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Commercial Arbitration

Malaysia’s 1MDB settles LCIA claim

Malaysia’s 1MDB settles LCIA claim

24 April 2017

Scandal-plagued Malaysian sovereign wealth fund 1MDB has agreed to settle a US$6.5 billion LCIA dispute with a United Arab Emirates investment fund against the backdrop of anti-corruption investigations in multiple jurisdictions.

PetroChina affirms consent to arbitrate Chad oil dispute – but with a footnote

PetroChina affirms consent to arbitrate Chad oil dispute – but with a footnote

21 April 2017

Amid doubt over whether they are alter egos or successors of a Swiss oil company that fell out with a US partner, PetroChina and five other Chinese state-owned companies have confirmed their consent to taking part in a planned arbitration in Texas over central African oil and gas fields that was reported by GAR last month.

El Salvador pursues Pac Rim and defeats motorway claim

El Salvador pursues Pac Rim and defeats motorway claim

19 April 2017

As El Salvador freezes the assets of a failed ICSID claimant to collect on a costs award, the state has reported a “new victory” in an unrelated arbitration over a project to extend one of the country’s largest motorways.

BlackBerry wins royalty dispute in US

BlackBerry wins royalty dispute in US

13 April 2017

An arbitral tribunal in San Francisco has awarded US$814.9 million to BlackBerry in a dispute over a licensing agreement after finding that the Canadian company had overpaid royalties to its US chip supplier.

Pemex settles Commisa case

Pemex settles Commisa case

11 April 2017

Mexico’s national oil company has settled a 13-year-old dispute with US engineering company KBR, ending a long-running fight over the enforcement of a US$300 million ICC award that has been set aside in Mexico and upheld in New York.

“Barebones” submission provides no evidence of arbitrator bias, says Puerto Rican court

“Barebones” submission provides no evidence of arbitrator bias, says Puerto Rican court

06 April 2017

A Puerto Rican court has enforced an arbitral award in favour of three subsidiaries of Swiss bank UBS, after finding that a local employees’ association had failed to produce evidence backing up its allegations of arbitrator bias and misconduct.

Honours even in Spanish-Colombian ethanol plant dispute

Honours even in Spanish-Colombian ethanol plant dispute

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

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

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

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.