09 December 2016
Bulgaria’s national electricity company NEK has paid €602 million to a Russian state-owned entity to honour an ICC award, ending a politically sensitive dispute over a nuclear power plant that also gave rise to the threat of an investment treaty claim.
09 December 2016
The United Nations Commission on International Trade Law is to review a paper on the impact of insolvency on international arbitrations when it convenes in Vienna in July, with a view to creating clarity as to how the two intersect and even exploring the use of arbitration for cross-border insolvency proceedings.
07 December 2016
In a closely watched case that has divided Asia’s two leading arbitration jurisdictions, Hong Kong’s Court of Appeal has upheld the enforcement of a US$130 million SIAC award against Indonesia’s Lippo Group – even though the bulk of the award has been declared unenforceable by the courts in Singapore.
06 December 2016
COUNSEL REVEALED. A nickel producer partly owned by Russian metals giants Interros and Rusal has filed an LCIA claim worth over US$270 million against a liquidated state mining company in Botswana following the failed purchase of a South African mine.
02 December 2016
In a bid to become a “premier hub” for intellectual property disputes in the Asia-Pacific region, Hong Kong has published a bill proposing to amend its arbitration ordinance to clarify that IP disputes are arbitrable and that enforcement of IP-related awards does not breach public policy.
30 November 2016
Four years after he was admitted for the landmark Astro v Lippo case, English barrister Toby Landau QC has been denied permission to appear in the Singapore courts on behalf of a Chinese client in a challenge to a US$149 million ICC award.
25 November 2016
A German-Austrian energy consortium says it has prevailed in a €1.2 billion ICC dispute with subsidiaries of Japan’s Hitachi group over the construction of a power plant on the Rhine, though the size of the award has been contested.
23 November 2016
A former Russian politician’s worldwide assets have been frozen after a Los Angeles court ruled that his “pattern of avoidance and concealment” would prevent his one-time business partner from successfully enforcing a US$84 million LCIA award in a dispute over a Moscow mall.
23 November 2016
SIAC has become the third international arbitration institution in the past year to publish information on the average costs and duration of arbitration. Katherine Proctor, legal director at Clyde & Co, broadly compares the data concerning cases under SIAC’s 2013 rules with recent data released by the LCIA and the Arbitration Institute of the Stockholm Chamber of Commerce.
22 November 2016
An ICC tribunal has granted Turkish state pipeline company BOTAŞ a retroactive cut in the price of gas from Iran worth several billion dollars while ordering it to pay part of the Iranian side’s legal and arbitration costs.
21 November 2016
The Swiss Chambers' Arbitration Institution has elected a new president and members for its court, as it marks 500 years of Swiss neutrality, 150 years of documented arbitration services by the Swiss chambers and the 1,000th case under the Swiss rules.
16 November 2016
France’s supreme administrative court has ruled for the first time on its power to review international arbitration awards arising from public contracts, partially setting aside an ICC award relating to a liquefied natural gas terminal on the country’s Mediterranean coast.