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Commercial Arbitration

LCIA claim against Azerbaijani bank allowed with conditions

LCIA claim against Azerbaijani bank allowed with conditions

20 April 2018

An English court has agreed to lift a moratorium that prevented a group of hedge funds from pursuing debt claims in an LCIA proceeding against a restructured bank in Azerbaijan, provided it devises “appropriate undertakings” to ensure the arbitration won’t render futile a pending appeal in which the bank seeks a permanent stay of actions by its creditors in England and Wales.

Indian state energy company brings claim against Sudan

Indian state energy company brings claim against Sudan

17 April 2018

A unit of India’s largest oil and gas company has filed a US$98.4 million claim against Sudan to recover money lost from an oil project hit when South Sudan broke away from the country in 2011 – with further claims likely.

Steelmaker’s billion-dollar award confirmed in Minnesota

Steelmaker’s billion-dollar award confirmed in Minnesota

16 April 2018

A Minnesota court has issued a default judgment confirming an ICC award worth over US$1.4 billion in favour of the US arm of steelmaker ArcelorMittal against an Indian-owned supplier of iron ore pellets.

Shell hit with US$600 million claim over Nigerian oil block

Shell hit with US$600 million claim over Nigerian oil block

12 April 2018

Royal Dutch Shell is facing a US$600 million claim brought by a Nigerian oil company, which accuses Shell of producing oil from a block in which it no longer had an investment.

Not too late for Lippo after all

Not too late for Lippo after all

12 April 2018

Hong Kong’s highest court has given Indonesia’s Lippo Group more time to resist enforcement of five SIAC awards totalling US$130 million in favour of Malaysian broadcasting group Astro, effectively ending a high-profile dispute that had put the special administrative region at odds with Singapore, where enforcement was denied nearly five years ago.

ExxonMobil faces ICDR claim over Papua New Guinea gas field

ExxonMobil faces ICDR claim over Papua New Guinea gas field

11 April 2018

ExxonMobil has asked a Texas court to rule that it and one of its Canadian subsidiaries does not have to participate in an arbitration with investors who sunk US$75 million into gas fields in Papua New Guinea.

ICC claim against Gabon partly clears hurdle

ICC claim against Gabon partly clears hurdle

11 April 2018

An ICC tribunal has partly upheld jurisdiction over claims by a French-Italian businessman’s company against Gabon for around US$600 million allegedly owed for work on public infrastructure projects – at the same time agreeing to hear the state’s defence that the contracts were obtained through corruption.

Nigerian court declines to halt seizure of assets by Eni

Nigerian court declines to halt seizure of assets by Eni

09 April 2018

A Lagos court has rejected a request by two US-owned energy companies for an injunction to release assets relating to an offshore oil field that were seized by a bailiff to satisfy a US$204 million LCIA award in favour of a subsidiary of Italy’s Eni.

Dutch court lifts asset freeze in Chinese M&A dispute

Dutch court lifts asset freeze in Chinese M&A dispute

05 April 2018

A Dutch court has ruled that a Chinese state-owned food company should not have been permitted to levy attachments worth US$1.7 billion in aid of an ICC arbitration, holding that relief granted by an emergency arbitrator should suffice while a dispute over its purchase of a grain trader is pending.

Canadian miner reports win in fight over Greek metals plant

Canadian miner reports win in fight over Greek metals plant

04 April 2018

Vancouver-based mining company Eldorado Gold says it has obtained a favourable ruling in an arbitration initiated by the Greek government, which had challenged a technical study for a metallurgical plant that has given rise to environmental concerns.