France’s highest court has upheld the annulment of a controversial arbitral award in favour of businessman Bernard Tapie, ruling that the award was procured by “fraudulent collaboration” between him, his counsel and one of the arbitrators.
After 30 years at Simpson Thacher & Bartlett and 10 years leading the international arbitration practice, New Yorker Robert Smit retires from the firm today to establish a practice as an arbitrator, among other activities.
After providing a first glimpse of its new rules at GAR Live in May, the Singapore International Arbitration Centre will tomorrow publish the finalised version online, with a month to go before they take effect.
UPDATED. In a development hailed as signalling a change of direction for Saudi Arabia in the wake of new arbitration and enforcement laws, a court in Riyadh has confirmed that a US$18.5 million ICC arbitral award will be enforced against a Saudi-domiciled debtor.
The United Nations Conference on Trade & Development has released its 2016 World Investment Report, exploring how investor-state disputes are affected by corporations and investors with ambiguous nationalities, among other matters.
A claimant did not act unethically by making late submissions in a Permanent Court of Arbitration case against Cape Verde, according to Spanish sole arbitrator Juan Fernández-Armesto in an award being considered for enforcement in Washington, DC.
A US court has confirmed a US$476 million award in favour of a General Electric subsidiary but has refused to allow enforcement against the debtor company’s Chinese CEO or alleged alter ego companies that weren’t parties to the arbitration.
For the first time in its 93-year history, the ICC International Court of Arbitration has begun disclosing the composition of its tribunals – calling it a “major step forward” for transparency in arbitration.
A New York court has confirmed an ICC award in favour of French power group Alstom, which held that a Brazilian subsidiary of Japanese insurer Mitsui Sumitomo was bound by an arbitration agreement it had not signed.