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Commercial Arbitration

London court enforces Ukrainian gas award

London court enforces Ukrainian gas award

03 April 2020

The Commercial Court in London has upheld the enforcement of a US$147 million Stockholm Chamber of Commerce award against Ukraine’s biggest oil and gas producer – despite the arbitration agreement being signed by the award creditor’s now defunct predecessor.

Depositions from witnesses in aid of overseas arbitrations

Depositions from witnesses in aid of overseas arbitrations

02 April 2020

The Court of Appeal in London has opened the door to parties in foreign arbitrations obtaining evidence from reluctant potential witnesses resident in England and Wales. Sam Roberts of Cooke Young & Keidan, the firm that represented the successful applicants, reports.

Polish-Russian gas pricing dispute reaches award

Polish-Russian gas pricing dispute reaches award

31 March 2020

Polish state gas utility PGNiG has reported winning an award worth around US$1.5 billion in a price review arbitration with Russia’s Gazprom – and says it will immediately take steps to enforce payment.

Steelmaker denied asset freeze in conspiracy suit

Steelmaker denied asset freeze in conspiracy suit

31 March 2020

The English Commercial Court has refused to grant a worldwide freezing order against the Essar group and two of its owners, saying steelmaker ArcelorMittal had not shown a good arguable case that they conspired to frustrate enforcement of a US$1.5 billion ICC award.

Australian energy companies settle Senegal oilfield dispute

Australian energy companies settle Senegal oilfield dispute

30 March 2020

Australia's Woodside Petroleum and FAR have settled an ICC arbitration over a stake in a US$4.2 billion oil project in Senegalese waters, after the tribunal issued an award in favour of Woodside last month.

Halliburton defeats discovery bid in aid of DIS claim

Halliburton defeats discovery bid in aid of DIS claim

27 March 2020

A Delaware court has quashed a discovery order against oil services company Halliburton granted in aid of a pending case at the German Arbitration Institute, or DIS – adding to the split in US case law on whether parties can obtain discovery in aid of commercial arbitration.

Dos Santos enforcement action heads to trial in BVI

Dos Santos enforcement action heads to trial in BVI

25 March 2020

A court in the British Virgin Islands has refused to grant summary enforcement of a US$646 million ICC award against a company owned by Isabel dos Santos, the embattled Angolan billionaire at the centre of the “Luanda Leaks”.

US court sends BP asset sale dispute back to arbitration

US court sends BP asset sale dispute back to arbitration

25 March 2020

A Texas court has compelled an ICDR sole arbitrator to hear an oil and gas consultancy’s claim relating to a counterparty’s purchase of US$775 million in assets from BP in Pakistan – setting aside two previous awards that found the claim had been waived.

PDVSA hit by claim over Curaçao refinery

PDVSA hit by claim over Curaçao refinery

24 March 2020

Curaçao’s state-run refining company has brought a US$162 million ICDR claim against Venezuela's PDVSA over its management of a refinery on the island.

English court approves payment scheme for Ukrainian bank’s bondholders

English court approves payment scheme for Ukrainian bank’s bondholders

24 March 2020

The High Court in London has ruled that a trustee for US$375 million in defaulted eurobonds issued on behalf of a Ukrainian bank can follow an LCIA tribunal’s directions to pay certain bondholders and not others.