International Judgment Enforcement & Offshore Asset Recovery | Kobre & Kim

Client Alert November 21, 2024

PRC-Based Investors Can Now Enforce Claims in the Middle East

International investors and other claimants have long struggled to enforce cross-border claims in the United Arab Emirates (UAE) and the wider Middle East.
Recent UAE courts decisions informing how they approach enforcement against debtors, including sovereigns, have signalled that the tides may be turning in creditors’ favor.
As China looks to consolidate its new investment model for China-Middle East collaboration, this issue may particularly impact PRC-based investors with an eye on the region.

Events November 14, 2024

Kobre & Kim at Dubai Arbitration Week

This year’s Dubai Arbitration Week proved a tremendous success, with Kobre & Kim’s team participating in several events.

Events October 28, 2024

Kobre & Kim Hosts Riding the Waves of Enforcement: An Interactive Offshore and Onshore Asset Recovery Simulation at Dubai Arbitration Week

Join Kobre & Kim's Dubai, Cayman and BVI teams during “Riding the Waves of Enforcement: An interactive offshore and onshore asset recovery simulation” on Tuesday, November 12 at the Ritz-Carlton Dubai International Financial Centre.

Client Alert October 28, 2024

Kobre & Kim Client Receives Favorable Ruling in Enforcement of Award Against Sovereign State

On October 22, England’s Court of Appeal dismissed the Kingdom of Spain’s challenge to enforce a US $109 million arbitral award in favor of Kobre & Kim’s client.
Despite Spain’s arguments asserting state immunity, Lord Justice Phillips interpreted the 1965 ICSID Convention.

Client Alert October 25, 2024

Decision Widens Door for Bondholders to Enforce

A Kobre & Kim client received a recent ruling by the New York Supreme Court that eases global bondholders’ ability to monetize claims.
Justice Joel Cohen found Zhu Xinli, the sole director of Huiyuan Juice subsidiary Huiyuan Beijing, personally liable for more than US $114 million.
The decision means that bondholders increasingly have monetization options against recalcitrant debtors, including the ability to collect at par from well-heeled decision-makers when the primary obligors may be effectively insolvent, judgment-proof, or even already in bankruptcy proceedings.

Events October 23, 2024

Evelyn Sheehan Explores Leveraging Law Enforcement to Aid Victims of Fraud at C5 Miami

Kobre & Kim’s Evelyn Sheehan will moderate a panel focused on “Leveraging Law Enforcement to Aid Victims of Fraud: The Latest on Detecting, Investigating, and Prosecuting Fraudulent Activity” at the C5 Fraud, Asset Tracing & Recovery Miami conference on October 25.

Events October 17, 2024

Kobre & Kim’s São Paulo Team and Prisma Capital Host Litigation Funding and Monetization of Arbitral Awards Panel

Kobre & Kim’s São Paulo team, together with Prisma Capital, hosted a breakfast panel during the São Paulo Arbitration Week to discuss “Litigation Funding and Monetization of Arbitral Awards” on October 16.

Events October 17, 2024

Jason Kang, Jef Klazen and Jian Wu to Present at Seminar on Asset Protection for Chinese Companies and Individuals

Kobre & Kim’s Jason Kang, Jef Klazen and Jian Wu will present at a closed-door seminar focused on asset protection for Chinese clients held at Zhong Lun Law Firm’s Beijing office on October 22, organized by Zhong Lun Law Firm, Kobre & Kim and STEP China.

Client Alert October 17, 2024

Cross-Border Kobre & Kim Team Succeeds in Recovering Stolen Crypto Assets Worth Over US $400 Million

When large-scale cryptocurrency fraud or cyber-attacks hit, the stolen assets can quickly be dispersed across the globe, with perpetrators hard to find. In these cases, the initial hours and days can be critical.
However, a recent victory shows that even after considerable time has passed since a hack, victims can trace stolen assets and react quickly to recover them due to the public nature of blockchain transactions and the powers of the English and US Courts to order injunctive relief.

Events October 10, 2024

Robin Baik on Cross-Border Enforcement of Foreign Judgments at Seoul NYSBA Global Conference

Kobre & Kim’s Robin Baik will share his insight at “Bridging Borders: Challenges and Innovations in Cross-Border Enforcement of Foreign Judgments in South Korea, China, and the U.S.,” a New York State Bar Association Global Conference panel in Seoul on October 16.

Events October 8, 2024

Kobre & Kim’s São Paulo Team Hosts São Paulo Arbitration Week Panel

Kobre & Kim’s São Paulo team, together with Prisma Capital, will host a breakfast panel during São Paulo Arbitration Week to discuss “Litigation Funding and Monetization of Arbitral Awards” on October 16.

Events October 2, 2024

Richard Clarke to Chair Panel at Asset Recovery Middle East: Fraud Litigation, Enforcement & Contentious Insolvency

Recent international judgments illustrate the complexity of navigating cross-border litigation involving sovereigns and state immunity. Kobre & Kim’s Richard Clarke will share his expertise in this area at Asset Recovery Middle East: Fraud Litigation, Enforcement & Contentious Insolvency, a conference taking place from October 13 to 15 in Dubai.

Events September 11, 2024

Evelyn Sheehan Explores Civil Asset Recovery in the Americas with IBA

Kobre & Kim’s Evelyn Sheehan will share her expertise on multi-jurisdictional investigations and cross-border insolvency tools in a panel at the International Bar Association Global Conference on September 17 in Mexico City, focused on “Civil Asset Recovery in the Americas: The Indispensable Role of Insolvency Tools and Remedies.”

Client Alert September 5, 2024

Enforcing Claims Against Sovereign Debtors in the Middle East

Commercial parties worldwide have long struggled to enforce cross-border arbitration awards and judgments in the Middle East.
However, recent decisions of the UAE courts have signaled that the tides may be turning more in creditors’ favor. which can inform how they may approach enforcement against a sovereign debtor.
Our team explains recent updates advancing cross-border judgment enforcement efforts in the region.

Events August 29, 2024

Evelyn Sheehan on "Pursuing Suspect Wealth in Cyber Space" at the Cambridge International Symposium on Economic Crime

On September 3, Kobre & Kim’s Evelyn Sheehan will be speaking at the 41st Cambridge International Symposium on Economic Crime. Her talk, scheduled during a session focused on "pursuing suspect wealth in cyber space," will address the crucial issue of cryptocurrency regulation in the United States.