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Commercial Arbitration

Water utility’s award survives challenge in Manila

Water utility’s award survives challenge in Manila

21 June 2018

An appeal court in Manila has upheld an UNCITRAL award in favour of a privately-owned water utility over tariff adjustments, as the Philippine government pursues a challenge to a related award in the courts of Singapore.

Equatorial Guinea faces fresh bid to seize plane

Equatorial Guinea faces fresh bid to seize plane

21 June 2018

French telecoms group Orange has asked a US court for permission to seize a Boeing aircraft used by Equatorial Guinea’s president as it seeks to enforce the unpaid part of a €135 million ICC award against the state – the latest in a series of efforts to arrest the plane.

Panama Canal award upheld in Florida

Panama Canal award upheld in Florida

21 June 2018

A Florida court has upheld an ICC award in favour of the Panama Canal Authority in one of a series of disputes with an engineering consortium over the costs of a project for the waterway’s expansion.

More Gazprom assets frozen as feud with Naftogaz escalates

More Gazprom assets frozen as feud with Naftogaz escalates

20 June 2018

Ukrainian state entity Naftogaz says it has obtained an order freezing assets of Russian energy company Gazprom in England and Wales, in addition to attachments already granted in mainland Europe – as it challenges a Swedish court’s decision to stay enforcement of an SCC award worth US$2.6 billion.

Turkish metro award upheld in The Hague

Turkish metro award upheld in The Hague

20 June 2018

The Dutch Supreme Court has upheld an ICC award in favour of a Turkish-German consortium against a municipality in Turkey over the construction of a city metro system.

Another set-aside in Spain makes heads spin

Another set-aside in Spain makes heads spin

14 June 2018

Highlighting a growing trend of “judicial activism” in Spain, practitioners have expressed concern at a court’s decision to set aside an award in a dispute over a wind farm on the basis that a tribunal majority irrationally ignored evidence that was highlighted by a dissenting arbitrator.

English court restrains Lebanese arbitration of family feud

English court restrains Lebanese arbitration of family feud

13 June 2018

Calling the case “exceptional”, the English Commercial Court has ordered the suspension of a Lebanon-seated arbitration between the heirs of the co-founder of the largest engineering and construction group in the Middle East.

Freeze on Ukrainian oligarch’s assets lifted in Cyprus

Freeze on Ukrainian oligarch’s assets lifted in Cyprus

12 June 2018

A Cypriot court has lifted an ex parte freezing order it granted over assets held by Ukraine's richest oligarch Rinat Akhmetov in light of claims that he and his companies are deliberately evading payment of a US$820 million LCIA award, after concluding that both parties should be heard before any injunction is awarded

Indonesia defeated in British satellite claim

Indonesia defeated in British satellite claim

12 June 2018

A struggling British satellite company has won US$20 million from Indonesia in an LCIA case, with the state having argued the company’s actions could harm its national security.

Agfa-Gevaert win ends saga over insolvent camera film business

Agfa-Gevaert win ends saga over insolvent camera film business

11 June 2018

Belgian multinational Agfa-Gevaert has defeated an ICC claim for more than €410 million plus substantial interest brought by the bankruptcy receiver of its spin-off consumer imaging business – potentially bringing an end to a decade-old dispute that has led to parallel arbitrations and court proceedings worth in excess of a billion euros.