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Commercial Arbitration

Kurdistan settles multibillion-dollar gas dispute

Kurdistan settles multibillion-dollar gas dispute

31 August 2017

The Iraqi region of Kurdistan will pay a United Arab Emirates consortium US$1 billion and grant it new oil and gas exploration blocks to settle one of the highest-value gas disputes in the Middle East, with claims valued at over US$39 billion.

Russian bank pursues troubled Croatian food group

Russian bank pursues troubled Croatian food group

29 August 2017

Russia's Sberbank is pursuing an LCIA claim against Croatia's financially troubled food retail group Agrokor - the largest employer in the Balkan region - seeking to recover bank loans worth €450 million.

Lippo gets last chance in Hong Kong court

Lippo gets last chance in Hong Kong court

22 August 2017

Hong Kong's highest court has given Indonesia's Lippo Group a final chance to challenge the enforcement of five SIAC awards totalling US$130 million issued in favour of Malaysian broadcasting group Astro and already refused enforcement in Singapore.

No stay in favour of arbitration, says Hong Kong court

No stay in favour of arbitration, says Hong Kong court

21 August 2017

Hong Kong's High Court has refused to stay an application for injunctive relief brought by a local company against its joint venture partner in the British Virgin Islands pending the outcome of an arbitration relating to a commercial development in the Chinese city of Nanjing.

Georgia faces another claim over electricity tariffs

Georgia faces another claim over electricity tariffs

17 August 2017

UPDATED. Two Dutch energy companies have filed for ICSID arbitration against Georgia over electricity tariffs, adding to related commercial claims already filed at the Arbitration Institute of the Stockholm Chamber of Commerce.

US court hears challenge to SIAC "gag order"

US court hears challenge to SIAC "gag order"

16 August 2017

Japanese electronics company Sharp has asked a US court to block a SIAC emergency arbitrator's confidentiality order prohibiting public discussion of an arbitration with a Chinese licensee - which it says breaches its right to free speech under the US Constitution.

Unsunny outcome for Algerian solar power plant claimant

Unsunny outcome for Algerian solar power plant claimant

16 August 2017

An ICC International Court of Arbitration tribunal has dismissed claims worth over €100 million in relation to a terminated project to build the first integrated solar module plant in Algeria.

Indian Supreme Court halts hospital sale at behest of award creditor

Indian Supreme Court halts hospital sale at behest of award creditor

11 August 2017

Japanese drugmaker Daiichi Sankyo has persuaded the Indian Supreme Court to temporarily halt two Indian brothers' planned sale of their stake in a hospital chain, as it seeks to enforce a US$525 million ICC award against them.

Award over Ukrainian version of Forbes stands despite sanctions

Award over Ukrainian version of Forbes stands despite sanctions

11 August 2017

A US court has refused to set aside the award in a dispute over the Ukrainian version of Forbes magazine - denying that the New York-seated case should have been halted after the owner of the publishing rights was placed on the US sanctions list because of his ties to exiled president Viktor Yanukovych.

Israeli debtor seeks to take venue ruling to US Supreme Court

Israeli debtor seeks to take venue ruling to US Supreme Court

09 August 2017

An Israeli real estate company is to ask the US Supreme Court to rule on whether arbitrators' decisions on the venue of an international arbitration deserve greater judicial oversight.