Chinese state-owned energy company Sinopec has won a US$64 million award against Ecuador’s national oil company over three Amazonian projects, a case that saw Quinn Emanuel partner David Orta disqualified as arbitrator because of his ties to the claimant’s counsel.
A Rwandan state entity has lost a US$80 million UNCITRAL claim against the UK-owned operator of a first-of-its-kind power plant on one of Africa’s Great Lakes.
Ghana’s opposition party has raised concerns that the country could be saddled with a multibillion-dollar arbitral debt thanks to government directives requiring Italy’s Eni and its Swiss partner to merge their oilfield with that of a rival operator.
A Lithuanian state-controlled energy company says it has won a Stockholm Chamber of Commerce award holding a Polish contractor liable in a dispute over a €150 million contract for an unfinished biomass …
Rukia Baruti, a long-time promoter of diversity in arbitration and the secretary general of the African Arbitration Association, has joined the board of Burford Capital.
Japanese oil and gas producer Inpex has filed a US$970 million ICC claim against a Korean shipbuilder over delays and defects in the commissioning of a storage vessel for an offshore project.
The half-brother of UK prime minister Boris Johnson has warned he may bring a US$50 million investment treaty claim against Mongolia for denial of justice over its failure to pursue a fraud prosecution against his local business partner.
The High Court in London has affirmed that Volterra Fietta is not entitled to any of the nearly US$3 million it billed a client in an investment treaty arbitration under a conditional fee agreement that was found to be unlawful.
Arbitral institutions have welcomed a clarification by the European Union that transactions with Russian state-owned entities are exempt from its sanctions regime where they are strictly necessary to ensure access to arbitral proceedings.
A Singapore-based currency trader has filed a US$2.4 billion ICDR claim seeking to recover loans issued to a crypto hedge fund that it says suffered an “unprecedented implosion” following market volatility.
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