Topic: Attachments and freezing orders
Laos denied injunction in pursuit of “alter egos”
A federal court in Idaho has refused to grant Laos a preliminary injunction as it targets the assets of a US businessman behind two unsuccessful investment treaty claims.
28 July 2021
Caribbean appeal court can’t grant interim relief against Pakistan
The Eastern Caribbean Court of Appeal has ruled it has no power to grant injunctive relief against Pakistan at the request of an ICSID creditor when a lower court’s finding that the state enjoys immunity has not been set aside.
15 July 2021
Belgian appeal court upholds Kazakh asset freeze
The Brussels Court of Appeal has upheld an attachment over US$542 million worth of Kazakh state assets obtained by Moldovan investors seeking to enforce an Energy Charter Treaty award.
09 July 2021
Cairn freezes Indian property in Paris
Scotland’s Cairn Energy says it has frozen more than €20 million worth of Parisian properties owned by India as it seeks to enforce an investment treaty award worth more than US$1.7 billion.
08 July 2021
Sberbank escapes conspiracy claims in London
The Commercial Court in London has refused to hear conspiracy claims worth US$300 million against Russia’s largest bank – a dispute over an insolvent refinery that has also given rise to an LCIA arbitration.
08 July 2021
More BIT award creditors target Indian airline
A month after Scotland’s Cairn Energy applied to use assets of India’s national airline to satisfy a billion-dollar investment treaty award, Mauritian shareholders in a telecoms company have launched a similar action to collect on an award against the state worth over US$111 million.
29 June 2021
BVI court unfreezes Pakistani airline assets
A court in the British Virgin Islands has lifted attachments obtained by an ICSID creditor against US$3.1 billion worth of assets belonging to Pakistan’s national airline, including interests in two hotels in New York and Paris.
26 May 2021
Tanzania pays treaty award to avoid aircraft seizure
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
Chinese group enforces against aircraft venture partner
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
Lebanese creditor seizes Congo oil revenues
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
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