Arcelormittal US LLC v Essar Global Fund Ltd & Ano [2019] CIFsd 21 (29 March 2019)

Arcelormittal US LLC v Essar Global Fund Ltd & Ano [2019] CIFsd 21 (29 March 2019)

The court held that the US judgment was enforceable in the Cayman Islands and that the applicant was entitled to trace and seize the respondent's assets to satisfy the judgment.

Source-derived case information.

Citation
[2019] CIFsd 21
Parties
Applicant: Arcelormittal US LLC; Respondent: Essar Global Fund Ltd; Respondent: Ano
Jurisdiction
Cayman Islands
Judgment Date
29 March 2019
Procedural Posture
Commercial / Judgment
Outcome
judgment for applicant
Legal Topics
Enforcement of Foreign Judgments, Asset Tracing
Commercial Law Enforcement of Foreign Judgments Asset Tracing

Source-derived case record

Summary, issues, holding and outcome

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Parties

Arcelormittal US LLC

Applicant

Essar Global Fund Ltd

Respondent

Ano

Respondent

Procedural Posture

Commercial / Judgment

Legal Issues

  1. 1 whether the applicant can enforce a foreign judgment against the respondent in the Cayman Islands
  2. 2 whether the respondent's assets are liable to be traced and seized

Ratio Decidendi

The court held that the US judgment was enforceable in the Cayman Islands and that the applicant was entitled to trace and seize the respondent's assets to satisfy the judgment.

Court Disposition

judgment for applicant

Orders

  • US judgment recognized and enforced in the Cayman Islands
  • Applicant permitted to trace and seize respondent's assets