John Sisk & Son has reached an out of court settlement with Shangri-La on their dispute over delays to the chain’s five-star hotel in the Shard.
The Hong Kong-based luxury hotel chain put in a High Court claim against the contractor in June, worth £57m according to the Evening Standard.
The Irish contractor launched a counter-claim later in the summer, but the matter has now been settled.
In a joint statement, the two companies said: “John Sisk & Son and Shangri-La Hotels wish to confirm that they have reached an amicable settlement to the claims and counter-claims recently issued in the Technology and Construction Court in London relating to the Shangri-La Hotel at The Shard.”
Shangri-La appointed John Sisk to fit out the 202-room hotel at the Shard in 2013 but the firm was taken off the job following a series of delays.
The hotel was finally opened in 2014.