Laos cannot impose asset freeze in fight for $ 3.7 million casino rewards

By on July 22, 2021 0
Law360 (July 21, 2021, 10:08 p.m. EDT) – Government of Laos Cannot Go Against Lake Idaho Properties Seeking $ 3.7 Million Arbitral Award, an Idaho federal court ruled, dismissing claims that a US debtor moved assets in an attempt to play court.

An arbitration judge who was wiretapped by the Idaho court on Wednesday dismissed the Southeast Asian nation’s petition for a temporary restraining order and overturned the court’s earlier order freezing the sale of Idaho properties, explaining that Laos had absolutely failed to meet the standard of review for an injunction.

In its August 2020 petition, Laos accused Idaho businessman John …

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