LCIA claim against Azerbaijani bank allowed with conditions
Baku, Azerbaijan (Credit: istockphoto)
An English court has said it will allow a group of hedge funds to pursue an LCIA claim against a restructured bank in Azerbaijan, provided they devise “appropriate undertakings” to ensure the arbitration won’t render futile a pending appeal in which the bank seeks a permanent stay of actions by its creditors in England and Wales.
To read more
Subscribe to Global Arbitration Review
Subscribe to unlock unlimited access
Get news, unique commentary, expert analysis and essential resources from the Global Arbitration Review experts.
Subscribe now