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Commercial Arbitration

Saudi prince faces jail for seeking to avoid London award

Saudi prince faces jail for seeking to avoid London award

17 August 2018

A Saudi prince ordered to pay nearly US$530 million to Kuwaiti-listed mobile phone operator Zain in an LCIA arbitration award faces jail in the UK for flouting English contempt laws by failing to halt legal proceedings he brought in Riyadh in relation to the same dispute.

Chevron attacks “sham” Cairo award

Chevron attacks “sham” Cairo award

07 August 2018

Chevron has asked a US court to throw out a petition to enforce a US$18 billion award that it alleges was issued by a sham arbitral institution in Cairo in favour of Saudi and Egyptian claimants – supporting its motion with a scathing assessment of the case by the oil company's appointed expert Gary Born.

Deripaska accused of funding lawsuit to “frustrate” LCIA case

Deripaska accused of funding lawsuit to “frustrate” LCIA case

07 August 2018

An English court is to weigh allegations that Russian oligarch Oleg Deripaska improperly instigated a third-party lawsuit to frustrate a US$100 million LCIA arbitration over a real estate project in Moscow.

Libya lands win in one of two airport expansion disputes

Libya lands win in one of two airport expansion disputes

06 August 2018

Libya has defeated an €80 million ICC claim brought by Turkish and Lebanese contractors over an airport expansion project halted by the country’s civil war – while a similar arbitration brought by the same claimants continues.

Exxon and Rosneft in billion-dollar dispute over oil migration

Exxon and Rosneft in billion-dollar dispute over oil migration

06 August 2018

ExxonMobil is pursuing an ICC claim against Russian state-controlled oil company Rosneft as it fights to keep a US$1.4 billion dispute over oil migration out of local courts.

DP World wins LCIA award over port seizure

DP World wins LCIA award over port seizure

02 August 2018

A sole arbitrator at the LCIA has issued a partial award siding with Dubai-based port operator DP World in a dispute over the Djibouti government’s seizure of a major port facility on the Red Sea.

India loses billion-dollar case over gas migration

India loses billion-dollar case over gas migration

01 August 2018

India’s Reliance Industries and its foreign partners in an offshore gas block have prevailed in a US$1.7 billion UNCITRAL dispute with the Indian government, which was filed after they were fined for profiting from gas that had allegedly migrated from adjacent state-owned fields.

LCIA resolves row over joint stock in Russia’s Amazon

LCIA resolves row over joint stock in Russia’s Amazon

27 July 2018

An LCIA tribunal has ordered shareholders in Russian online retailer Ulmart – which is often described as the nation’s answer to Amazon – to buy out the stake of businessman Mikhail Vasinkevich for US$67 million, according to a Russian news agency.

Third-party debt must be pursued in India, rules English court

Third-party debt must be pursued in India, rules English court

26 July 2018

An interim third-party debt order in support of a Scottish oil and gas company's UNCITRAL award against India has been discharged by the English Commercial Court, which ruled that it could not issue a final order as a result of an “exclusive jurisdiction” clause submitting all disputes to the courts in Delhi.

Claim over length of racetrack case gets short shrift in Dubai

Claim over length of racetrack case gets short shrift in Dubai

25 July 2018

Dubai’s top court has dismissed a US$950 million claim brought by UAE real estate developer Meydan over a cancelled contract to build a race course – rejecting arguments that a DIAC award was invalid as the case had gone on so long the arbitration clause in the contract had expired.