The arbitration panel found that Four Seasons did not breach the Management Agreement or its fiduciary duties to BRCP.
As an express condition of the termination ordered by that majority of the panel, BRCP has paid to Four Seasons the compensation ordered by the panel majority for the termination of the Hotel Management Agreement.
The arbitral decision and award is otherwise confidential and non-public and BRCP and Four Seasons therefore will not comment further.
Quinones-Mateu added that "treatment monitoring and vaccine development involving these viral diseases represent a multibillion dollar market opportunity, and this BRCP award cements Ohio's economic investment and commercialization role in it.
The funding from the BRCP grant will help us achieve that goal with greater speed.
Through our long-term partnership with Case Western Reserve University, we have begun this effort, and the BRCP award will greatly enhance our ability to accomplish this goal in an accelerated fashion," Scholl added.