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Arbitration and Asset Recovery: A Landmark UK Court Decision

In a landmark decision, a UK court has ordered the transfer of a substantial property linked to the National Iranian Oil Company to UAE-based Crescent Petroleum. This ruling comes as part of the efforts to satisfy a significant arbitral award of US$2

  • A UK court has ordered the transfer of a £100 million property linked to the National Iranian Oil Company to Crescent Petroleum as part of a US$2.6 billion arbitral award enforcement.
  • The case exemplifies the complex relationship between international arbitration decisions and their enforcement within national legal frameworks.

BY : Fanuel Rudi

Date : 2024-04-23 22:58

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