Bank Appeals Court’s Order To Freeze Assets Pending Chad Pipeline Arbitration

(September 19, 2023, 11:14 AM EDT) -- NEW YORK — Two banking entities on Sept. 18 filed a notice of appeal in a New York federal court after a judge ordered them to direct their affiliate branch in Gabon to comply with an arbitrator’s emergency award requiring it keep a Cameroonian pipeline company’s $151 million account frozen pending the outcome of an arbitration between shareholders including a Bahamian investor and the Republic of Chad....