SDNY issues an anti-suit injunction to protect judgment creditor’s right to continue to enforce a $1 billion Swiss arbitration award confirmed by the SDNY

This decision is the latest development in the bitterly disputed enforcement case of a $932 million Swiss arbitration award confirmed by the United States District Court for the Southern District of New York in favor of a Dutch judgment creditor, Sonera Holding B.V. (“Sonera”), against a Turkish judgment debtor, Cukurova Holding A. (“Cukurova”).

Filed under:
Switzerland, USA, New York, Arbitration & ADR, Insolvency & Restructuring, Litigation, Wilk Auslander LLP, Injunction, Preliminary injunction, Arbitration award, Anti-suit injunction, Second Circuit, US District Court for the Southern District of New York
Authors:
Jay S. Auslander , Natalie Shkolnik
Location:
Switzerland, USA
Firm:
Wilk Auslander LLP