One of Donald Trumps business partners is embroiled in a dispute that has become so bitter it could result in a key part of his commercial empire being liquidated.
Alex Shnaider, the developer of the Trump Tower in Toronto, made his fortune in the Ukrainian steel industry with his long-time business partner Eduard Shifrin.
Their substantial assets were controlled by a company called Midland Resources Holding Limited, based in Guernsey. However, Mr Shifrin has filed papers with the Royal Court of Guernsey seeking to enforce liquidation of Midland Resources. The papers were referred to in open court during an application hearing.
Mr Shyfrins advocate states in the liquidation papers: The relations…
Read the full article at: http://dispatchweekly.com/2016/10/alex-shnaider-faces-another-fight-partner-seeks-liquidation-midland-resources/