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Commercial Arbitration

Award upheld in battle of banks

Award upheld in battle of banks

06 December 2018

A Nigerian "bad bank" has failed in an attempt to set aside an LCIA award won by Qatar National Bank in a dispute over share dividends, after the Commercial Court in London held that the challenge was “no more than a thinly disguised attack on the correctness of findings made by the tribunal.”

Satellite dispute moves to next phase at ICDR

Satellite dispute moves to next phase at ICDR

05 December 2018

An ICDR tribunal has awarded more than US$50 million to a British satellite company in a dispute with a US customer over broadband services but that amount may be offset by counterclaims to be decided after a further hearing next year.

Qatar hospital dispute leads to ICC award

Qatar hospital dispute leads to ICC award

05 December 2018

An ICC tribunal has ruled that a Qatari state-backed foundation validly terminated a contract for the construction of a €1.7 billion medical facility in Doha, while ordering it to pay €44 million to the Spanish-Egyptian contractor.

Tiffany loses final appeal over Swatch award

Tiffany loses final appeal over Swatch award

04 December 2018

The Dutch Supreme Court has upheld a US$450 million award in favour of Swiss watchmaker Swatch against US jeweller Tiffany, five years after it was issued.

Dispute over newspaper headquarters to play out in Milan

Dispute over newspaper headquarters to play out in Milan

04 December 2018

The media group behind Italian newspaper Corriere della Sera has brought an arbitration against US private equity group Blackstone as it seeks to reverse the €120 million purchase of its headquarters in central Milan in 2013 – bringing together the name partners of several major Italian firms as counsel.

Egyptian state entities face enforcement bid despite settlement

Egyptian state entities face enforcement bid despite settlement

03 December 2018

An Egyptian company has applied to a US court to enforce an ICC award ordering two Egyptian state entities to pay it US$367 million including interest for terminating a deal to supply gas to Israel – despite a recent settlement agreement involving a number of its shareholders.

Airbnb hit by claim over removed West Bank listings

Airbnb hit by claim over removed West Bank listings

29 November 2018

A pro-Israel activist and lawyer has launched an American Arbitration Association claim against Airbnb over the internet platform’s “discriminatory” decision to remove listings of homes for rent in Israeli settlements in the West Bank.

Jay-Z highlights lack of diversity among arbitrators

Jay-Z highlights lack of diversity among arbitrators

29 November 2018

UPDATED. World-renowned rapper Jay-Z has won a temporary stay of a US$200 million American Arbitration Association proceeding from a New York court after complaining that the institution does not have enough black arbitrators.

Egypt hit by claim over cancelled container terminal project

Egypt hit by claim over cancelled container terminal project

26 November 2018

A Kuwaiti shareholder in a consortium that held a concession to develop, build and operate a new container terminal facility at Egypt’s Damietta port has launched a US$1.1 billion claim against the state following the project’s cancellation – while a related billion-dollar ICC arbitration continues.

Angola faces claim over unsigned port contract

Angola faces claim over unsigned port contract

21 November 2018

A company linked to the billionaire daughter of Angola’s former president is to pursue an US$850 million claim against the state through ad hoc arbitration after the ICC declined to administer the dispute, which arises from a port concession contract that was never signed.