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Enforcement and Set-Aside

Crystallex sues New York bank over Venezuela funds

Crystallex sues New York bank over Venezuela funds

15 September 2017

UPDATED: An ICSID creditor has brought a US court action to compel Bank of New York Mellon to hand over funds belonging to the Venezuelan government that are also at issue in an unrelated arbitration in Rio de Janeiro.

Canadian province loses challenge over Exxon royalties

Canadian province loses challenge over Exxon royalties

11 September 2017

The Canadian province of Newfoundland and Labrador has failed to set aside an UNCITRAL award in favour of a consortium led by ExxonMobil in a dispute over royalties from a US$5 billion offshore oil project.

Laos cements set-aside in Malaysia

Laos cements set-aside in Malaysia

11 September 2017

Malaysia's top court has refused to reinstate a US$56 million UNCITRAL award against Laos, a month after it was denied enforcement by a US appeal court.

ICSID panel unmoved by earthquake plea

ICSID panel unmoved by earthquake plea

04 September 2017

An ICSID annulment committee has lifted a stay of enforcement of a US$380 million award in favour of ConocoPhillips against Ecuador, ruling that the state's budgetary pressures - Including the cost of a devastating earthquake - do not justify delaying payment.

Shanghai court refuses to enforce SIAC sole arbitrator's award

Shanghai court refuses to enforce SIAC sole arbitrator's award

30 August 2017

A court in Shanghai has refused to enforce a SIAC award on the grounds that the Singapore institution's use of an expedited procedure with a sole arbitrator breached the parties' agreement that disputes would be resolved by a three-member tribunal.

Arrest follows Tanzanian plane seizure

Arrest follows Tanzanian plane seizure

23 August 2017

A Tanzanian opposition politician has been arrested after breaking the news of a British award creditor's seizure of a new plane ordered for Tanzania's national airline.

DIFC judge cuts through Kurdistan sovereignty defence

DIFC judge cuts through Kurdistan sovereignty defence

22 August 2017

The government of Kurdistan's attempt to assert a sovereign immunity defence against enforcement of a US$2 billion LCIA partial award in the Dubai International Financial Centre has foundered, after an English judge at the DIFC Courts ruled it had already waived its rights.

DC court approves transfer of interest in Belize award as state appeals to top US court

DC court approves transfer of interest in Belize award as state appeals to top US court

22 August 2017

A US district court has approved the transfer of interest in a US$22 million LCIA award against Belize to evade local criminal sanctions, as the central American state appeals the confirmation of another award against it to the Supreme Court.

Baker Botts sees off Yukos discovery bid

Baker Botts sees off Yukos discovery bid

21 August 2017

A US court has refused to compel discovery from Baker Botts and one of its partners in connection with allegations that the firm helped Russian state-owned oil company Rosneft to manipulate the rulings of Armenian judges in Yukos-related matters.

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.