Topic: Attachments and freezing orders

UK crime agency won’t be joined to fight over 1MDB-linked funds

The High Court in London has dismissed an attempt to join the UK’s National Crime Agency (NCA) to litigation over the proceeds of an arbitral award that Malaysian authorities have linked to the 1MDB corruption scandal.

26 August 2020

Dutch court lifts freeze on Egyptian property

A Dutch court has lifted an attachment over an unoccupied property in The Hague that was frozen at the request of a Finnish businessman seeking to enforce an investment treaty award against Egypt, after the state said it planned to use the building as its ambassador’s residence once again.

13 July 2020

Egyptian property attached in the Netherlands

A former residence of the Egyptian ambassador in The Hague has been attached at the request of a Finnish businessman seeking to enforce a US$115 million investment treaty award.

27 April 2020

Steelmaker denied asset freeze in conspiracy suit

The English Commercial Court has refused to grant a worldwide freezing order against the Essar group and two of its owners, saying steelmaker ArcelorMittal had not shown a good arguable case that they conspired to frustrate enforcement of a US$1.5 billion ICC award.

31 March 2020

Glovemaker settles fraud claim in Singapore

A Malaysian rubber-glove manufacturer has agreed to settle a SIAC arbitration in which it claimed it was fraudulently induced into making a US$340 million acquisition, a dispute that also gave rise to litigation and asset freezes in Kuala Lumpur and Singapore.

05 March 2020

ICSID claimant fails to lift asset freeze in feud over Dubai islands deal

More details of a British businessman’s ICSID claim against the United Arab Emirates have come to light after an English court upheld a freezing order against his worldwide assets in a dispute over the purchase of land on a man-made archipelago.

18 November 2019

Naftogaz freezes Gazprom assets in “fraudulent conveyance” claim

A Dutch court has agreed to freeze shares in a Gazprom subsidiary while it hears claims by Ukraine’s Naftogaz that the Russian oil company fraudulently transferred those shares to evade payment of a US$2.56 billion SCC award.

28 October 2019

Indian power plant dispute settles after asset freeze

An Indian conglomerate has agreed to settle a US$100 million SIAC case over the construction of a power plant after the Korean-owned claimant obtained attachment orders from the courts of New York against its assets.

31 January 2019

Freeze on proceeds of SIAC claim upheld in Australia

A court in Western Australia has upheld a US$14 million freezing order against a Spanish-owned construction company that prevents it from disposing of the prospective proceeds of a SIAC arbitration against Samsung.

15 October 2018

Ukraine threatened over Russian asset freeze

A Russian state-owned bank has threatened to bring a bilateral investment treaty claim against Ukraine after its local assets were frozen at the behest of a group of Ukrainian creditors seeking to enforce a BIT award.

17 September 2018

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