Summary

The claimants are creditors under two arbitration awards made in arbitrations seated in England. (Footnote: 1) The debtors under those awards are the first and second defendants, as well as another related company (called Palmali International Holding Company Limited, "PIHCL"). In this claim, the claimants contend that, through a series of restructurings, the defendants have sought to move assets away from the award debtors with the aim of frustrating enforcement of the awards. This judgment deals with the defendants' application to set aside the order of Jacobs J, dated 6 June 2025, in which he gave permission for the claim to be served out of the jurisdiction.