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Enforcement and Set-Aside

An FG Hemisphere for Dubai?

An FG Hemisphere for Dubai?

14 August 2017

The courts of the Dubai International Financial Centre are to decide whether they can rule on United Arab Emirates law on sovereign immunity, after Kurdistan raised the issue in an attempt to block enforcement of awards worth over US$2 billion in favour of the UAE's Dana Gas and Crescent Petroleum.

Award over Ukrainian version of Forbes stands despite sanctions, US court rules

Award over Ukrainian version of Forbes stands despite sanctions, US court rules

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.

"Second wave" Yukos case to resume after Swiss ruling

"Second wave" Yukos case to resume after Swiss ruling

08 August 2017

Switzerland's highest court has allowed a US$13 billion Energy Charter Treaty arbitration over the collapse of Yukos to resume after finding that Russia's challenge to an interim award on jurisdiction was premature.

Indian investor asks US court to enforce award annulled in Bolivia

Indian investor asks US court to enforce award annulled in Bolivia

08 August 2017

India's Jindal Steel & Power has applied to a court in Washington, DC, to confirm a US$22.5 million ICC award over an iron ore project, despite it being partially set aside at the seat of arbitration, Bolivia.

Creditor bottles out of enforcing Venezuela award

Creditor bottles out of enforcing Venezuela award

04 August 2017

US bottle manufacturer Owens-Illinois has sold its interest in a US$455 million ICSID award against Venezuela to a third party which can seek to enforce in its place - but it may be required to repay the buyer if an ad hoc committee decides to annul the award in whole or in part.

London court blocks enforcement of award set aside in Russia

London court blocks enforcement of award set aside in Russia

03 August 2017

Global steel producer NMLK has staved off an attempt in London to enforce an arbitral award that has been set aside in Russia, after a court ruled the Russian judgment was not "so extreme and incorrect" that it could only have been reached by bias.

Beijing court enforces HKIAC goldmine award

Beijing court enforces HKIAC goldmine award

27 July 2017

An Australian mining company has won enforcement in Beijing of an HKIAC award against a Chinese company over a breached share purchase agreement relating to a South African gold mine.

ICSID creditor takes award from New York to DC

ICSID creditor takes award from New York to DC

26 July 2017

US oil services group Tidewater has asked a court in Washington, DC, to enforce an ICSID award against Venezuela, after a Second Circuit ruling cast a shadow over the recognition of the same award in New York.

US appeal court upholds award "de-enforcement"

US appeal court upholds award "de-enforcement"

24 July 2017

A US appeal court has upheld a lower court's controversial decision to reverse its own enforcement of a US$57 million UNCITRAL award against Laos after it was set aside at the seat of arbitration, Malaysia.