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Commercial Arbitration

Kurdish oil fraud claim dries up in London

Kurdish oil fraud claim dries up in London

Premium article - 04 July 2016

The High Court in London has ruled on a US$500 million fraud claim concerning an oil deal in Iraq’s Kurdistan region – a dispute that gave rise to an ICC case and evidence of unexplained payments to the son of the country's former president.

Telecom Italia sees off Brazilian fraud claim

Telecom Italia sees off Brazilian fraud claim

Premium article - 01 July 2016

An ICC tribunal has dismissed a fraud claim against a Brazilian mobile operator owned by Telecom Italia relating to a merger deal with a prominent Rio de Janeiro businessman.

GE enforces, but not against “alter egos”

GE enforces, but not against “alter egos”

Premium article - 28 June 2016

A US court has confirmed a US$476 million award in favour of a General Electric subsidiary but has refused to allow enforcement against the debtor company’s Chinese CEO or alleged alter ego companies that weren’t parties to the arbitration.

ICC begins publishing arbitrator names

ICC begins publishing arbitrator names

Premium article - 28 June 2016

For the first time in its 93-year history, the ICC International Court of Arbitration has begun disclosing the composition of its tribunals – calling it a “major step forward” for transparency in arbitration.

Alstom award enforced against non-signatory

Alstom award enforced against non-signatory

Premium article - 28 June 2016

A New York court has confirmed an ICC award in favour of French power group Alstom, which held that a Brazilian subsidiary of Japanese insurer Mitsui Sumitomo was bound by an arbitration agreement it had not signed.

Gloves off in Austrian-Thai joint venture dispute

Gloves off in Austrian-Thai joint venture dispute

Premium article - 17 June 2016

An Austrian company has won an ICC arbitration with Thai partners in a joint venture to produce examination gloves for medical use – but two further Swiss arbitrations and satellite litigation in Austria, Thailand and the US continue.

Bulgaria faces payout in nuclear plant dispute

Bulgaria faces payout in nuclear plant dispute

Premium article - 16 June 2016

Russian state-owned nuclear company Atomstroyexport has won €550 million plus interest from Bulgaria’s national electricity company, after a five-year-long dispute that went to ICC arbitration in Geneva.

Malaysian state fund faces claim over debt bailout

Malaysian state fund faces claim over debt bailout

Premium article - 14 June 2016

UPDATED: Embattled Malaysian sovereign wealth fund 1MDB has been hit with a US$6.5 billion LCIA claim from a UAE state entity for allegedly reneging on a bailout deal in the wake of a scandal over missing funds.

GE gets red light for claim against Alstom

GE gets red light for claim against Alstom

Premium article - 08 June 2016

A New York court has temporarily restrained General Electric from pursuing an ICC claim against French transport group Alstom over the US$800 million sale of a rail-signalling business, also calling a halt to emergency arbitrator proceedings.

EDF defeats claims by German federal state

EDF defeats claims by German federal state

Premium article - 13 May 2016

France's EDF International has defeated claims over the controversial sale of its stake in a power company to the German federal state of Baden-Württemberg after an ICC tribunal ruled that there was no state aid involved and that the claims were an abuse of European law.