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  5. 960 F.Supp. 931 (1997)
 

GOVERNMENT GUAR. FUND OF FINLAND v. HYATT CORP.

Civil No. 1995-49.

960 F.Supp. 931 (1997)

GOVERNMENT GUARANTEE FUND OF THE REPUBLIC OF FINLAND, Saastopankkien Keskus-Osake-Pankki (Skopbank), 35 Acres Associates, 12 Acres Associates and Benefori Oy, Plaintiffs, v. HYATT CORPORATION, Defendant.

District Court, Virgin Islands, D. St. Thomas and St. John.

April 4, 1997.

Attorney(s) appearing for the Case

Warren B. Cole, Richard Hunter, Hunter, Colianni, Cole & Turner, St. Croix, U.S.V.I., Michael Baylson, Edward G. Biester, III, Duane, Morris & Heckscher, Philadelphia, PA, for plaintiffs.

John Zebedee, Hymes & Zebedee, St. Thomas, U.S.V.I., R. Eric Moore, St. Croix, U.S.V.I., James Renard, John Sopuch, Jamil Alibhai, Bickel & Brewer, Dallas, TX, for defendant.

MEMORANDUM

MOORE, Chief Judge.

A hearing was held on March 12, 1997 on the plaintiffs' motion for partial summary judgment on the defendant's remaining counterclaims for breach of contract. For the following reasons, plaintiffs' motion will be granted.

I. FACTUAL AND PROCEDURAL BACKGROUND

Hyatt Corporation ["Hyatt" or "defendant"] managed a resort on the island of St. John ["the hotel...

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