PE Firms Get Asset Info To Enforce $85M Loan Judgment

Law360, London (November 6, 2020, 4:39 PM GMT) -- A judge ordered a ship broker on Friday to hand over bank statements and other disclosure to five private equity firms seeking to enforce an $85 million judgment over unpaid loans after hearing that millions of dollars are unaccounted for.

Ordering the asset disclosure in the High Court case, Judge David Foxton noted that the judge who handed down summary judgment in October had kept a worldwide freezing order in place, finding that there was a real risk that any money available might otherwise be dissipated by the broker and his two sons.

That was based on "evidence that the respondents...

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