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Commercial Arbitration

Tesla rival settles dispute with Chinese investor

Tesla rival settles dispute with Chinese investor

07 January 2019

US-based start-up Faraday Future, which has ambitions to overtake Tesla in the market for intelligent electric cars, has settled an HKIAC arbitration with a Chinese investor after it generated two emergency arbitrator awards.

Romanian electricity supplier wins against Swiss trader

Romanian electricity supplier wins against Swiss trader

04 January 2019

Romanian state-owned company Hidroelectrica has defeated a €43 million ad hoc claim brought by a Swiss energy trader that accused it of failing to comply with an energy supply contract in the face of insolvency proceedings – with the tribunal issuing a key ruling on the applicable law in the circumstances.

“Sham” Cairo award - ICC seeks to intervene

“Sham” Cairo award - ICC seeks to intervene

03 January 2019

The ICC International Court of Arbitration has asked a US court for permission to file an amicus curiae brief in support of Chevron’s attempts to prevent enforcement of a US$18 billion award that the energy company alleges was issued by a sham arbitral institution in Cairo.

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US rapper and entrepreneur Jay-Z has withdrawn a request for a temporary stay of a US$200 million American Arbitration Association proceeding, saying the institution has agreed to work with him to address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 and sentenced to imprisonment by a court in Qatar 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.