Brazilian STJ freezes assets during recognition proceedings to secure future enforcement | Practical Law

Brazilian STJ freezes assets during recognition proceedings to secure future enforcement | Practical Law

In Newedge USA LLC v Manoel Fernando Garcia and others, MC 17.411/DF, the Brazilian Superior Court of Justice (STJ) considered whether to grant an injunction to freeze assets in order to secure future enforcement of a recognised arbitral award while the recognition decision was still under analysis due to a motion for clarification.

Brazilian STJ freezes assets during recognition proceedings to secure future enforcement

Practical Law UK Legal Update Case Report w-005-0234 (Approx. 4 pages)

Brazilian STJ freezes assets during recognition proceedings to secure future enforcement

by Eduardo Damião Gonçalves (Partner), Flávio Spaccaquerche Barbosa (Partner) and Nayara Ferreira Araújo Alves (Associate), Mattos Filho Advogados
Published on 15 Dec 2016 • Brazil
In Newedge USA LLC v Manoel Fernando Garcia and others, MC 17.411/DF, the Brazilian Superior Court of Justice (STJ) considered whether to grant an injunction to freeze assets in order to secure future enforcement of a recognised arbitral award while the recognition decision was still under analysis due to a motion for clarification.