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Arbitration – Award. The claimant brought arbitration proceedings against the defendant in the United States for the enforcement of a guarantee concerning acquisition of shares in a US coal mining operation. The arbitration tribunal made an award in favour of the claimant. The defendant company applied, under s 103 of the Arbitration Act 1996, for an order setting aside the award. Alternatively, the defendant applied for an adjournment of the decision on recognition and enforcement of the award pending the determination of proceedings filed by EGFL in New York challenging the award. The Commercial Court granted the adjournment, conditional upon the giving of security by EGFL for the full amount of the award.
Arbitration – Award. The claimant brought arbitration proceedings against the defendant in the United States for the enforcement of a guarantee concerning acquisition of shares in a US coal mining operation. The arbitration tribunal made an award in favour of the claimant. The defendant company applied, under s 103 of the Arbitration Act 1996, for an order setting aside the award. Alternatively, the defendant applied for an adjournment of the decision on recognition and enforcement of the award pending the determination of proceedings filed by EGFL in New York challenging the award. The Commercial Court granted the adjournment, conditional upon the giving of security by EGFL for the full amount of the award.
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Westgate Wealth Management Ltd is a Partner Practice of FTSE 100 company St. James’s Place – one of the top UK Wealth Management firms. We offer a holistic service of distinct quality, integrity, and excellence with the aim to build a professional and valuable relationship with our clients, helping to provide them with security now, prosperity in the future and the highest standard of service in all of our dealings.
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