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AB STABLE VIII LLC v. MAPS HOTELS AND RESORTS ONE LLC

C.A. No. 2020-0310-JTL.

AB STABLE VIII LLC, Plaintiff/Counterclaim-Defendant, v. MAPS HOTELS AND RESORTS ONE LLC, MIRAE ASSET CAPITAL CO., LTD., MIRAE ASSET DAEWOO CO., LTD., MIRAE ASSET GLOBAL INVESTMENTS, CO., LTD., and MIRAE ASSET LIFE INSURANCE CO., LTD., Defendants/Counterclaim-Plaintiffs.

Court of Chancery of Delaware.

Decided: November 30, 2020

Attorney(s) appearing for the Case

Raymond J. DiCamillo , Kevin M. Gallagher , Sara A. Clark , John M. O'Toole , RICHARDS LAYTON & FINGER, P.A., Wilmington, Delaware; Adam H. Offenhartz , Marshall R. King , Shireen A. Barday , Nathan C. Strauss , GIBSON, DUNN & CRUTCHER LLP, New York, New York; Tyler A. Amass , GIBSON, DUNN & CRUTCHER LLP, Denver, Colorado; Attorneys for Plaintiff and Counterclaim Defendant AB Stable VIII LLC.

A. Thompson Bayliss , Michael A. Barlow , Stephen C. Childs , ABRAMS & BAYLISS LLP, Wilmington, Delaware; Michael B. Carlinsky , Andrew J. Rossman , Christopher D. Kercher , Rollo C. Baker IV , QUINN EMANUEL URQUHART & SULLIVAN, LLP, New York, New York; Kap-You Kim , PETER & KIM ATTORNEYS AT LAW, Seoul, South Korea; Attorneys for Defendants and Counterclaim Plaintiffs Maps Hotels and Resorts One LLC, Mirae Asset Capital Co., Ltd., Mirae Asset Daewoo Co., Ltd., Mirae Asset Global Investments, Co., Ltd., and Mirae Asset Life Insurance Co., Ltd.

MEMORANDUM OPINION

AB Stable VIII LLC ("Seller") is an indirect subsidiary of Dajia Insurance Group, Ltd. ("Dajia"), a corporation organized under the law of the People's Republic of China. Dajia is the successor to Anbang Insurance Group., Ltd. ("Anbang"), which was also a corporation organized under the law of the People...

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