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2026 SDNY Final Ruling: Ordering the Turnover of Zhang Lan’s High-Value Paintings and Finding Fraudulent Asset Transfer
The long-standing high-profile dispute originated from the 2013 acquisition of a majority interest in "South Beauty" by the private equity firm CVC. Following the discovery of fictitious transactions, the Petitioners commenced arbitration before the China International Economic and Trade Arbitration Commission (CIETAC) and obtained awards totaling approximately USD 142.46 million in April 2019. Through global […]
