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Commercial Arbitration

Ukraine’s Privatbank faces multiple claims over bail-in

Ukraine’s Privatbank faces multiple claims over bail-in

18 May 2017

Noteholders in recently nationalised Ukrainian bank Privatbank are filing multiple claims against the bank after they were subjected to a “bail-in” to save it last year.

Asymmetric disputes clause upheld in Singapore

Asymmetric disputes clause upheld in Singapore

17 May 2017

The Singapore Court of Appeal has confirmed the validity of an asymmetric arbitration clause, upholding a party’s unilateral right not to arbitrate a dispute over marine engineering works near the Indian Ocean Island of Diego Garcia.

Shareholders’ dispute bubbles up in Australia

Shareholders’ dispute bubbles up in Australia

11 May 2017

An Australian court has ruled that a dispute between shareholders in the only publicly-listed bubble tea company in Taiwan should be resolved through UNCITRAL arbitration and administered by the Hong Kong International Arbitration Centre.

Veolia-Lithuania dispute heats up

Veolia-Lithuania dispute heats up

09 May 2017

UPDATED - French utility company Veolia has been threatened with €200 million of further claims in a Stockholm arbitration over the operation of a heating system in Lithuania’s capital, Vilnius – while a parallel €100 million ICSID claim brought by the company against the state continues.

Total and Sonatrach to drop ICC claims

Total and Sonatrach to drop ICC claims

08 May 2017

French energy company Total and Algeria’s national oil and gas producer Sonatrach have agreed to drop claims against one another that were being heard by two ICC tribunals seated in Geneva.

Annulled Pemex award can’t be enforced in Luxembourg

Annulled Pemex award can’t be enforced in Luxembourg

02 May 2017

In a decision at odds with French and US case law, a Luxembourg court has blocked the enforcement of a US$300 million ICC award against Mexican state oil and gas company Pemex that was set aside at the seat of arbitration.

Egyptian state entities on hook for US$2 billion

Egyptian state entities on hook for US$2 billion

02 May 2017

A Swiss court has upheld an ICC award requiring two Egyptian state-owned entities to pay more than US$2 billion for terminating a deal to supply gas to Israel, two weeks after a tribunal in Cairo held the same entities liable in a related case.

ICC names new managing counsel

ICC names new managing counsel

27 April 2017

Slovenian lawyer Ziva Filipic has been named the new managing counsel at the ICC International Court of Arbitration.

Swatch appeal goes like clockwork

Swatch appeal goes like clockwork

25 April 2017

The Amsterdam Court of Appeal has reinstated a US$450 million award in favour of Swiss watchmaker Swatch against US jeweller Tiffany that was set aside two years ago.

Romania faces environmental claim at ICC

Romania faces environmental claim at ICC

25 April 2017

Austrian oil and gas group OMV has filed a €34 million ICC claim against Romania for its alleged failure to pay environmental clean-up costs as agreed during a privatisation deal 12 years ago.