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Commercial Arbitration

Deutsche Bank wins injunction in Mexican asset sale dispute

Deutsche Bank wins injunction in Mexican asset sale dispute

21 October 2019

A US court has granted Deutsche Bank an anti-suit injunction in aid of an ICC arbitration over a failed US$175 million asset sale in Mexico, days after an emergency arbitrator denied the counterparty’s request for interim relief.

Malaysian group’s DIAC award upheld in Abu Dhabi

Malaysian group’s DIAC award upheld in Abu Dhabi

17 October 2019

An Abu Dhabi company has failed to revive a DIAC claim against the engineering arm of Malaysian conglomerate Sime Darby over its decision to withdraw bids for seven oil and gas projects in the United Arab Emirates.

Spanish Constitutional Court to consider judicial scrutiny of awards

Spanish Constitutional Court to consider judicial scrutiny of awards

16 October 2019

The Constitutional Court of Spain will have a chance to consider the permissible level of judicial scrutiny of arbitral awards – in a €600 million inheritance battle between relatives of a prominent deceased aristocrat.

Vienna panel hears dispute over Slovakian road project

Vienna panel hears dispute over Slovakian road project

11 October 2019

A Vienna-seated ICC tribunal is hearing a claim brought against Slovakia over delays in the issuance of permits for a €1.7 billion road construction project.

Maldives settles dispute with island developer

Maldives settles dispute with island developer

11 October 2019

The Maldives has paid US$55 million to settle two claims at the Permanent Court of Arbitration brought by a Liechtenstein-registered developer that also accused the country's former vice president of plotting the kidnapping of its Swiss CEO.

HKIAC hears battle over Chinese-backed satellite venture

HKIAC hears battle over Chinese-backed satellite venture

10 October 2019

The Hong Kong International Arbitration Centre is hearing a dispute between the majority shareholder of a Cayman-registered satellite technology start-up and its US founders, who say they suffered retaliation after raising concerns about alleged Chinese government influence over the project.

Payout reduced in Lone Star enforcement saga

Payout reduced in Lone Star enforcement saga

07 October 2019

An affiliate of US private equity group Lone Star Funds stands to collect US$23 million on an eight-year old ICC award against a Korean state-owned entity, after the country’s courts reduced the damages by US$10 million on public policy grounds and denied its request for US$51 million in post-award interest.

Award upheld in billion-dollar dispute over Qatari hospital

Award upheld in billion-dollar dispute over Qatari hospital

04 October 2019

A UK court has upheld an ICC award that found a Qatari state-backed foundation validly terminated a contract for the construction of a £1.9 billion medical facility in Doha – a ruling with potentially “huge” financial consequences for the contractor.

LCIA to hear feud over Indian airline

LCIA to hear feud over Indian airline

02 October 2019

An LCIA tribunal is to hear a shareholder dispute between the billionaire co-founders of India’s largest airline, IndiGo, over its corporate governance.

Ukrainian oligarch settles telecoms dispute

Ukrainian oligarch settles telecoms dispute

01 October 2019

Ukrainian businessman Rinat Akhmetov’s SCM Group has settled a dispute over the sale of a telecoms company that gave rise to a US$820 million LCIA award and high-profile asset freezes in England, Cyprus and the Netherlands.