13 November 2014
Cruz City 1 Mauritius Holdings v Unitech Ltd and others [2014] EWHC 3131 (Comm), [2014] All ER (D) 27 (Oct)
In earlier London arbitration proceedings, the claimant had been awarded around US$300m against the defendant foreign companies. The Commercial Court granted the claimant’s application to appoint receivers by way of equitable execution over certain assets of the defendants where, on the facts, it was just and convenient to do so, in the exercise of the court’s discretion.
