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Commercial Arbitration

Cape Verde settle telecoms claims

Cape Verde settle telecoms claims

23 May 2019

A subsidiary of Brazil’s Oi has settled parallel ICSID and ICC cases against Cape Verde after divesting its minority stake in the African archipelago state’s main telecoms services provider.

UK judge pauses Malaysian fund’s bid to undo LCIA settlement

UK judge pauses Malaysian fund’s bid to undo LCIA settlement

22 May 2019

An English judge has temporarily stayed an attempt by Malaysian sovereign wealth fund 1MDB to challenge an allegedly fraudulent US$5.8 billion settlement of an LCIA dispute with an Abu Dhabi government-owned entity – ruling that a new arbitration should be allowed to proceed first.

Aircraft lease award enforced against UAE group

Aircraft lease award enforced against UAE group

21 May 2019

A US court has confirmed an ICC award worth more than US$51 million against a UAE family-owned company in a dispute over aircraft leases – rejecting arguments that the arbitrators acted in manifest disregard of the law.

Petrobras award upheld despite bribery claims

Petrobras award upheld despite bribery claims

20 May 2019

A US court has confirmed a US$728 million award in favour of an offshore drilling contractor against Petrobras – rejecting the Brazilian state oil and gas company’s arguments that the tribunal overlooked evidence of bribery and that arbitrator Charles N Brower showed “open hostility” during the hearing.

LCIA rules on dispute over Kurdistan settlement

LCIA rules on dispute over Kurdistan settlement

16 May 2019

Two Emirati energy companies have prevailed in an LCIA claim against a consortium partner that contested their decision to settle a US$39 billion dispute with the Kurdistan regional government of Iraq two years ago.

Korean banking group knocks out billion-dollar ICC claim

Korean banking group knocks out billion-dollar ICC claim

15 May 2019

A Korean banking group has defeated an ICC claim reportedly worth US$1.4 billion brought by US private equity firm Lone Star Funds – which continues to pursue a related multibillion-dollar ICSID claim against the Korean state.

Panama court sets aside award against non-signatories

Panama court sets aside award against non-signatories

14 May 2019

The Panamanian Supreme Court has partially annulled an award in favour of an Ecuadorean port authority that held affiliates of a Hong Kong conglomerate liable under a concession contract that they had not signed.

Iraqi state entity faces US enforcement bid

14 May 2019

A Canadian engineering company has asked a US court to confirm an ICC award against an Iraqi state-owned company in a dispute over the development of an oil field in southern Iraq.

Merger partners see eye to eye on ICC case

Merger partners see eye to eye on ICC case

13 May 2019

The Italian and French partners in a €50 billion merger that created the world’s largest eyewear maker, EssilorLuxottica, have settled an ICC dispute over the company’s governance.

Saipem and Gazprom settle billion-euro pipeline dispute

Saipem and Gazprom settle billion-euro pipeline dispute

09 May 2019

Italian engineering group Saipem and a subsidiary of Russian state-owned gas producer Gazprom have settled a €1.3 billion ICC dispute over a cancelled project to build a gas pipeline between Russia and southern Europe.