March 14, 2024
A private equity firm has urged a New York federal court to exercise its jurisdiction over two paintings held by Christie's auction house, including one by Andy Warhol, as the firm looks to seize them to satisfy $142 million in arbitral awards against a Chinese restaurateur.
March 03, 2023
A New York federal judge has finalized $142 million of arbitral awards against South Beauty restaurant chain founder Zhang Lan, ruling that a unit of private equity firm CVC Capital Partners can use proceeds from the forced sale of the Chinese entrepreneur's Manhattan condo to satisfy the court's judgment.
May 06, 2022
A former Chinese restaurant mogul accused of lying about the financial success of her restaurant chain and trying to hide assets urged a New York federal judge to reject a magistrate judge's recommendation to enforce $142 million in arbitral awards against her.
April 22, 2022
A New York federal magistrate judge has recommended enforcing $142 million of arbitral awards against a former Chinese restaurant mogul accused of lying about the financial success of her restaurant chain and trying to hide assets, saying her arguments have no merit.
August 20, 2021
A Chinese restaurant mogul is urging a New York court to toss litigation aimed at seizing a swanky Manhattan condo to enforce a $142 million arbitral award, which was issued against her after she allegedly lied about the financial success of her South Beauty restaurant chain.