Arcelormittal USA LLC v Essar Global Fund Limited, Essar Capital Limited, VTB Bank PJSC - Grand Court of the Cayman Islands, Financial Services Division - 2 July 2019
Country
Year
2019
Summary
Enforcement of foreign arbitration award - Foreign Arbitral Awards Enforcement Law - application for garnishee order - joinder application by secured lender - requirements for garnishee order - GCR Order 49 - whether qualifying debt exists - effect of subordination agreement - whether directions should be given for trial of issue concerning capacity of judgment debtor to validly enter into subordination agreement - whether garnishee summons should be summarily dismissed - application for freezing injunction against garnishee - modified application for 'notification order' - whether good arguable case for injunction made out - whether injunction just and convenient - whether scope of proposed order proportionate - Norwich Pharmacal Order - whether final or interlocutory decision - Court of Appeal Law section 6(/)(ii) - Court of Appeal Rules rule 12(3), 12(5)(a)