GHM Wins Arbitration Over The Chedi Chiang Mai

GHM has obtained in its favour, a ruling by the ICC International Court of Arbitration following arbitration proceedings spanning a 20-month period over GHM’s management of The Chedi Chiang Mai.

On 4 November 2013, Pacific Hotel Chiang Mai Co. Ltd., the owners of The Chedi Chiang Mai, terminated GHM as manager and operator of The Chedi Chiang Mai.

As a result of this action, GHM initiated arbitration proceedings against the owning company saying it was wrongfully terminated without reasonable notice.

In the arbitral proceedings before the ICC International Court of Arbitration, GHM countered that it had, in the course of managing The Chedi Chiang Mai from 2006 to 2013, more than adequately met and fulfilled the terms of its agreement with Pacific Hotel Chiang Mai Co. Ltd.. 

“With respect to The Chedi Chiang Mai, the favourable ruling by the tribunal clearly vindicates GHM and affirms our commitment to delivering excellent results with a team that demonstrates the highest level of integrity and management,” said GHM President Hans R. Jenni.