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Commercial Arbitration

Show must go on, rules Singapore court in ICC dispute

Show must go on, rules Singapore court in ICC dispute

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

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

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

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

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

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.

Kabul power plant award upheld in UK

Kabul power plant award upheld in UK

14 March 2017

An English court has refused to set aside an ICC award won by an Afghan contractor against a US engineering firm in a dispute over the construction of a power station near Kabul’s international airport.

Back to the races: another DIAC claim in Dubai track dispute

Back to the races: another DIAC claim in Dubai track dispute

13 March 2017

Two years after winning a DIAC award in a dispute over the construction of a Dubai racecourse that gave rise to a liability suit against the arbitrators, a Malaysian company and its joint venture partner are facing a fresh claim from a Chinese subcontractor in the same project.

Citigroup wins second award against Abu Dhabi fund

Citigroup wins second award against Abu Dhabi fund

06 March 2017

Citigroup appears to have prevailed in the second of two multibillion-dollar arbitrations with a United Arab Emirates sovereign wealth fund but its petition to confirm the award in New York has been placed under seal.

Dow fails to weed out patent award

Dow fails to weed out patent award

02 March 2017

A US appeals court has upheld the enforcement of a US$455 million ICC award against a Dow Chemical subsidiary for breach of a patent licence agreement with a German producer of herbicide to kill off highly resistant "superweeds".