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Commercial Arbitration

Abu Dhabi fund won’t challenge Citigroup award

Abu Dhabi fund won’t challenge Citigroup award

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.

PetroChina submits to arbitration after five-year battle

PetroChina submits to arbitration after five-year battle

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.

Kabul power plant award upheld in UK

Kabul power plant award upheld in UK

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.

Back to the races: another DIAC claim in Dubai track dispute

Back to the races: another DIAC claim in Dubai track dispute

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.

Citigroup wins second award against Abu Dhabi fund

Citigroup wins second award against Abu Dhabi fund

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.

Dow fails to weed out patent award

Dow fails to weed out patent award

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".

Tata and Docomo end multi-front enforcement battle

Tata and Docomo end multi-front enforcement battle

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.

Sole arbitrator rules on Romanian call option

Sole arbitrator rules on Romanian call option

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.

Trinidad natural gas dispute taken to US court

Trinidad natural gas dispute taken to US court

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.

Headache over for GlaxoSmithKline

Headache over for GlaxoSmithKline

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.

More questions than answers after Second Circuit ruling

More questions than answers after Second Circuit ruling

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.

UK Supreme Court hears New York Convention appeal

UK Supreme Court hears New York Convention appeal

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.