Craig Murphy and John Holden Win Case for Global Financial Institution in Tokyo Real Estate Dispute
Craig Murphy and John Holden (Partners, New York) successfully represented the estate of a large global financial institution in two arbitrations and related litigation in the Cayman Islands concerning two contiguous commercial real estate parcels located in Tokyo. The arbitration proceedings before the American Arbitration Association's International Centre for Dispute Resolution were adverse to a large multi-billion dollar international hedge fund and involved hundreds of millions of dollars in claims. Mr. Murphy and Mr. Holden tried one of the arbitration proceedings to completion. The arbitrator ultimately issued an award granting the firm's client 100% of the recovery sought and dismissing counterclaims in excess of $100 million. Through the award and related settlement agreements, the firm's client achieved a recovery in the tens of millions of dollars.