Insights

Recovering its debt in full from a company failing payment
Challenge :
A major Japanese trading company faced a dispute with a Mexican steel company which failed to pay for equipment provided by the Japanese company.
Solution :
A major funder provided several million dollars for counsel’s fees and costs for the litigation in Mexican federal courts and local courts.
Enforcing an ICC judgement against a Chinese company
Challenge :
A German chemical engineering and construction company obtained an ICC arbitration award of €6.9 million against a Chinese company. However, the Chinese company refused to pay, and the award could not be enforced in China. To pursue enforcement, the company sought assistance from a third party funder and initiated enforcement proceedings.
Solution :
The company benefited from the advantages of TPF, including assistance with asset tracing and enforcement against the debtor. TPF provided support in developing, financing, and executing a global enforcement strategy outside of China.

TPF identified the debtor’s assets, including claims against overseas business partners, and successfully seized them under Western jurisdictions including the UK, Malaysia, China, Canada, and Norway.