Judge Freezes $476 Million In Assets Related To Petition To Confirm
(November 30, 2015, 1:20 PM EST) -- NEW YORK — A New York federal judge on Nov. 23 granted a transportation company's request for an injunction freezing $476,700,190.49 in assets and other assets in relation to its petition to confirm a $359,997,368.50 arbitration award that was issued in its favor by the Hong Kong International Arbitration Centre (HKIAC) (GE Transporation [Shenyang] Co. Ltd. v. A-Power Energy Generation Systems Ltd., No. 15-6194, S.D. N.Y.; 2015 U.S. Dist. LEXIS 158230).
(Opinion available. Document #05-151222-001Z.)
GE Transportation Co. Ltd. filed a petition to confirm an arbitration...