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Commercial Arbitration

Award in Guinean bribery dispute made public

Award in Guinean bribery dispute made public

25 April 2019

An LCIA award worth US$2 billion that made findings of corruption in a dispute over an iron-ore mining project in Guinea has become public after being submitted to the US courts for enforcement.

Shell and Chevron win tax case against the Philippines

Shell and Chevron win tax case against the Philippines

25 April 2019

An ICC tribunal has reportedly sided with subsidiaries of Shell and Chevron in a multibillion-dollar dispute with the Philippines over back-taxes on revenue from an offshore gas field, while a related ICSID claim continues.

Bolivian politician’s award enforced in Colorado

Bolivian politician’s award enforced in Colorado

23 April 2019

A Colorado court has confirmed a US$36 million award in favour of a Bolivian politician’s investment company against a Mexican cement group despite the fact it is still subject to annulment proceedings in Bolivia.

Greece fails to sink shipyard award

Greece fails to sink shipyard award

17 April 2019

Greece has lost a challenge to an ICC award in favour of the Middle Eastern-owned operator of one of the country’s largest commercial shipyards – and has disputed a recent statement by the investor that the award has a total commercial value of more than €1.2 billion.

Mozambican state entities face claims amid fraud probe

Mozambican state entities face claims amid fraud probe

17 April 2019

Abu Dhabi-based shipbuilder Privinvest has commenced arbitration against three Mozambican state-owned companies in the wake of a probe by US authorities into an alleged US$2 billion fraud that has been called the “tuna bond” scandal.

Singapore considers allowing appeals on questions of law

Singapore considers allowing appeals on questions of law

15 April 2019

The Singaporean government is considering allowing parties to appeal to the courts on questions of law arising out of an arbitration award – provided that they have agreed to opt into such a mechanism.

Hong Kong award enforced in dispute over solar IPO

Hong Kong award enforced in dispute over solar IPO

11 April 2019

A US court has confirmed an HKIAC-administered award that held the founder and controlling shareholder of a Cayman-registered solar energy company liable for depriving former employees of the benefits of an initial public offering.

New York State wins payout in Native American casino dispute

New York State wins payout in Native American casino dispute

11 April 2019

The State of New York has won US$256 million in an arbitration with a Native American tribe and stands to collect as much as US$1 billion over the next five years after a tribunal upheld its interpretation of a revenue-sharing agreement for three casinos.

English court blocks proceedings in Jordan

English court blocks proceedings in Jordan

10 April 2019

The High Court in London has restrained a French construction company from pursuing court proceedings in Amman over a contract for works at a container terminal at Jordan’s only port.

Billion-dollar award in mining fraud dispute

Billion-dollar award in mining fraud dispute

10 April 2019

Brazil’s Vale has been awarded nearly US$2 billion in an LCIA claim over a mining project in Guinea that gave rise to allegations of corruption and fraud and the disqualification of a prominent arbitrator – two months after a related ICSID claim reportedly settled.