Kobre & Kim Scores Victory in $14m Judgment against Sky Solar Holdings Founder
April 1, 2019
Publication: PV Magazine
Kobre & Kim secured an order from a New York federal court confirming an arbitration award totaling nearly $14 million entered against Weili Su, the founder of Sky Solar Holdings Co. Ltd., a Cayman Islands company that operated solar power generating parks around the world.
Under the direction of Hong Kong-based attorney John Han, Kobre & Kim filed the petition to enforce the award on January 29th, 2019. After Su and his company, Flash Bright Power Limited, failed to respond to the petition, the court entered a judgment by default for the firm’s clients on March 26th, 2019. PV Magazine writes that “this type of action has become almost necessary in high-monetary award cases, as millionaires and billionaires would really prefer not to have to give away millions of their own, even if they are required by law to do so.”
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