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Commercial Arbitration

Turkey wins price cut on gas from Iran

Turkey wins price cut on gas from Iran

Premium article - 10 February 2016

An ICC tribunal has ordered the National Iranian Gas Company to grant a discount on the price of gas exports to Turkey, in the latest round of a multibillion-dollar dispute over a 25-year supply agreement.

OGX scolded for seeking to halt LCIA claim

OGX scolded for seeking to halt LCIA claim

Premium article - 09 February 2016

The High Court in London has criticised insolvent Brazilian oil and gas company OGX for seeking to frustrate an LCIA arbitration by means of an application to have a Brazilian court-approved reorganisation plan recognised in the UK.

Israel wins gas supply claim against Egypt

Israel wins gas supply claim against Egypt

Premium article - 07 December 2015

An ICC tribunal has ordered two Egyptian state entities to pay over US$2 billion to Israeli and Egyptian parties for terminating a gas supply agreement in the wake of the Arab Spring, as final awards are awaited in three related arbitrations.

Ecuador wins claim over cancelled port deal

Ecuador wins claim over cancelled port deal

Premium article - 02 December 2015

An Ecuadorean port authority has won a claim against subsidiaries of Hong Kong conglomerate CK Hutchison Holdings over a terminated concession – with the tribunal chair dissenting from his co-arbitrators’ decision to extend liability to parties that never signed the contract.

Ukrainian oligarchs settle metal dispute

Ukrainian oligarchs settle metal dispute

Premium article - 13 October 2015

Four of Ukraine’s wealthiest businessmen have settled an LCIA dispute over a ferroalloys venture that has also given rise to an acrimonious US$2 billion litigation before the High Court in London.

Sydney court upholds “severed” award in Abu Dhabi airport case

Sydney court upholds “severed” award in Abu Dhabi airport case

Premium article - 02 September 2015

An appeal court in Sydney has affirmed that a UAE award against an Australian designer of airport facilities can be partly enforced, even though a portion of the award breached natural justice.

Gazprom faces Polish price review claim

Gazprom faces Polish price review claim

Premium article - 15 May 2015

UPDATED. Poland’s state gas utility PGNiG has brought another price review claim against Gazprom – as more of the cast list for two high-value SCC arbitrations between the Russian energy company and Ukraine’s Naftogaz comes to light.

Sony e-mails show who’s batting in cricket case

Sony e-mails show who’s batting in cricket case

Premium article - 24 April 2015

A haul of internal Sony e-mails published by WikiLeaks has revealed the cast list for an ICC arbitration in Singapore concerning media rights for Indian Premier League cricket.

PetroChina faces billion-dollar UNCITRAL claim

PetroChina faces billion-dollar UNCITRAL claim

Premium article - 10 April 2015

China’s largest company has been hit with a US$1.8 billion claim filed by a Canadian energy company over alleged breaches of an agreement to mine coalbed methane in the north west of China.

Citigroup fails to halt Abu Dhabi claim

Citigroup fails to halt Abu Dhabi claim

Premium article - 15 January 2015

US financial services provider Citigroup has again failed to prevent a UAE sovereign wealth fund from bringing a second arbitration over a US$7.5 billion investment.