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Samuel Estreicher and Holly H. Weiss Samuel Estreicher and Holly H. Weiss

In 2015, an arbitration panel in Paris, France found the Republic of Uzbekistan liable to Oxus Gold PLC for approximately $13 million, due to its expropriation of two gold mines. Oxus’s expenses in the arbitration were funded by Gretton Ltd., a litigation funder, and Oxus had assigned the proceeds of an arbitration award to Gretton in 2012. Although Oxus obtained recognition of the award from a Parisian court, in 2016 it appealed to a French appellate court to set aside the arbitration award to the extent it denied Oxus’s claims. Uzbekistan opposed the appeal, and sought to vacate the entire award.

 

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