July 2024

La Française IC 2 v. Wires: Abuse of Process in Arbitral Enforcement Proceedings, Singleton Urquhart Reynolds Vogel LLP, Lexology, available here.  

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Background Paper: Compliance with and Enforcement of ICSID Awards, ICSID, available here. 

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Execution and Discovery Tools Post-Recognition and Enforcement of Arbitral Awards in US Courts, Viren Mascarenhas, Lexology, available here. 

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Arbitration award risks Russian gas flows to end before year-end, Gas to Power Journal, available here. 

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Foreign Discovery Insights 2 Years After ZF Automotive, Michael Morkin, Adam Weg and Benjamin Paull, Law360, available here. 

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Practical uses of AI in asset tracing, Joanna Curtis, Fraud Intelligence, available here. 

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Switzerland sends $28.9 million in recovered corrupt proceeds to Brazil, GIR, available here. 

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No Offence Taken: Canadian Courts Enforce Foreign Arbitral Awards Made in Accordance with Parties’ Agreement, Craig Ferris & Scott Lucyk, Chambers & Partners, available here. 

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Unveiling the Legal Battle for Asset Recovery in the FTX Collapse, The GWW, available here. 

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Recognition and Enforcement of Money Judgments between the People's Republic of China and the United States of America: A Comparative Analysis, Sui To Godfrey Ng, available here. ​

Hong Kong Arbitration Award Properly Enforced in US Dollars, Bernie Pazanowski, Bloomberg, available here. 

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Former Yukos Shareholders Achieve Milestone with €1.6 Million Auction of Russian State-Owned Liquor Trademarks, GML, available here. 

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Chambers Litigation Support Guide. Explore rankings of the leading litigation funders, litigation PR agencies, forensic accountants, business intelligence firms and asset tracing specialists, and many other litigation support specialists; available here. ​​​

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• British Virgin Islands:  ​The BVI Commercial Court has issued a landmark decision clarifying the common-law principles surrounding the enforcement of foreign judgments; read more here. 

• Colombia:  Colombian Supreme Court refuses to recognise treaty award; read more here. 

• Trinidad and Tobago:  ​A court in Trinidad and Tobago has recognised a US$2 billion ICC award won by ConocoPhillips against Venezuela’s national oil and gas company PDVSA – as the US company seeks to recover the US$1.3 billion it says it is still owed; read more here and here.

• United Arab Emirates:  Abu Dhabi Court holds that abolishment of the DIFC-LCIA arbitration centre does not lead to unenforceability of arbitration agreements that refer to the DIFC-LCIA; read more here.​

• United Kingdom:  ​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; read more here. 

• United States:  

  • The Delaware Court of Chancery “reluctantly” confirmed an arbitrator’s award arising from a post-closing purchase price adjustment dispute between a seller of a chain of grocery stores and a private equity buyer, resulting in the bizarre result of the seller owing the buyer approximately $87 million for the acquisition of those stores; read more here. 

  • AI Co. UiPath's $70M Award Over Chinese Code Theft OK'd; read more here. 

  • California court enforces Korean airline catering award; read more here. 

• United States:  ​

  • ​Glacial Capital, LLC and TRSE Holdings LLC filed a breach of contract action against the Province of Buenos Aires; read more here.

  • ​Credit Suisse bondholders take AT1 campaign to the U.S. District Court, Southern District of New York; read more here. 

  • ACF Renewable Energy Limited moved before the U.S. District Court for the District of Columbia today to recognize and enforce a 60 million euro arbitration award against the Republic of Bulgaria; read more here. 

  • GPGC LIMITED files its motion for default judgment against Ghana; read more here. 

  • Poland moves to dismiss the enforcement proceeding initiated by Mercuria Energy in the U.S. District Court for the District of Columbia; read more here. 

​Ethiopia: New Asset Recovery Draft Bill Aims to End Economic Crimes in Ethiopia; read more here. 

Singapore:  Singapore Publishes National Asset Recovery Strategy; read more here. 

United Kingdom:  The United Kingdom ratifies the 2019 Judgments Convention; read more here. 

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Brasília, Brazil:  Nelson Wilians Advogados, Advogado Cível - Recuperação de Ativos; read more here. 

Geneva, Switzerland:  Monfrini Bitton Klein, Avocat; read more here. 

London, England:  Stephenson Harwood LLP, Restructuring & Insolvency (Contentious) - Associate; read more here. 

New York, United States:  Burford Capital, Counsel; read more here.