Region: Cayman Islands

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

Cayman disclosure order upheld in aid of enforcement abroad

The Grand Court of the Cayman Islands has upheld a disclosure order in aid of efforts to enforce a US$1.5 billion ICC award, finding it did not matter that the relief was sought in aid of foreign rather than domestic enforcement proceedings.

08 April 2019

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