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Funder lays claim to Broadsheet’s US$29 million Pakistan award By Broadsheet LLC faces legal claim from Cayman Island hedge fund VR Global has claimed in its US filing that it gave Broadsheet US$6 million in 2017 through a legal contract in exchange for a “priority lien” over the proceeds of the arbitration against Pakistan Broadsheet was hired by Pakistan more than two decades ago to trace assets belonging to Nawaz Sharif LONDON: The Broadsheet LLC is facing a legal claim for almost the full award amount of around $29 million from the Pakistan government, from a Cayman Island hedge fund that provided funds to Broadsheet’s lawyers to finance arbitration proceedings against Pakistan at the London High Court’s Financial Division and a court in the Isle of Man has prevented the Broadsheet liquidator from distributing monies to Broadsheet’s creditors unless a decision is made on the application by the funder, according to court papers reviewed by

District of columbiaUnited statesUnited kingdomCity ofBritish virgin islandsNawaz sharifRichard deitzStuart newbergerRoger harperKaveh moussaviNational accountability bureauLondon high courtInstitute of arbitratorsUnited bank limitedLondon high court financial divisionUs district court