Topic: Bribery and corruption

A Stockholm Chamber of Commerce tribunal has rejected claims that a Ukrainian gas joint-venture agreement was procured through collusion or corruption, while ruling it must be terminated because changed circumstances including a royalty hike on gas sales have made it unworkable.

16 July 2018

A Cayman offshore drilling company has asked a US court to enforce a US$622 million ICDR award against Petrobras over the early termination of a contract that the Brazilian state-owned company alleges was procured through bribery.

03 July 2018

A Florida court has confirmed an ICDR award that rescinded an Australian company’s purchase of an Ecuadorean engineering consultancy in light of evidence that the sellers had engaged in a “far-reaching and intricate bribery scheme” to procure government contracts.

29 May 2018

A Singapore court has upheld a US$149 million ICC award in a dispute over a power plant in Guatemala – rejecting arguments that the tribunal unfairly restricted one side’s access to evidence and failed in a duty to investigate corruption allegations.

27 April 2018

UPDATED. Embattled construction group Saipem has reached a deal with Algerian state oil and gas company Sonatrach to settle four ICC arbitrations worth billions of euros over projects that Italian prosecutors allege were procured through bribery.

28 March 2018

A Cairo-seated tribunal has rejected a Spanish company’s price adjustment claim against an Egyptian state-owned gas supplier while dismissing allegations that the underlying contract was procured through corruption – part of a dispute over an LNG plant that has spawned two other pending cases worth US$3 billion.

13 March 2018

Details of a bribery scheme allegedly implicating Ecuador’s vice president and a former energy minister have come to light thanks to an ICDR award that is now the subject of enforcement proceedings in Florida.

06 November 2017

UPDATED. The East African state of Djibouti has lost its claim against a Dubai state-owned ports operator after an LCIA tribunal rejected allegations that a concession to operate Africa’s largest container terminal was secured through bribery.

22 February 2017

The English Commercial Court has refused to declare that a tribunal was validly constituted in a shipping dispute involving an alleged US$5 million bribe to a son of former Libyan president Muammar Gadaffi – raising questions over the continued existence of one of the parties.

20 January 2017

Yves Fortier QC is to chair a newly formed enforcement committee at the European Bank of Reconstruction and Development (EBRD), as it declares a “zero tolerance” stance on corruption.

20 September 2016