England and Wales High Court of Justice, 20 June 2018, Eastern European Engineering LTD v. Vijay Construction (Proprietary) LTD, [2018] EWHC 1539 (Comm)

Eastern European Engineering Ltd (“EEEL”), incorporated in the Seychelles, is operating in the area of immovable property. Vijay Construction (Proprietary) Ltd (“Vijay”) is also a Seychellois company, specialized in construction. They concluded six construction contracts, which contained an ICC arbitration clause with seat in Paris and Seychellois law as applicable law to the dispute. The [...]

High Court of Justice, 20 December 2017, UMS Holding Limited, Energy Standard Fund Limited, Energy Standard Industries v. Great Station Properties SA and Inter Growth Investments Limited, [2017] EWHC 3330

The High Court of Justice issued a worldwide freezing order to facilitate the enforcement of an arbitration award. The companies indirectly controlled by the losing party were transferring assets and diverting profits to avoid the payment of the award. Initially, the real risk of dissipation was established by the tribunal. Following this finding, the risk [...]

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