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Ge Transportation Co. Ltd v. A-Power Energy Generation Systems, Ltd
Case Number:
1:15-cv-06194
Court:
Nature of Suit:
Judge:
Firms
Companies
Sectors & Industries:
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June 22, 2016
GE Affiliate Keeps $476M Award Over Failed Wind Turbine Pact
A New York federal judge on Wednesday confirmed an earlier arbitration award of $476 million to GE Transportation Shenyang Co. Ltd. in a dispute arising from a Chinese wind turbine manufacturer's alleged failure to make payments in a contract to buy gearboxes from the General Electric subsidiary.
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March 02, 2016
A-Power Near Default As GE Affiliate Seeks To Collect $476M
A Chinese affiliate of General Electric Co. appeared poised Tuesday to win a default judgment in New York federal court against A-Power Energy Generation Systems Ltd. in its effort to collect on a 2012 arbitration award now worth $476 million lodged in Hong Kong against the Shenyang-based company and CEO Jinxiang Lu.
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November 24, 2015
$476M Of No-Show Turbine Co.'s Assets Frozen By Judge
A New York federal judge on Monday froze more than $476 million in assets held by a Chinese wind turbine manufacturer, finding that after the manufacturer repeatedly failed to show up to court to face claims that it failed to pay an arbitration award, GE Transportation (Shenyang) Co. Ltd. was entitled to the freeze.
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September 11, 2015
GE Unit Urges $476M Asset Freeze In Turbine Part Dispute
A China-based unit of GE Transportation on Thursday urged a New York federal judge to freeze more than $476 million in assets held by a Chinese wind turbine manufacturer in a contract dispute, claiming the company is hiding assets to dodge an arbitration ruling and render itself "judgment-proof."