Topic: Attachments and freezing orders

Is London still a hub for Russian disputes?

On the opening day of London International Disputes Week, a panel discussed new challenges for London as a centre for Russian disputes – as well as broader issues such as the impact of sanctions, seizing Russian assets and the potential for new investment treaty cases.

15 May 2023

Turkish roadbuilder fails to attach Kyrgyz payment

A Canadian appeal court has rejected a bid by one of Kyrgyzstan’s arbitral creditors to attach a US$50 million payment made by a Canadian mining company to settle an unrelated investment dispute with the Central Asian state.

15 May 2023

Award holder freezes Spanish assets in London

Spain’s quixotic battle with renewable energy creditors has taken a new turn as an award holder freezes state assets including the London premises of the country’s language and cultural centre, the Cervantes Institute.

06 April 2023

Luxembourg court unfreezes Malaysian assets

A Luxembourg court has lifted an attachment previously granted to Philippine claimants seeking to enforce a US$15 billion award against Malaysia – as the dispute gives rise to further rulings in the Spanish courts.

03 February 2023

French court sides with Libya on service

A French court has ruled that Libya is not too late to appeal the enforcement of a €280 million award, after finding that delivery of documents to the state’s foreign ministry was not sufficient to prove service had been completed.

27 January 2023

Tanzanian plane remains grounded despite ICSID stay

A Swedish investor that won a US$165 million award against Tanzania has persuaded a Dutch court to uphold the attachment of an aircraft owned by the east African state, even though ICSID has stayed enforcement pending annulment proceedings.

29 November 2022

Yukos shareholders to auction Russian vodka trademarks

The former Yukos majority shareholders are preparing to auction off seized trademarks to “iconic” Russian Vodka brands in the Netherlands, as they seek to cash in on their US$50 billion awards against the state.

11 October 2022

Ukraine pushes for war claims commission

Ukraine is petitioning the United Nations to create a commission to resolve claims against Russia for financial damages arising out of the war – amid speculation that some US$300 billion in frozen Russian central bank assets could be targeted for enforcement.

10 October 2022

Sultan’s heirs take Malaysia mega-award to the Netherlands

The heirs to a sultanate on the island of Borneo have asked a Dutch court to enforce their US$15 billion award against Malaysia.

30 September 2022

Indian airline funds unfrozen in Canada

A Quebec appeal court has unfrozen US$17 million in funds belonging to India’s national flag carrier, finding that the province’s civil code does not permit enforcement against a state-owned company merely because it is an “alter ego” of a debtor state.

22 September 2022

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