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Funder lays claim to Broadsheet's $29 million Pakistan award

Funder lays claim to Broadsheet’s $29 million Pakistan award
Top Story
May 1, 2021
LONDON: The Broadsheet LLC is facing a legal claim from a Cayman Island hedge fund for almost the full amount of around $29 million award received from the Pakistan government.
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 The News and Geo. The hedge fund had provided funds to Broadsheet’s lawyers to finance arbitration proceedings against Pakistan at London High Court’s Financial Division. ....

District Of Columbia , United States , United Kingdom , City Of , Nawaz Sharif , Richard Deitz , Stuart Newberger , Roger Harper , Kaveh Moussavi , National Accountability Bureau , London High Court , Institute Of Arbitrators , United Bank Limited , Pakistan At London High Court Financial Division , Us District Court , Vr Capital Group , Cayman Island , Sir Anthony Evans , Chartered Institute , Broadsheet Isle , Claims Proceeds , Claims Proceeds Account , Proceeds Investment Agreement , Priorities Agreement , மாவட்டம் ஆஃப் கொலம்பியா , ஒன்றுபட்டது மாநிலங்களில் ,

Broadsheet faces legal claim for $29mn Pakistan award

Isle of Man court prevents Broadsheet liquidator from distributing monies to Broadsheet’s creditors in violation of agreements
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District Of Columbia , United States , United Kingdom , City Of , British Virgin Islands , Nawaz Sharif , Richard Deitz , Stuart Newberger , Roger Harper , Kaveh Moussavi , National Accountability Bureau , London High Court , Institute Of Arbitrators , United Bank Limited , London High Court Financial Division , Us District Court , Vr Capital Group , Cayman Island , Financial Division , Sir Anthony Evans , Chartered Institute , Claims Proceeds Account , Proceeds Investment Agreement , Priorities Agreement , Industrial Developments , மாவட்டம் ஆஃப் கொலம்பியா ,

Funder lays claim to Broadsheet's US$29 million Pakistan award

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 Columbia , United States , United Kingdom , City Of , British Virgin Islands , Nawaz Sharif , Richard Deitz , Stuart Newberger , Roger Harper , Kaveh Moussavi , National Accountability Bureau , London High Court , Institute Of Arbitrators , United Bank Limited , London High Court Financial Division , Us District Court , Vr Capital Group , Cayman Island , Financial Division , Sir Anthony Evans , Chartered Institute , Claims Proceeds Account , Proceeds Investment Agreement , Priorities Agreement , Industrial Developments , மாவட்டம் ஆஃப் கொலம்பியா ,