Topic: Attachments and freezing orders
London court lifts freeze on Luton Airport assets
Spain’s state-owned airport operator says an English court has unfrozen assets relating to London’s Luton Airport, which had been targeted by one of the state’s ICSID creditors.
20 September 2024
Gazprom fails to lift Dutch attachment by invoking BIT
A Dutch court has upheld a freeze on Gazprom’s assets obtained by a Ukrainian company, rejecting the Russian entity’s argument that the attachment violated the Netherlands’ bilateral investment treaty with the former Soviet Union.
04 September 2024
Chinese agribusiness group’s award upheld in fraud dispute
The former owners of a Dutch agricultural commodities trader have failed to overturn an ICC award that required them to pay US$125 million in damages to a Chinese multinational for committing fraud during a billion-dollar M&A transaction.
30 August 2024
Russian court refuses to enforce SCC award
A Russian court has refused to enforce a Stockholm Chamber of Commerce award against a local railcar maker, citing the “legal aggression” of international sanctions against Russia as well as the nationalities of certain arbitrators on the tribunal.
22 August 2024
Paris court orders seizure of Nigerian jets
A French court has allowed a Chinese investor to seize planes owned by the Nigerian government as it seeks to enforce a US$81 million investment treaty award.
19 August 2024
Russian court grants billion-dollar asset freeze against German contractor
A Russian court has allowed a Gazprom affiliate to freeze US$1.15 billion in assets owned by Germany’s Linde in a dispute over a stalled gas processing project – months after ordering the engineering group to discontinue a parallel HKIAC arbitration.
15 August 2024
Award creditor seizes Spanish air control assets in Belgium
A Belgian court has frozen US$32 million in revenues owed to Spain’s state-owned air traffic control company at the request of one of the country’s renewable energy award creditors.
11 July 2024
Chinese investor seizes Nigerian state properties in UK
A Chinese investor seeking to enforce a US$70 million investment treaty award against Nigeria has been granted final charging orders over two UK residential properties owned by the state – having also attached a £20 million debt relating to the high-profile P&ID case.
21 June 2024
Gibson Dunn joins counsel team for Tunisia oil claims
A Canadian energy company has engaged Gibson Dunn & Crutcher to act in pending ICSID and ICC claims against Tunisia over a set of oil and gas concessions.
05 June 2024
DIFC appeal court affirms interim relief is enforceable as “award”
The Dubai International Finance Centre Court of Appeal has affirmed that a provisional award granting interim measures in a foreign arbitration is enforceable as an “award” under the DIFC’s arbitration law.
04 April 2024