Region: Cayman Islands

Cayman courts can enforce provisional awards

A Cayman court has confirmed for the first time that foreign interim awards made in a New York Convention state can be enforced in the same way as final awards.

13 February 2023

Privy Council upholds Cayman enforcement decision

The UK Privy Council has upheld the enforcement of a Brazilian airline’s US$55 million ICC award in the Cayman Islands even though the arbitrators decided the case on the basis of a legal concept not pleaded by the parties.

19 May 2022

Enforcing awards in the Cayman Islands

With the Cayman Islands’ status as an international financial centre making it a common focus of enforcement efforts, Katie Pearson and Rhiannon Zanetic at Harneys discuss the process for enforcing awards in the territory, interim remedies and some important recent case law.

31 January 2022

Swiss funder backs HKIAC claim against crypto exchange

A recently launched Swiss disputes funder is backing a “landmark” HKIAC claim that a group of traders are preparing against cryptocurrency exchange Binance for losses they incurred when its platform crashed.

19 August 2021

Brazilian airline’s award debtor seeks bankruptcy protection

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

Cayman Islands court rules on request to aid enforcement

In a judgment dealing with an important issue of principle for offshore jurisdictions, the Court of Appeal of the Cayman Islands has said that Indian conglomerate Essar must provide steelmaker ArcelorMittal USA with information and documents relating to the assets of one of its companies to assist enforcement of an ICC award.

11 May 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

Albania award creditor wound up at funder’s request

An Australian disputes funder that financed an ICC claim against Albania has obtained a Cayman winding-up order against the claimant after the proceeds of the award were seized by an Albanian bailiff.

09 March 2021

Funder chases client after Albanian bailiff seizes ICC award

The Australian disputes funder behind a Cayman oil company’s ICC claim against Albania has applied to wind up the claimant after the proceeds of the arbitration award were sequestered by a bailiff in Tirana.

04 February 2021

Brazilian airline’s award enforced in Cayman Islands

The Court of Appeal of the Cayman Islands has enforced a Brazilian airline’s US$55 million ICC award against two private equity funds, ruling that the arbitrators were entitled to decide the case on a legal ground not pleaded by the parties.

19 August 2020

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