20 February 2017
A Spanish energy company has applied to a US court to set aside an UNCITRAL award rejecting its claim against a Caribbean liquid natural gas producer – accusing the tribunal of making it “procedurally impossible” for the company to prevail.
13 February 2017
The French Court of Cassation has said that a subsidiary of French group NCT Necotrans is liable to pay Guinea’s unpaid fees from their OHADA arbitration – ruling that the parties still have liability to jointly pay costs even though the institutional rules are silent on the issue.
10 February 2017
In the latest ruling in the Yukos saga, a French first instance court has lifted an attachment on debts owed to Russian state-owned aerospace companies by their French counterpart, Arianespace.
06 February 2017
Columbia Law School professor George Bermann finds positive and troubling aspects in a recent Second Circuit decision that gave a group of Brazilian companies a second chance to pursue enforcement of an ICC award against alleged alter egos of the award debtor.
03 February 2017
The UK Supreme Court has heard an appeal by Nigeria’s national oil company against a requirement that it provide security as a condition of challenging the enforcement of a US$340 million award –raising key questions about the interplay of UK procedural law and the New York Convention.
30 January 2017
Switzerland’s top court has upheld an LCIA award rejecting a US$130 million claim against a Jordanian state-owned fund after finding that the underlying share purchase deal was fraudulent– as it emerges that related ICSID and UNCITRAL claims have been discontinued.
20 January 2017
UPDATED. An English court has rejected a request by Romania to set aside the registration of a US$90 million ICSID award in favour of twin brothers Ioan and Viorel Micula – but stayed the enforcement pending the outcome of ongoing proceedings in the European courts.
19 January 2017
A mansion in New York’s affluent Upper East Side opposite Central Park has been attached by a court to satisfy a US$46 million award against the West African state of Niger in a dispute over a contract to produce biometric and electronic passports.
18 January 2017
A British Virgin Islands-registered commodities group has applied to a court in Miami to enforce a partial award that orders a Venezuelan state mining company to pay security for costs while a US$212 million dispute over iron ore is resolved.
21 December 2016
The English Court of Appeal has upheld a US$84 million LCIA award against a former Russian politician in a dispute over a Moscow mall, only a month after a court in Los Angeles imposed a worldwide freeze on his assets in support of the award.
20 December 2016
An ICSID annulment committee has rejected Argentina’s request to annul a US$59 million award in favour of French water management company Saur International.
16 December 2016
Spanish investment funds with a minority shareholding in Yukos will not be able to appeal a finding that a tribunal chaired by Jan Paulsson lacked jurisdiction to hear their claims in relation to the collapse of the oil company, following a ruling of Sweden’s Supreme Court this week.