02 November 2016
A US appeals court has refused to reconsider its decision to enforce a US$300 million ICC award against Mexico’s national oil company Pemex that was set aside at the Mexican seat of arbitration.
Premium article - 31 October 2016
Third-party funder Therium Capital Management has won a contempt ruling against a retired trader who fled the UK with the proceeds of a litigation it financed, as it pursues an LCIA claim to recover its fees.
Premium article - 28 October 2016
In one of the largest commercial arbitrations of recent times, Telecom Italia has defeated a US$15 billion ICC claim brought by former business partners in Brazil who alleged they were deceived and coerced into settling a shareholder dispute more than a decade ago.
Premium article - 25 October 2016
UPDATED. In a speech in Delhi, the chair of the LCIA board J William Rowley QC has set out five fundamental changes needed for India to achieve its goal of being a global hub for international arbitration, saying that a country poised for global economic leadership "simply must commit to putting in place a world standard of dispute resolution".
Premium article - 19 October 2016
Algeria’s national oil and gas company Sonatrach has claimed victory in a US$240 million ICC claim brought by Spain’s Repsol and its Korean partners over a tax on windfall profits.
Premium article - 17 October 2016
UPDATED. The respondents in a Stockholm-seated arbitration have challenged their own appointee to the tribunal along with the chair, after the former complained in an accidentally sent e-mail that their counsel were getting "above their station" and that he was "rather sick of these parties".
Premium article - 11 October 2016
A consortium led by the US’s Hunt Oil has filed an ICC claim after it was hit with additional invoices for gas supplied from one of Peru’s largest natural gas projects in the wake of an ICSID ruling last year.
Premium article - 10 October 2016
CORRECTED. A Singapore International Arbitration Centre study, based on cases filed under its old 2013 rules, shows that most cases took less than a year and cost less than US$30,000 though the average length and cost was higher.
Premium article - 07 October 2016
UPDATED. Japanese mobile phone company NTT Docomo has taken its effort to enforce a US$1.17 billion LCIA award against Tata to New York, while the Indian group has filed evidence in London to oppose an ex parte enforcement order that has already been granted.
Premium article - 04 October 2016
The independence of a sole arbitrator at CMS in Zurich was not compromised as a result of counsel work undertaken by another firm in the CMS network, a Swiss court has ruled.