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Commercial Arbitration

Native American tribe fails in challenge to New York casino award

Native American tribe fails in challenge to New York casino award

11 November 2019

A US court has upheld an American Arbitration Association award that ordered a Native American tribe to pay over US$1 billion in casino revenues to the State of New York over the next five years.

Hong Kong oil tycoon loses bankruptcy appeal

Hong Kong oil tycoon loses bankruptcy appeal

08 November 2019

The Hong Kong Court of Appeal has upheld a bankruptcy order against the former chairman of a local petroleum company after concluding that a US$30 million debt he owes to a Vietnamese government-owned entity was not covered by a SIAC arbitration clause.

Arbitrators jailed in Peru amid Odebrecht corruption scandal

Arbitrators jailed in Peru amid Odebrecht corruption scandal

07 November 2019

UPDATED WITH JUDGMENT: A Peruvian judge has ordered the pre-trial detention of 14 arbitrators – including one who has sat at ICSID – for 18 months while they are investigated for allegedly taking bribes to favour scandal-hit construction company Odebrecht in a series of cases that cost the state more than US$250 million.

Dutch court sets aside PDVSA award because of corruption

Dutch court sets aside PDVSA award because of corruption

06 November 2019

The Court of Appeal in The Hague has set aside an ICC award against a subsidiary of Venezuela’s state-owned oil and gas company PDVSA on the ground that the underlying contract was procured through corruption.

Embattled Kosovo Telecom faces new ICC claim

Embattled Kosovo Telecom faces new ICC claim

04 November 2019

A mobile phone operator has filed an ICC claim against Kosovo Telecom after the financially troubled state entity chose not to renew a contract between the parties that has already led to a €31 million award.

Rio panel rules against Heineken in battle with distributors

Rio panel rules against Heineken in battle with distributors

04 November 2019

A Rio de Janeiro-seated tribunal has rejected a request by Heineken to terminate a long-term contract with Coca-Cola and 12 distributors in Brazil, in a blow to the Dutch brewer's plans to consolidate its operations in the country.

Panel dissolves Chinese-Costa Rican refinery project

Panel dissolves Chinese-Costa Rican refinery project

01 November 2019

UPDATED WITH AWARD: An ICC tribunal has granted a Costa Rican state entity’s request to dissolve its joint venture with a Chinese counterpart in a politically sensitive dispute over a cancelled US$1.5 billion project to upgrade an oil refinery – while related criminal proceedings continue.

Greece pays out in dispute with Olympics contractor

Greece pays out in dispute with Olympics contractor

30 October 2019

Greece has paid €53 million to a US defence contractor to satisfy an ICC award over a security system commissioned for the 2004 Olympic Games after failing to have the result set aside on grounds of corruption.

Singapore appeal court criticises stay in aid of “illusory” arbitration

Singapore appeal court criticises stay in aid of “illusory” arbitration

29 October 2019

The Singapore Court of Appeal has upheld a decision to lift a stay of litigation previously granted on case management grounds – holding that the prospect of an overlapping arbitration was “largely illusory”.

Naftogaz freezes Gazprom assets in “fraudulent conveyance” claim

Naftogaz freezes Gazprom assets in “fraudulent conveyance” claim

28 October 2019

A Dutch court has agreed to freeze shares in a Gazprom subsidiary while it hears claims by Ukraine’s Naftogaz that the Russian oil company fraudulently transferred those shares to evade payment of a US$2.56 billion SCC award.