$142M Awards May Be Enforced Against Chinese Investor’s Apartment, Judge Says

Mealey's (February 14, 2023, 1:05 PM EST) -- NEW YORK — A New York federal judge adopted in full a magistrate judge’s report and recommendation (R&R), found that the court has quasi in rem jurisdiction based on a Chinese investor’s ownership of a Manhattan apartment and confirmed two arbitral awards worth more than $142 million against her for a dispute with co-investors in a Chinese restaurant chain, paving the way for the award-creditors to seize and sell the apartment....

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