Industry: Financial services
South African fund targets Ghanaian businessman
A South African investment fund has applied to courts in New York and Chicago to enforce a US$60 million LCIA award against a Ghanaian businessman arising from a loan guarantee.
06 September 2023
Hong Kong investors prepare treaty claim over Credit Suisse
Hong Kong investors affected by the write-down of Credit Suisse bonds are reportedly preparing an investment treaty claim against Swizerland – weeks after an Australian funder announced it would back another group of bondholders represented by Allen & Overy.
05 September 2023
Banking group brings ICSID claim against DRC
The Democratic Republic of the Congo is facing a new ICSID case from a Swiss banking group, as ICC claims by a Kazakh-owned mining group and a South African law firm also come to light.
29 August 2023
Israeli fintech group seeks bankruptcy relief after fraud claims
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
UK court rejects consumer law challenge to Hong Kong award
A widow who was held liable in a Hong Kong arbitration after personally guaranteeing a bond issuance by her late husband’s company “out of love” has failed to halt enforcement of the award in London by invoking UK consumer law.
08 August 2023
Founders of crypto start-up face trade secrets claim at LCIA
Two founders of a cryptocurrency start-up are facing an LCIA claim from their former employer over alleged theft of trade secrets.
26 June 2023
PRIME names new secretary general
PRIME Finance, the Hague-based institution that specialises in complex financial disputes, has appointed former New Zealand judge Sir David Baragwanath KC as its new secretary general.
10 May 2023
Indian arbitrator to hear hospital takeover dispute
A Mumbai healthcare provider is pursuing arbitration against the private equity owners of a hospital network, accusing them of breaching an exclusivity agreement by accepting a rival offer to acquire the business.
05 May 2023
Bondholders prepare treaty claim over Credit Suisse
UPDATED. Credit Suisse bondholders based in Singapore are reportedly preparing an investment treaty claim against Switzerland after their bonds became worthless following the bank’s recent takeover by UBS.
19 April 2023