From Evasion to Enforcement: How the English Commercial Court Recaptured NIOC’s Undervalued Property Transfer to Enforce an Arbitral Award
On 14 April 2024, the English Commercial Court granted Crescent Gas Corporation Limited (“CGC”) ownership of a London property to assist it (partially) to recover a USD 2.6 billion judgment debt owed by the National Iranian Oil Company (“NIOC”). This post explores the court’s decision and key takeaways for practitioners particularly regarding enforcement strategies. …