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Commercial Arbitration

Georgia sees billion-dollar dispute come into port

Georgia sees billion-dollar dispute come into port

30 July 2020

Georgia is facing parallel ICC and ICSID claims collectively worth more than US$1 billion over its cancellation of a contract to develop a deep-water port.

Claims filed over multibillion-euro eyewear merger

Claims filed over multibillion-euro eyewear merger

30 July 2020

Franco-Italian eyewear group EssilorLuxottica is facing a pair of arbitrations over its planned €5.5 billion purchase of a rival Dutch brand, after raising concerns about measures taken by the target company to mitigate the impact of covid-19.

Germany fights claim over cancelled toll project

Germany fights claim over cancelled toll project

29 July 2020

Germany is defending a €560 million claim at the German Institution of Arbitration (DIS), filed by two joint venture partners after their contract to build and operate a toll system was cancelled.

Malaysian plantations agency heads to SIAC

Malaysian plantations agency heads to SIAC

29 July 2020

The Singapore International Arbitration Centre is hearing a US$500 million dispute between a scandal-ridden Malaysian government agency and an Indonesian conglomerate arising from the controversial purchase of a stake in a plantations company.

Ukrainian state entity reports win in arms dispute

Ukrainian state entity reports win in arms dispute

28 July 2020

A Ukrainian state-owned defence contractor says it has won almost US$9 million in an SCC claim against a US company whose management it accused of embezzling funds relating to a production line for projectile shells.

Hilton can quiz partner over assets in Maldives

Hilton can quiz partner over assets in Maldives

27 July 2020

The Singapore Court of Appeal has ruled that US hotel group Hilton can gather information about assets in the Maldives held by its former business partner to help execute a pair of ICC awards – even though the Maldivian courts have so far denied enforcement.

Spain and France not immune from oil spill suits

Spain and France not immune from oil spill suits

24 July 2020

The Commercial Court in London has ruled that Spain and France cannot invoke sovereign immunity to avoid litigation brought by an insurance club over the two states’ alleged failure to honour arbitral awards relating to an oil spill in the Atlantic 18 years ago.

Argentine grid manager faces PCA claim

Argentine grid manager faces PCA claim

23 July 2020

A US-owned renewables producer has launched a claim at the Permanent Court of Arbitration against Argentina’s electricity market manager after a contract it had to build a solar park was rescinded.

Shell faces challenge to Malaysian oil platform award

Shell faces challenge to Malaysian oil platform award

22 July 2020

A Malaysian state-owned shipping company has applied to set aside an award worth over US$340 million won by a Shell subsidiary at the Asian International Arbitration Centre in a dispute over one of the country’s largest offshore oil fields.

ICSID claimant pursues Tajik bank over Swiss award

ICSID claimant pursues Tajik bank over Swiss award

22 July 2020

An Austrian businessman has sought to enforce a Swiss Chambers award worth US$25 million against a Tajik state-owned bank after agreeing to suspend a related ICSID claim.