Asset Managers Seek $100M For Alleged Asset Order Defiance
Law360, London (September 30, 2019, 7:51 PM BST) -- Two asset managers have served technology infrastructure provider Rolta Global with a $100 million summons for allegedly failing to comply with a Dutch court order that froze the Indian company's assets while the investment firms pursue multijurisdictional litigation over defaulted bonds.
On Monday, Pinpoint Asset Management and Value Partners Group Ltd. said that they served a summons on Rolta Global BV and Kamal Singh, the chairman and chief executive officer of subsidiary Rolta India Ltd., to appear at a hearing Oct. 24 at the Amsterdam District Court in the Netherlands. The summons demands payment of $100 million as penalty for Rolta...
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!