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Cayman Islands Court of Appeal holds that swift enforcement of foreign arbitral awards is essential
In the recent decision of Suning International Group Co Ltd v Carrefour Nederland BV the Cayman Islands Court of Appeal provided guidance on the procedure to be followed under Order 73, rule 31(6) of the Grand Court Rules for service of proceedings to enforce a foreign arbitral award. In doing so, the Court of Appeal emphasised the policy of Cayman Islands law in favour of swift enforcement of arbitral awards. It also cautioned that failure to follow the guidance in this judgment will likely result in a service order being set aside. Background The respondent obtained an arbitral award in…
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