Creditor

Judge upholds $19 million arbitration award from Chinese creditors

By Allison P. Spencer
By Humberto J. Rocha (March 10, 2022, 5:38 PM EST) – A California federal judge has upheld an arbitration award from China requiring a borrower to pay its creditor a total of $19 million, plus legal fees , on a commercial loan, according to an order filed Wednesday.

U.S. District Judge Philip S. Gutierrez ordered Qing Ming Fang – also known as Myles Fang – to pay businesswoman Junping Ma $19 million, including nearly $8 million make up the original loan amount, plus $11.3 million from accrued interest. dating from 2013.

While Ma originally asked the court to return Fang and another…

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Allison P. Spencer
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