The claimant was the largest shareholder of a now liquidated US manufacturing company with a $1 Billion USD sales pipeline at the time it closed its doors due to defendant stock purchase default.
Lack of payment for shares by respondent caused the claimant to default on financial commitment.
Ownership in over 100 subsidiaries and significant business with substantial assets.
In 2018 the claimant filed a case in the Hong Kong International Arbitration Centre (HKIAC), a top-three international arbitration court. Final Arbitration decision (no appeal) is expected in 2023 or before, if there is a settlement.
Floor value of $160 Million USD is set by the claimant’s arbitration Law Firm, Gibson Dunn, in case of settlement.
Gibson Dunn is well known for its appellate litigation and securities litigation practices.
With $2.16 billion in revenue in 2020, the firm placed 12th on The American Lawyer’s 2021 Am Law 200 ranking