Work Area: Arbitration
Kyrgyz gold miners seek US protection following “unjustified” state seizure
Canadian mining company Centerra Gold has placed two of its Kyrgyzstan units into bankruptcy in New York, claiming a mine they operate has been unjustifiably seized by the former Soviet republic.
01 June 2021
NMC Healthcare administrators face claw back roadblocks in Abu Dhabi
NMC Healthcare’s administrators in Abu Dhabi’s financial free zone are facing jurisdictional hurdles in their attempts to claw back payments diverted to Dubai Islamic Bank, amid questions the judge described as “elusive”.
27 May 2021
Harneys appoints new restructuring co-head
Offshore firm Harneys has promoted partner Peter Ferrer to co-lead its global litigation, insolvency and restructuring practice in the British Virgin Islands.
05 May 2021
IBA releases toolkit on insolvency and arbitration
The International Bar Association has released a toolkit providing guidance for when a party to an arbitration is subject to insolvency proceedings.
08 April 2021
Hong Kong court blocks Spanish cosmetics maker’s winding-up petition
A Spanish cosmetics manufacturer has been prevented from bringing a winding-up petition against a Chinese partner company, after a Hong Kong court found there was evidence of a “genuine and serious” cross-claim following separate arbitration awards last year.
16 March 2021
Funder applies to wind-up Cayman client after Albanian bailiff seizes award
An Australian disputes funder has applied to wind up its Cayman oil company client after discovering that a US$12.6 million arbitral award it helped secure was sequestered by a bailiff in Albania.
15 February 2021
Allen & Overy’s China joint operation opens in Beijing with Fangda team
Allen & Overy’s Chinese associate firm Lang Yue has opened a new office in Beijing with the hire of a Fangda Partners team led by Melody Wang, who was creditors’ counsel in the first mainland Chinese liquidation to be recognised in Hong Kong.
01 February 2021
Zambian court halts miner’s liquidation while arbitration proceeds
A Zambian court has reportedly blocked winding-up proceedings for a copper mining joint venture between a local state-owned entity and the UK’s Vedanta Holdings, pending the resolution of an arbitration between the parties.
24 November 2020
Chinese arbitration clause fails to save Pacific Andes affiliate from winding-up
A Hong Kong affiliate of the industrial fishing group Pacific Andes cannot rely on a Chinese arbitration clause to protect itself from winding-up proceedings because the clause was irrelevant to its debt, a court has found.
10 November 2020
Hogan Lovells adds new partners in Singapore and Paris
Hogan Lovells has hired a new restructuring partner in Singapore from K&L Gates, and welcomed back a former member of its Paris employment practice with restructuring experience.
06 October 2020