22 March 2017
A United Arab Emirates sovereign wealth fund that lost a US$2 billion ICDR claim against Citigroup over alleged mismanagement during the 2008 global financial crisis says it does not intend to challenge the now public award.
22 March 2017
After four years of resistance, PetroChina and five other Chinese state-owned companies have said they will submit to arbitration with a Texas energy investments company in a dispute over oil and gas fields in Chad, potentially ending a five-year row in the US courts.
14 March 2017
An English court has refused to set aside an ICC award won by an Afghan contractor against a US engineering firm in a dispute over the construction of a power station near Kabul’s international airport.
13 March 2017
Two years after winning a DIAC award in a dispute over the construction of a Dubai racecourse that gave rise to a liability suit against the arbitrators, a Malaysian company and its joint venture partner are facing a fresh claim from a Chinese subcontractor in the same project.
06 March 2017
Citigroup appears to have prevailed in the second of two multibillion-dollar arbitrations with a United Arab Emirates sovereign wealth fund but its petition to confirm the award in New York has been placed under seal.
02 March 2017
A US appeals court has upheld the enforcement of a US$455 million ICC award against a Dow Chemical subsidiary for breach of a patent licence agreement with a German producer of herbicide to kill off highly resistant "superweeds".
28 February 2017
Japanese mobile phone operator NTT Docomo and India’s Tata Sons have entered into a settlement deal to facilitate payment of a US$1.18 billion LCIA award in Docomo’s favour, ending the parties’ enforcement battles in Delhi, New York and London.
20 February 2017
A week after winning €401 million against Italy’s Enel, a Romanian state entity has won part of its counterclaim against an arm of German energy group E.ON, in the latest phase of another major arbitration to arise out of privatisations in Romania’s electricity market.
20 February 2017
A Spanish energy company has applied to a US court to set aside an UNCITRAL award rejecting its claim against a Caribbean liquid natural gas producer – accusing the tribunal of making it “procedurally impossible” for the company to prevail.
07 February 2017
TRIBUNAL ADDED. A Debevoise & Plimpton team has won US$40 million award for GlaxoSmithKline in two ICC arbitrations with fellow pharmaceutical company Pernix over an agreement to manufacture and distribute a leading migraine drug in the US.
06 February 2017
Columbia Law School professor George Bermann finds positive and troubling aspects in a recent Second Circuit decision that gave a group of Brazilian companies a second chance to pursue enforcement of an ICC award against alleged alter egos of the award debtor.
03 February 2017
The UK Supreme Court has heard an appeal by Nigeria’s national oil company against a requirement that it provide security as a condition of challenging the enforcement of a US$340 million award –raising key questions about the interplay of UK procedural law and the New York Convention.