Region: British Virgin Islands

A subsidiary of Russia’s central bank is trying to enforce a US$565 million LCIA award against companies linked to the family of a Russian property tycoon – while a related fraud litigation in the UK has been adjourned.

06 November 2024

Radford Goodman and Greg Falkof of Mishcon de Reya in London consider a recent Privy Council decision refining English law’s approach to disputed winding-up petitions where there is an arbitration agreement between the parties.

03 September 2024

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

The Privy Council in London has upended a decade of settled English law on the interplay between insolvency and arbitration, endorsing the approach of the British Virgin Islands that winding-up proceedings should not be stayed in favour of arbitration where the dispute is insubstantial.

20 June 2024

A British Virgin Islands court has held it is abusive for a US litigation funder to pursue insolvency proceedings against a client while also bringing a DIAC claim over the same alleged debt.

05 April 2024

A Hong Kong court has ruled that a pair of HKIAC awards favouring a Chinese property developer in a US$147 million dispute should be remitted to arbitrator Neil Kaplan KC as they arguably conflict with Hong Kong public policy following a recent change to the law on illegality.

10 January 2024

A UK court has awarded more than US$850 million to the exiled founder of a Thai wind energy group after upholding his claims that various executives and a prominent lawyer engaged in “dishonest asset-stripping” to frustrate payment of ICC awards.

14 August 2023

An arbitrator in Hong Kong has dismissed a US$147 million claim against a Chinese property developer arising from a voided share purchase, as it battles to regain control of valuable assets on the mainland.

24 April 2023

Two British Virgin Islands companies have asked a US court to overturn an ICDR award that found they are bound by an arbitration agreement in a US$146 million dispute with Google’s Asian arm over unpaid advertising fees.

08 September 2022

A Singapore-based currency trader has filed a US$2.4 billion ICDR claim seeking to recover loans issued to a crypto hedge fund that it says suffered an “unprecedented implosion” following market volatility.

21 July 2022