LCIA claim against Azerbaijani bank allowed with conditions
Baku, Azerbaijan (Credit: istockphoto)
An English court has said it will allow a group of hedge funds to pursue an LCIA claim against a restructured bank in Azerbaijan, provided they devise “appropriate undertakings” to ensure the arbitration won’t render futile a pending appeal in which the bank seeks a permanent stay of actions by its creditors in England and Wales.
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