Below is no_ bear's reply.

(For those new to this forum it should be noted that no_bear is a lawyer who has experience in international arbitration.)

Again, my question dealt with a corporate entity going belly up before international arbitration is completed and the mechanism that would allow the case to be carried forward anyway.

Many of the situations with which I am personally familiar settled with confidential settlements so I cannot disclose them. Most of them were situations where the assets (including potential litigation claims) were purchased by another company primarily for the purpose of the litigation value. One example that I can mention was Spectrum Information Technologies, Inc.