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Tanzania has paid US$22 million to satisfy an UNCITRAL award after the Italian-owned creditors attempted to seize three aircraft purchased by the East African state following enforcement of the award in the Canadian courts.
30 April 2021
A Chinese financial services group has had an US$87 million HKIAC award confirmed in Missouri and is now eyeing enforcement in California against its US partner in a failed joint venture to resell used aircraft.
09 April 2021
A French court has confirmed that a Lebanese creditor seeking to enforce €1.4 billion worth of ICC awards against the Republic of the Congo can attach US$30 million in funds from the state’s national oil company.
24 March 2021
A judge in California has refused to allow the US Department of Justice to seize escrow funds held by Clyde & Co for an arbitration client that are allegedly linked to the 1MDB embezzlement scandal in Malaysia.
12 March 2021
Entities controlled by two Ukrainian oligarchs say they are bringing an ICSID claim against the United States in response to civil forfeiture actions targeting their assets.
09 February 2021
Pakistan has paid US$28.7 million to satisfy an award won by an Isle of Man entity that it hired nearly two decades ago to trace assets belonging to the country’s disgraced former prime minister Nawaz Sharif.
13 January 2021
The Dutch Supreme Court has set aside a decision upholding a US$5.2 billion attachment against Kazakhstan’s sovereign wealth fund over an Energy Charter Treaty award – while several US hedge funds with an interest in the award face renewed fraud allegations.
08 January 2021
A court in the British Virgin Islands has attached assets belonging to Pakistan’s national airline – including interests in two hotels in New York and Paris – at the request of an Australian mining venture seeking to enforce a US$6 billion ICSID award.
05 January 2021
France's top court has issued an important decision confirming the territoriality of enforcement proceedings begun in the country and refusing to revive an attachment of funds belonging to Panama's Canal Authority that was lifted more than three years ago.
18 December 2020
The International Court of Justice has affirmed that diplomatic immunity does not extend to a Paris mansion seized by French authorities in aid of a corruption case against the son of Equatorial Guinea’s president.
14 December 2020
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