2nd Circuit Affirms Turnover Order Enforcing $185M Award Against Hong Kong Entity

(April 9, 2024, 2:13 PM EDT) -- NEW YORK — A Second Circuit U.S. Court of Appeals panel on April 8 affirmed a judge’s ruling ordering that a Hong Kong entity turn over 100% of its interest in an affiliate that owns real estate in New York and Chicago to partly satisfy a JAMS arbitral award against it worth more than $185 million, writing that turnover is proper because the entity had tried to obstruct enforcement of the award....

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