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Order | Filed: June 22, 2016 | Entered: June 22, 2016
Ge Transportation Co. Ltd v. A-Power Energy Generation Systems, Ltd
Other Statutes: Arbitration | New York Southern
Memorandum & Opinion
OPINION & ORDER: For the foregoing reasons, it is hereby: ORDERED that the arbitration award issued on August 8, 2012 by the Hong Kong International Arbitration Center in the matter of GE Transportation (Shenyang) Co., Ltd. v. A-Power Energy Generation Systems, Ltd. is confirmed, and judgment shall enter in favor of GE Transportation (Shenyang) Co., Ltd. against A-Power Energy Generation Systems, Ltd. in the amount of $476,700,190.49, comprising $359,997,368.50 in principal and $116,702,821.99 in accrued interest through September 10, 2015. IT IS FURTHER ORDERED that, until judgment is paid in full, A-Power Energy Generation Systems, Ltd. is permanently restrained, enjoined and prohibited from directly or indirectly transferring, dissipating or otherwise disposing of or diminishing in value any of its assets wherever they are located, whether in its own name or not, and whether solely or jointly owned, or directly or indirectly controlled. This prohibition requires A-Power, inter alia, to exercise its control over any entities or persons owned or controlled by A-Power to ensure that they and/or their subsidiaries do not remove, encumber, dissipate, or otherwise dispose of or deal with or diminish in value any of their assets wherever they are located. IT IS FURTHER ORDERED that, within 14 days of this Opinion & Order, GET or its attorneys shall effect service of a copy of this Opinion & Order by serving the same upon A-Power, via email directed to Lu's last known personal and operative email address, firstname.lastname@example.org, in accordance with this Court's Order Authorizing Alternative Service on A-Power Energy Generation Systems, Ltd. dated November 2, 2015, Dkt. 29; and shall thereafter forthwith file an affirmation of such service on the docket of this case. IT IS FURTHER ORDERED that, within 14 days of this Opinion & Order, GET shall file a letter informing the Court if there is any reason why, in light of the rulings above, this case should not be closed. (Signed by Judge Paul A. Engelmayer on 6/22/2016) (tn)