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GE enforces, but not against “alter egos”

Tuesday, 28 June 2016

Alter egos

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.

ICC begins publishing arbitrator names

Tuesday, 28 June 2016

Who's who?

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.

Alstom award enforced against non-signatory

Tuesday, 28 June 2016

The Alunorte alumina refinery in Brazil

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.

United States hit with mega-claim over Keystone XL pipeline

Monday, 27 June 2016

Demonstrators protesting the Keystone XL pipeline

Calgary-based energy company TransCanada has made good on its threat to bring a US$15 billion NAFTA claim against the United States over the refusal to approve the expansion of an international oil pipeline.

Fight over Venezuela award leads to UK arrest

Monday, 27 June 2016

Martin Graham

A London executive at US distressed-debt firm Oaktree Capital risks extradition to the United Arab Emirates after being accused of stealing part of the proceeds of a US$644 million arbitral award against Venezuelan state entity PDVSA.

Brexit will not harm London as a seat, say leading UK figures

Monday, 27 June 2016

The London skyline

UPDATED. Leading figures in arbitration in the UK have dismissed speculation that the country’s vote in last week's referendum to leave the EU will harm London as a seat.

Billion-dollar win for Tata’s Japanese partner

Friday, 24 June 2016

Tata

An LCIA tribunal has ordered India’s Tata Group to pay US$1.17 billion in damages to Japan’s largest mobile operator in a dispute over the latter’s exit from a telecoms venture.

Reactions to Brexit from London, Edinburgh and Istanbul

Friday, 24 June 2016

The result is in

UPDATED. Arbitral bodies in the UK have reassured users that it is business as usual after the country voted to leave the European Union in a referendum yesterday, while delegates at GAR Live Istanbul expressed their shock at the outcome.

Deal struck for awards from Abu Dhabi freezone

Friday, 24 June 2016

Abu Dhabi skyline

The United Arab Emirates Ministry of Justice and the Abu Dhabi Global Market (ADGM) have agreed to take steps to ensure awards issued in the financial free zone can be enforced across the UAE through a memorandum of understanding.

Young A&O lawyer goes solo in Madrid

Friday, 24 June 2016

Victor Bonnin Reynes

Former Allen & Overy senior associate Victor Bonnin Reynes has left the firm to establish his own boutique in Madrid, with plans to act as arbitrator and counsel in small and medium-sized disputes.

Lithuania loses to Gazprom in Stockholm

Thursday, 23 June 2016

Cathedral Square in Vilnius

Lithuania has failed in an attempt to secure almost US$2 billion in compensation, after a tribunal in Stockholm rejected arguments that Gazprom as the state's monopoly gas supplier charged “unfair prices”.

Libya's appeal over treaty award fails in France

Thursday, 23 June 2016

The planned tourist complex in Tajura, which was never built

A Kuwaiti construction company’s US$936 million award against Libya under a little-known investment treaty can be enforced in France, following a ruling of the country's highest court.

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