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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
A London judge has granted an “unusual anti-suit injunction” blocking court proceedings brought by a company that had already filed for ICC arbitration in the United Arab Emirates, purportedly to preserve an asset-freeze.
30 November 2020
Guatemala has paid US$37.3 million to an ICSID creditor to lift an attachment on bond payments and avoid a sovereign default – though it has still to honour another award worth US$55 million rendered in the same dispute.
26 November 2020
A London court has lifted an injunction that prevented Clyde & Co from transferring US$340 million to its Saudi-owned client to comply with an UNCITRAL award – funds that US and Malaysian prosecutors allege can be traced to the 1MDB corruption scandal.
02 November 2020
A Dutch court has lifted an attachment on two Russian vodka trademarks obtained by the former majority shareholders of Yukos as they seek to collect on their US$50 billion Energy Charter Treaty awards – ruling that the assets are held by a state-owned company and not the state itself.
27 October 2020
A Dutch court has frozen assets controlled by the husband of embattled Angolan billionaire Isabel dos Santos in support of two arbitrations over a share purchase that is the subject of a criminal investigation for alleged money laundering and embezzlement.
22 September 2020
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