“Well known” arbitrator sees award set aside in London
The ICC arbitrator eventually reasoned that declaratory relief was appropriate in order to resolve a banking dispute (Credit: iStock/ALLVISIONN)
The Commercial Court in London has partially set aside an ICC award in a US$75 million banking dispute because of “serious irregularity” while declining to remove the sole arbitrator – who is described as “a very senior English QC, well known and highly regarded in the world of international commercial arbitration”.
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