developer, along with 15 entities and parties…



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