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Commercial Arbitration

Panama Canal consortium ordered to pay

Panama Canal consortium ordered to pay

17 December 2018

An ICC tribunal has ordered the consortium working on a project to expand the Panama Canal to reimburse US$847 million in advances paid by the Panama Canal Authority – the second award in favour of the state entity in one of the numerous cases filed over the project.

Naftogaz turns to US courts in battle with Gazprom

Naftogaz turns to US courts in battle with Gazprom

13 December 2018

Ukraine’s national oil and gas company Naftogaz has asked the US courts for help in obtaining information about Gazprom’s European assets in connection with its efforts to enforce a US$2.56 billion SCC award.

LCIA award enforced in Ukraine despite “collusion” claim

LCIA award enforced in Ukraine despite “collusion” claim

13 December 2018

The Kiev Court of Appeal has ruled that an LCIA award against a subsidiary of Ukraine’s Naftogaz should be enforced even though local anti-corruption and competition authorities believe the underlying contract was procured unlawfully.

Jay-Z drops bid to stay AAA case for lack of diversity

Jay-Z drops bid to stay AAA case for lack of diversity

12 December 2018

US rapper and entrepreneur Jay-Z has withdrawn a request for a temporary stay of a US$200 million American Arbitration Association proceeding, saying the institution has agreed to work with him to address his concerns about lack of diversity among its arbitrators.

Arbitrators convicted in Qatar

Arbitrators convicted in Qatar

12 December 2018

Three prominent arbitrators have been convicted by a court in Qatar and are being pursued for US$250 million in damages in connection with their role on a tribunal that issued an award against a relative of the Qatari royal family.

Chinese music company hit with fraud claim ahead of IPO

Chinese music company hit with fraud claim ahead of IPO

10 December 2018

A Chinese businessman has brought a CIETAC claim alleging he was defrauded and coerced into selling his stake in a music-streaming business that hopes to raise US$1.23 billion in an initial public offering in the US later this week.

India challenges award in gas migration dispute

India challenges award in gas migration dispute

07 December 2018

India has asked the Delhi High Court to set aside an UNCITRAL award rejecting the state’s claims that Indian energy company Reliance Industries and its foreign partners profiteered from gas that the state says migrated into their offshore block from adjacent state-owned fields in the Bay of Bengal.

Award upheld in battle of banks

Award upheld in battle of banks

06 December 2018

A Nigerian "bad bank" has failed in an attempt to set aside an LCIA award won by Qatar National Bank in a dispute over share dividends, after the Commercial Court in London held that the challenge was “no more than a thinly disguised attack on the correctness of findings made by the tribunal.”

Satellite dispute moves to next phase at ICDR

Satellite dispute moves to next phase at ICDR

05 December 2018

An ICDR tribunal has awarded more than US$50 million to a British satellite company in a dispute with a US customer over broadband services but that amount may be offset by counterclaims to be decided after a further hearing next year.

Qatar hospital dispute leads to ICC award

Qatar hospital dispute leads to ICC award

05 December 2018

An ICC tribunal has ruled that a Qatari state-backed foundation validly terminated a contract for the construction of a €1.7 billion medical facility in Doha, while ordering it to pay €44 million to the Spanish-Egyptian contractor.