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Commercial Arbitration

Honours even in Spanish-Colombian ethanol plant dispute

Honours even in Spanish-Colombian ethanol plant dispute

Premium article - 04 April 2017

An ICC tribunal has issued an award in a US$57 million dispute between Spanish construction group Isolux Corsán and a subsidiary of Colombia’s national oil company Ecopetrol over the construction of an ethanol production plant in Ecuador – awarding damages to both sides.

Indian broadcaster goes for ‘six’ and gets clean bowled

Indian broadcaster goes for ‘six’ and gets clean bowled

Premium article - 03 April 2017

An Indian television broadcaster has lost a five-year-long arbitration with the country’s cricket board over broadcasting rights, in which it reportedly sought over US$600 million.

No second chance for Lippo, rules Hong Kong court

No second chance for Lippo, rules Hong Kong court

Premium article - 31 March 2017

Hong Kong’s court of appeal has rejected a request by Indonesia’s Lippo Group to challenge a US$130 million SIAC award before the highest court in the special administrative region – a move that continues to set the city’s jurisprudence at odds with that of Singapore, where the courts have refused to uphold the bulk of the award.

Angola faces claim from US oil company

Angola faces claim from US oil company

Premium article - 28 March 2017

US oil company Cobalt International has threatened Angola’s state-run Sonangol with an ICC claim after it walked away from a US$1.8 billion deal to buy its operating stake in two oil-rich deepwater blocks off the coast of the African state.

Show must go on, rules Singapore court in ICC dispute

Show must go on, rules Singapore court in ICC dispute

Premium article - 28 March 2017

A Singaporean court has ruled that consolidated ICC proceedings between Canadian and South Korean food retailers must continue while the company challenges the tribunal’s jurisdiction in court – finding there were no special circumstances to justify a stay of the arbitration.

Ontario passes new law

Ontario passes new law

Premium article - 24 March 2017

Ontario has passed a new international commercial arbitration act to bring the province’s arbitration regime in line with international standards and provide greater clarity on certain matters.

Chinese nuclear company threatened with claim over Namibian mine

Chinese nuclear company threatened with claim over Namibian mine

Premium article - 24 March 2017

An Australian uranium production company looks set to bring a SIAC claim against the Hong Kong subsidiary of the China National Nuclear Corporation after the state-owned entity began taking steps to acquire its stake in a mine in Namibia.

Abu Dhabi fund won’t challenge Citigroup award

Abu Dhabi fund won’t challenge Citigroup award

Premium article - 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

Premium article - 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.

Chevron stay upheld in LNG jetty dispute

Chevron stay upheld in LNG jetty dispute

Premium article - 21 March 2017

A California district court has reaffirmed its decision to stay a US$1.5 billion litigation against Chevron over the construction of a jetty for a liquefied natural gas project in Western Australia, pending the outcome of an arbitration.