A London developer is denying claims from a Boston hedge fund that it reneged on a deal over the joint acquisition of a part of the capital's Royal Albert Dock.
The dispute between London-based DPK Management and the US hedge fund, Baupost Group, centres on a deal involving the Royal Albert Dock in east London, which was previously owned by China’s ABP Group. Despite receiving backing in 2015 from Chinese President Xi Jinping and then British PM David Cameron, the project turned into a ghost town and ultimately collapsed into insolvency last year.
