Topic: Insolvency

A Shanghai business school has failed to secure a winding-up order against its academic resource publisher, after a Hong Kong court stayed its petition pending an HKIAC arbitration.

25 November 2021

Sir David Richards has joined One Essex Court in London as an arbitrator after stepping down as a full-time judge of the Court of Appeal of England and Wales.

12 November 2021

A newly published UK bill aims to establish a binding arbitration process for commercial landlords and tenants who fail to reach an agreement on rent arrears caused by coronavirus.

11 November 2021

A Dutch energy company owned by embattled Angolan billionaire Isabel dos Santos has been placed into bankruptcy by a court in the Netherlands, in the wake of an arbitral tribunal’s finding that it acquired assets worth €650 million through “grand corruption”.

23 September 2021

An ICSID tribunal has ruled that an insolvency administrator can represent a Latvian bank in an arbitration against the Baltic state – but that an ancillary claim over whether his appointment was itself a treaty breach should be argued by the bank’s former directors.

20 September 2021

A Singapore court has ruled that funding provided by Omni Bridgeway to help a struggling commodity trader pursue an arbitration in Hong Kong should be granted super-priority status in the context of the trader’s debt restructuring.

03 September 2021

Luxembourg-based steelmaker ArcelorMittal has filed a new suit in a New York federal court to unwind allegedly fraudulent transfers made by Indian conglomerate Essar to avoid enforcement of a US$1.4 billion ICC award.

20 August 2021

A Hong Kong court has enforced a Lebanese steel trader’s LCIA award against a Chinese state-owned entity that was found to have used “guerrilla tactics” in the arbitration after its parent company went bankrupt.

17 August 2021

The administrators of an insolvent Emirati healthcare group have agreed to a London arbitration to resolve disputes over insurance receivables that a Dubai bank has claimed as security for an Islamic finance deal.

21 July 2021

A group of distressed investment funds have sought bankruptcy protection in New York to prevent a Brazilian airline from enforcing a decade-old ICC award worth US$60 million against their assets.

09 July 2021