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Commercial Arbitration

Guatemalan hydro dispute settles in Miami

Guatemalan hydro dispute settles in Miami

19 January 2018

A Spanish engineering group has abandoned its efforts to set aside a US$28 million ICC award after settling a dispute with an Italian subcontractor over the construction of a water tunnel for a hydroelectric power plant in Guatemala.

ICC award set aside in Paris in Russian-Ukrainian dispute

ICC award set aside in Paris in Russian-Ukrainian dispute

18 January 2018

A Russian company has secured the rare set aside of an ICC award in France on public policy grounds, in a dispute with Ukrainian companies over the transfer of shares in a gold mining company in Laos.

ArcelorMittal seeks to enforce billion dollar award

ArcelorMittal seeks to enforce billion dollar award

17 January 2018

The world’s largest steel company ArcelorMittal has asked a US court to enforce a US$1.4 billion ICC award against Indian conglomerate Essar arising from a Minneapolis-seated arbitration.

Airbus to pay Taiwan over arms deal

Airbus to pay Taiwan over arms deal

16 January 2018

In the second ICC award in favour of Taiwan in recent months, a tribunal has ordered Airbus to pay the island €104 million in a dispute over its role in an arms deal.

Naftogaz and Gazprom both declare win in pricing dispute

Naftogaz and Gazprom both declare win in pricing dispute

16 January 2018

One of the highest-value commercial arbitrations known to date – a US$71 billion gas pricing dispute between the state-owned gas companies of Russia and Ukraine – has ended in a final award which each side says is in their favour.

Hong Kong tribunal orders payment by Gobi Desert mining company

Hong Kong tribunal orders payment by Gobi Desert mining company

11 January 2018

A Hong Kong-seated tribunal has ordered a Canadian mining company operating in Mongolia's Gobi Desert to return a US$11.5 million payment in a dispute over an agreement to supply coal.

Double win for Libya at ICC

Double win for Libya at ICC

08 January 2018

UPDATED. Two ICC arbitrations valued at over US$1.4 billion have ended in wins for Libya's National Oil Corporation, with tribunals ‎dismissing claims brought by the Emirati owner-operators of the country's biggest refinery and – in the most recent case – allowing a US$116 million counterclaim.

Angolan oil dispute ready to settle

Angolan oil dispute ready to settle

04 January 2018

After filing for bankruptcy protection, US company Cobalt International Energy has agreed to settle a dispute with Angola’s national oil and gas company Sonangol over two offshore oil blocks that gave rise to a pair of ICC arbitrations worth more than US$2 billion.

Nuclear tax row leads to ICC award

Nuclear tax row leads to ICC award

03 January 2018

German energy group E.ON has won an ICC award in a Geneva-seated dispute with a subsidiary of French power utility Engie over nuclear power tax payments.

YPF settles gas exports saga

YPF settles gas exports saga

02 January 2018

Argentina’s national oil and gas operator YPF has paid US$114 million to a local gas pipeline company to satisfy an ICC award, ending a dispute that had its roots in the country’s energy crisis of more than a decade ago.