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Commercial Arbitration

Total and Sonatrach to drop ICC claims

Total and Sonatrach to drop ICC claims

08 May 2017

French energy company Total and Algeria’s national oil and gas producer Sonatrach have agreed to drop claims against one another that were being heard by two ICC tribunals seated in Geneva.

Annulled Pemex award can’t be enforced in Luxembourg

Annulled Pemex award can’t be enforced in Luxembourg

02 May 2017

In a decision at odds with French and US case law, a Luxembourg court has blocked the enforcement of a US$300 million ICC award against Mexican state oil and gas company Pemex that was set aside at the seat of arbitration.

Egyptian state entities on hook for US$2 billion

Egyptian state entities on hook for US$2 billion

02 May 2017

A Swiss court has upheld an ICC award requiring two Egyptian state-owned entities to pay more than US$2 billion for terminating a deal to supply gas to Israel, two weeks after a tribunal in Cairo held the same entities liable in a related case.

ICC names new managing counsel

ICC names new managing counsel

27 April 2017

Slovenian lawyer Ziva Filipic has been named the new managing counsel at the ICC International Court of Arbitration.

Swatch appeal goes like clockwork

Swatch appeal goes like clockwork

25 April 2017

The Amsterdam Court of Appeal has reinstated a US$450 million award in favour of Swiss watchmaker Swatch against US jeweller Tiffany that was set aside two years ago.

Romania faces environmental claim at ICC

Romania faces environmental claim at ICC

25 April 2017

Austrian oil and gas group OMV has filed a €34 million ICC claim against Romania for its alleged failure to pay environmental clean-up costs as agreed during a privatisation deal 12 years ago.

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 Diego 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.