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Commercial Arbitration

South Korean submarine dispute surfaces

South Korean submarine dispute surfaces

22 May 2020

An ICC tribunal is hearing a dispute between South Korea and a German engineering group over the delayed delivery of five submarines, it has emerged.

Steinmetz: Brazilian miner’s anti-bribery checks were a “sham”

Steinmetz: Brazilian miner’s anti-bribery checks were a “sham”

22 May 2020

Israeli businessman Beny Steinmetz has accused Brazilian mining company Vale of wilfully ignoring potential corruption risks when it entered into a joint venture with his eponymous mining group a decade ago.

Algerian state entity fails to reopen energy tariff

Algerian state entity fails to reopen energy tariff

21 May 2020

An ICC tribunal has ordered an Algerian state-owned entity to pay US$100 million after rejecting its attempt to revise the pricing formula in an electricity supply contract with a subsidiary of embattled Canadian engineering firm SNC-Lavalin.

Indian arbitrator cleared of bias in Singapore

Indian arbitrator cleared of bias in Singapore

20 May 2020

Singapore’s international commercial court has upheld a US$100 million ICC award relating to a five-star hotel project near Kolkata, rejecting arguments that Indian arbitrator Harish Salve SA showed bias by only belatedly disclosing a co-counsel relationship with the winning side’s law firm.

LCIA posts record case numbers

LCIA posts record case numbers

19 May 2020

The LCIA has reported receiving a record number of cases in 2019 as well as an surge in new arbitrations filed early this year – and says it is expecting even more cases as a result of the coronavirus pandemic.

Lima liable in Odebrecht toll road case

Lima liable in Odebrecht toll road case

19 May 2020

A divided UNCITRAL tribunal has ordered the Peruvian municipality of Lima to pay around US$68 million to an Odebrecht subsidiary for revoking a toll road concession – rejecting corruption allegations against the claimant.

Cairo centre unveils case figures and new advisers

Cairo centre unveils case figures and new advisers

15 May 2020

The Cairo Regional Centre for International Commercial Arbitration received its second-highest number of new cases in 2019 according to its latest statistics – and has appointed two new members to its advisory committee.

Restaurateur granted conditional stay in Hong Kong

Restaurateur granted conditional stay in Hong Kong

15 May 2020

A Hong Kong court has ordered the Chinese founder of a high-end restaurant chain to post security to obtain a stay of enforcement of two CIETAC awards worth US$142 million in favour of Europe’s largest private equity firm.

UK injunction lifted in fight over Dutch oil project

UK injunction lifted in fight over Dutch oil project

15 May 2020

The High Court in London has lifted an injunction that had prevented the transfer of an interest in the site of an oil storage project pending LCIA arbitration, finding that the disputed assets were owned by a third party.

Swiss panel decides German-Turkish beverage dispute

Swiss panel decides German-Turkish beverage dispute

15 May 2020

A German engineering company has defeated a US$123 million ICC claim over alleged manufacturing defects in three production lines for glass-coated lemonade bottles.