Anadarko China Holdings - Anadarko Petroleum Corporation v WIN Business Energy (Caofeidian) Limited - British Virgin Islands High Court of Justice - Claim No BVIHC-COM 2022-0217 - Order - 2 May 2023
The Applicants seek the winding up of Win Business Energy (Caofeidian) Limited ("the Company") through the appointment of liquidators. On 23 December 2022 I gave an oral judgment with reasons. An order of the same date setting out the court's decision was entered by the Registry on 6 January 2023. This is the written judgment.
The Applicants' case is that the Company is indebted to the Applicants in a sum in excess of US$7 million. The debt arises from LCIA arbitration awards, and specifically the Final Award on Quantum dated 13 October 2021 in the sum of US$6,185,886.85 in fees and expenses and arbitration costs of £618,249.91 together with post-award interest at the LIBOR US Dollar 3-month rate on 13 November 2021 plus an uplift of 2% on all amounts due and unpaid from 13 November 2021 until the date of full payment ("the Debt").