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Commercial Arbitration

Shell faces challenge to Malaysian oil platform award

Shell faces challenge to Malaysian oil platform award

22 July 2020

A Malaysian state-owned shipping company has applied to set aside an award worth over US$340 million won by a Shell subsidiary at the Asian International Arbitration Centre in a dispute over one of the country’s largest offshore oil fields.

ICSID claimant pursues Tajik bank over Swiss award

ICSID claimant pursues Tajik bank over Swiss award

22 July 2020

An Austrian businessman has sought to enforce a Swiss Chambers award worth US$25 million against a Tajik state-owned bank after agreeing to suspend a related ICSID claim.

Clifford Chance partner criticised in Deripaska feud

Clifford Chance partner criticised in Deripaska feud

21 July 2020

The Commercial Court in London has criticised Clifford Chance international arbitration partner Marie Berard for “lack of objectivity” after dismissing her client’s bid to have Russian businessman Oleg Deripaska committed to prison for contempt of court.

Spanish ruling curbs judicial review of awards

Spanish ruling curbs judicial review of awards

20 July 2020

Practitioners have welcomed a landmark ruling by Spain’s Constitutional Court that they say significantly restricts the ability of the judiciary to re-examine the merits of arbitral awards on the basis of public policy.

Puerto Rican insurer gets US$524 million award

Puerto Rican insurer gets US$524 million award

20 July 2020

A Puerto Rican insurance group has asked a US federal court to enforce an interim award worth US$524 million against a Bermudian reinsurer whose controlling owner was recently convicted of bribery.

PCA hears claim against Iranian airline

PCA hears claim against Iranian airline

20 July 2020

CORRECTED. A sole arbitrator at the Permanent Court of Arbitration is hearing a claim brought by a global air transport IT provider against Tehran-based Iran Airtours.

Petrobras loses appeal in bribery dispute

Petrobras loses appeal in bribery dispute

17 July 2020

A US appeals court has upheld an ICDR award that required Brazil’s Petrobras to pay over US$700 million to an offshore drilling company for terminating a contract allegedly procured through bribery.

Buffett award enforced in New York

Buffett award enforced in New York

16 July 2020

A New York federal court has confirmed a €643 million award in favour of a conglomerate controlled by US billionaire Warren Buffett that was found to have been defrauded into acquiring a German piping manufacturer.

Zimbabwe faces LCIA claim over covid-19 testing kits

Zimbabwe faces LCIA claim over covid-19 testing kits

15 July 2020

Zimbabwe’s state-owned pharmaceutical company has been threatened with an LCIA claim over the termination of a US$60 million contract to supply covid-19 testing kits, amid a criminal investigation that has led to charges against the country’s former health minister.

Angola defeats claim over unsigned port contract

Angola defeats claim over unsigned port contract

14 July 2020

UPDATED WITH TRIBUNAL: Angola has defeated a US$850 million claim by a company linked to the billionaire daughter of the country’s former president, which arose out of a port concession contract that was never signed.