Apricus Invs. v CIS Emerging Growth Ltd. [2003] JLR_Note 40 (03 September 2003)

Apricus Invs. v CIS Emerging Growth Ltd. [2003] JLR_Note 40 (03 September 2003)

Interim relief may be granted where there is a real risk that assets will be dissipated before enforcement of an arbitral award.

Parties
Applicant: Apricus Investments; Respondent: CIS Emerging Growth Ltd.
Jurisdiction
Jersey
Judgment Date
03 September 2003
Procedural Posture
Arbitration Award Enforcement / Interlocutory
Outcome
interim relief granted
Legal Topics
Enforcement of Arbitral Awards, Risk of Dissipation of Assets
Arbitration Civil Procedure Enforcement of Arbitral Awards Risk of Dissipation of Assets

Case Brief

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Parties

Apricus Investments

Applicant

CIS Emerging Growth Ltd.

Respondent

Procedural Posture

Arbitration Award Enforcement / Interlocutory

Legal Issues

  1. 1 Whether enforcement of an arbitration award should be granted
  2. 2 Whether there is a risk of dissipation of assets justifying interim relief

Ratio Decidendi

Interim relief may be granted where there is a real risk that assets will be dissipated before enforcement of an arbitral award.

Court Disposition

interim relief granted

Orders

  • interim measures to prevent dissipation of assets pending enforcement