Region: Cayman Islands

The Privy Council in London has held that a Cayman court petition to wind up the operator of a billion-dollar Chinese convenience store business should be stayed because the matters at the heart of the petition fall within the scope of a Beijing-seated ICC arbitration clause.

21 September 2023

A Hong Kong court has upheld a jurisdictional challenge to an HKIAC award in favour of the daughter of a jailed Chinese pharmaceuticals executive – relying on new evidence that emerged through criminal proceedings over a market manipulation scheme.

31 August 2023

A Cayman court has restrained a Hong Kong-owned education company from enforcing share charges pending a CIETAC proceeding – the first time it has ruled on its standalone power to grant interim measures in aid of foreign arbitrations under the territory’s 2012 arbitration law.

11 August 2023

Australian disputes funder Omni Bridgeway has asked a US court to enforce an ICC award worth nearly US$15 million against Albania and its national oil company.

26 July 2023

Kuwait’s Agility and France’s Orange have won a Cayman freezing injunction against a prominent Iraqi businessman and military commander in aid of efforts to enforce a US$1.6 billion ICC award.

22 June 2023

The Grand Court of the Cayman Islands has considered for the first time whether a defendant that seeks interlocutory injunctive relief from the court after applying to stay Cayman litigation pending arbitration loses its right to a stay. Julie Engwirda, Paul Smith and Caitlin Murdock of Harneys report.

03 April 2023

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

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

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

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