Opinion ID: 8414534
Heading Depth: 2
Heading Rank: 6

Heading: Appellants’ Attempts to Collect on the Arbitral Award

Text: On January 24, 2012, the SBT bankruptcy administrator issued a final report and, on January 27, 2012, SBT’s bankruptcy was declared closed. Because SBT had transferred almost all of its assets to Prime Carbon, appellants were unable to enforce their award from the ICC Paris against SBT. When appellants sent notices to SBT-related companies, most did not reply and those that replied denied involvement with SBT. Appellants allege they were also unable to pursue claims against Prime Carbon because appellees had transferred Prime Carbon’s ownership stake in Primetrade USA to AMCI Holdings, Inc., a United States company under the ownership of Mende and Kundrun.