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Commercial Arbitration

New case ignites over Kurdistan gas settlement

New case ignites over Kurdistan gas settlement

21 September 2017

UAE companies Dana Gas and Crescent Petroleum - which last month settled a US$26 billion dispute with the Iraqi region of Kurdistan - have begun a new arbitration, this time against a minority stakeholder of their consortium which dragged its feet when it came to accepting the deal.

Toshiba hit with third ICC claim in flash drive dispute

Toshiba hit with third ICC claim in flash drive dispute

21 September 2017

US data storage company Western Digital has filed a third ICC claim against Toshiba in a dispute over a joint venture to manufacture flash memory drives - as it prepares to sell its memory chip business for US$18 billion.

Ukraine risks new claim as hearings loom in oligarch case

Ukraine risks new claim as hearings loom in oligarch case

18 September 2017

UPDATED: French pharmaceutical group Sanofi has threatened Ukraine with an investment treaty claim over an alleged fraud in its courts - as the state prepares for hearings in an unrelated dispute with a Ukrainian oligarch.

Italian arbitrator loses appeal over recusal

Italian arbitrator loses appeal over recusal

15 September 2017

An arbitrator who was disqualified from a €3 billion insurance dispute after being accused of taking a bribe has lost an appeal against his recusal before Italy's highest court - as he faces a new lawsuit from the party that made the allegation.

McArbitration reaches McAward

McArbitration reaches McAward

14 September 2017

McDonald's has won a partial award in its LCIA claim against a former franchisee in Delhi, a year after the lifting of a Delhi court's anti-arbitration injunction.

Canadian province loses challenge over Exxon royalties

Canadian province loses challenge over Exxon royalties

11 September 2017

The Canadian province of Newfoundland and Labrador has failed to set aside an UNCITRAL award in favour of a consortium led by ExxonMobil in a dispute over royalties from a US$5 billion offshore oil project.

Kyrgyz gold mine dispute on verge of settlement

Kyrgyz gold mine dispute on verge of settlement

07 September 2017

Canadian mining company Centerra Gold and Kyrgyzstan have announced a proposed settlement of their dispute over a gold mine - which would see Centerra paying state-run charities US$60 million in satisfaction of environmental claims.

Insurers cleared to join Oregon power plant case

Insurers cleared to join Oregon power plant case

05 September 2017

An Oregon electric utility has failed to prevent two insurers from participating in an ICC arbitration with Abengoa over a US$660 million power plant project.

Mauritius' trading arm challenges SIAC award

Mauritius' trading arm challenges SIAC award

01 September 2017

Mauritius' State Trading Corporation has asked the country's highest court to set aside a US$120 million SIAC award two months after Australian arbitrator Michael Pryles found it liable in a dispute with a shipping company over the transportation of petroleum from India.

Kurdistan settles multibillion-dollar gas dispute

Kurdistan settles multibillion-dollar gas dispute

31 August 2017

The Iraqi region of Kurdistan will pay a United Arab Emirates consortium US$1 billion and grant it new oil and gas exploration blocks to settle one of the highest-value gas disputes in the Middle East, with claims valued at over US$39 billion.