Topic: Attachments and freezing orders

An Israel-based fintech group facing allegations of a US$4 billion fraud has filed for bankruptcy protection in Delaware, thwarting an insurance broker’s bid for injunctive relief in aid of a threatened arbitration in Bermuda.

21 August 2023

Tanzania appears to have settled its dispute with Swedish investors in a failed sugar-cane project, securing the release of a grounded plane after withdrawing its challenge to a US$165 million award.

10 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

A New York court has lifted an attachment over assets held by rapper Kanye West and his Yeezy shoe brand, obtained by Adidas pending JAMS proceedings the sportswear group filed after it ended their partnership following his antisemitic and racist rants.

30 May 2023

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

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

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

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

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

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