Topic: Monetising claims and awards
Renewables funds swapped out of US action against Spain
A US court has allowed the claimants to be substituted in an action to enforce an Energy Charter Treaty award even as Spain warns their directors could face criminal penalties over the move.
13 March 2023
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
Quebec court maintains freeze on Indian assets
A Quebec court has refused to lift a freeze on US$37 million in funds owed to India’s airports authority, ruling it has no jurisdiction to declare that recent legislation preventing such seizures has retroactive effect.
14 September 2022
Burford wins enforcement against Kyrgyzstan
A Burford Capital subsidiary has won default judgment in its bid to enforce a US$25 million investment treaty award against Kyrgyzstan after the state failed to show up for the US proceedings.
15 June 2022
Old foe of DRC targets “stolen” assets in Maryland
A US investment firm seeking to collect on a nearly two-decade old arbitral debt from the Democratic Republic of the Congo is targeting properties in Maryland allegedly acquired by relatives of the country’s former president Joseph Kabila with stolen government funds.
08 December 2021
Assignee of ICSID award seeks to collect from Argentina
A Delaware entity that acquired the rights to a US$320 million ICSID award against Argentina has applied to enforce it in the US in the wake of a dispute with the administrators of the original claimants.
25 August 2021
Assignee can’t enforce Moldovan gas award
A US appeals court has refused to allow the assignee of an arbitral debt worth more than US$32 million to renew a default enforcement judgment against Moldova issued over 20 years ago.
23 June 2021
Dentons wins seizure of client’s Congo award
A Delaware court has allowed Dentons to have a former client's US$250 million ICC award against the Democratic Republic of the Congo seized to recover unpaid legal fees.
30 August 2019
Burford sells interest in Argentina award
Burford Capital says it has made a gain of US$94 million by selling its interest in the proceeds of an ICSID award against Argentina – withdrawing from a dispute where its role as third-party funder led the state to complain of fraud.
13 March 2018