The US Department of Justice has served a warrant to seize $330m held in an escrow account by Clyde & Co LLP in connection with a complex fraud against the Malaysian state fund 1MBD.
Two large associations of arbitrators, the Chartered Institute of Arbitrators (CIArb) and the Centre for Effective Dispute Resolution (CEDR), are offering a new Pandemic Business Dispute Resolution Service for commercial claims worth between £5,000 and £250,000.
46 countries including China, US, India, and the Republic of Korea signed the Singapore Convention on Mediation, a treaty enabling the cross-border enforcement of mediated settlement agreements.