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Commercial Arbitration

Airbus to pay Taiwan over arms deal

Airbus to pay Taiwan over arms deal

16 January 2018

In the second ICC award in favour of Taiwan in recent months, a tribunal has ordered Airbus to pay €104 million to the state in a dispute over its role in an arms deal.

Naftogaz and Gazprom both declare win in pricing dispute

Naftogaz and Gazprom both declare win in pricing dispute

16 January 2018

One of the highest-value commercial arbitrations known to date – a US$71 billion gas pricing dispute between the state-owned gas companies of Russia and Ukraine – has ended in a final award which each side says is in their favour.

Hong Kong tribunal orders payment by Gobi Desert mining company

Hong Kong tribunal orders payment by Gobi Desert mining company

11 January 2018

A Hong Kong-seated tribunal has ordered a Canadian mining company operating in Mongolia's Gobi Desert to return a US$11.5 million payment in a dispute over an agreement to supply coal.

Double win for Libya at ICC

Double win for Libya at ICC

08 January 2018

Two ICC arbitrations valued at over US$1.4 billion have ended in wins for Libya's National Oil Corporation, with tribunals ‎dismissing claims brought by the Emirati owner-operators of the country's biggest refinery and – in the most recent case – allowing a US$116 million counterclaim.

Angolan oil dispute ready to settle

Angolan oil dispute ready to settle

04 January 2018

After filing for bankruptcy protection, US company Cobalt International Energy has agreed to settle a dispute with Angola’s national oil and gas company Sonangol over two offshore oil blocks that gave rise to a pair of ICC arbitrations worth more than US$2 billion.

Nuclear tax row leads to ICC award

Nuclear tax row leads to ICC award

03 January 2018

German energy group E.ON has won an ICC award in a Geneva-seated dispute with a subsidiary of French power utility Engie over nuclear power tax payments.

YPF settles gas exports saga

YPF settles gas exports saga

02 January 2018

Argentina’s national oil and gas operator YPF has paid US$114 million to a local gas pipeline company to satisfy an ICC award, ending a dispute that had its roots in the country’s energy crisis of more than a decade ago.

Toshiba settles with Western Digital

Toshiba settles with Western Digital

15 December 2017

UPDATED Japanese technology maker Toshiba has settled a trio of ICC arbitrations with joint venture partner Western Digital and will proceed with the US$18 billion sale of its flash memory unit to a consortium led by Bain Capital.

English court rejects Ukrainian mall awards challenge

English court rejects Ukrainian mall awards challenge

08 December 2017

The High Court in London has rejected an attempt by a British Virgin Islands company to set aside three LCIA awards which ordered it to hand over its ownership of a Ukrainian shopping centre.

Ukrainian oligarch to pay for telecoms privatisation

Ukrainian oligarch to pay for telecoms privatisation

07 December 2017

An LCIA tribunal has ordered a company linked to one of Ukraine’s richest oligarchs to pay US$760 million still owed from its purchase of the state telecoms company, Ukrtelecom.