London Court Upholds $22M Award For Stolen Asset Hunter

Law360 (July 12, 2019, 5:05 PM EDT) -- A London court upheld a roughly $21.6 million arbitral award issued to a company that Pakistan hired to track down assets stolen by government officials, concluding Friday that there was no “serious irregularity” in the tribunal’s decision.

The High Court of Justice refused to upset Broadsheet LLC’s award, rejecting Pakistan’s assertion that the arbitrator failed to fully explain why he awarded the company $19 million relating to the recovery of assets tied to former Prime Minister Nawaz Sharif, who is currently jailed on corruption charges.

“By requiring a further explanation of how aspects of the evidence were dealt with, the court...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!