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Commercial Arbitration

Football star faces ICC claim from former agent

Football star faces ICC claim from former agent

09 August 2019

Argentine footballer and Juventus striker Paulo Dybala is facing a potential ICC claim worth almost €40 million from his former agent over image rights – amid reports that the dispute hindered his potential transfer to a new club.

Eni pays award over “frustrated” LNG import deal

Eni pays award over “frustrated” LNG import deal

08 August 2019

Italian energy company Eni has paid €330 million to satisfy an ICDR award after prevailing on its claim that a long-term contract for regasification and import services was frustrated by the shale gas revolution in the United States.

The role of state parties in contract-based arbitration

The role of state parties in contract-based arbitration

06 August 2019

A conference in Washington, DC organised by the Institute for Transnational Arbitration and the American Society of International Law examined the theory and practice of contract-based investment and commercial arbitration involving state actors. Gabriela Lopez of White & Case reports.

PDVSA defeats bulk of billion-dollar Conoco claim

PDVSA defeats bulk of billion-dollar Conoco claim

05 August 2019

Venezuela’s state-owned oil group PDVSA has defeated the bulk of a US$1.5 billion ICC claim brought by US energy company ConocoPhillips over the expropriation of an offshore oil project – just months after an ICSID tribunal ordered the state to pay a record award for seizing that and other assets.

Yemen wins damages over abandoned oil block

Yemen wins damages over abandoned oil block

01 August 2019

An ICC tribunal has ordered a group of international energy companies to pay Yemen almost US$30 million following their abandonment of an oil block.

LCIA issues partial awards in Ukrainian bail-in dispute

LCIA issues partial awards in Ukrainian bail-in dispute

31 July 2019

Ukraine’s state-owned Privatbank has confirmed that partial awards have been issued in two LCIA arbitrations worth a combined US$375 million arising from a bail-in conducted after the bank's nationalisation.

Eni wins first round of gas pricing case

Eni wins first round of gas pricing case

30 July 2019

Italy’s Eni says it has prevailed in the first phase of a billion-euro arbitration with Dutch trader GasTerra over a price adjustment on gas deliveries under a long-term supply contract.

Iran denied interest on ICC award because of EU sanctions

Iran denied interest on ICC award because of EU sanctions

25 July 2019

An English court has ruled that a UK government-owned supplier of military vehicles is not liable to pay interest on a £128 million award in favour of Iran’s Ministry of Defence that has accrued while it has been subject to EU sanctions.

Lloyds settles £104 billion asset management dispute

Lloyds settles £104 billion asset management dispute

23 July 2019

UPDATED: Lloyds Banking Group has agreed to pay £140 million to UK fund manager Standard Life Aberdeen to settle an LCIA arbitration over the management of around £104 billion in assets.

All claims dismissed in Colombia-Ecuador telecoms dispute

All claims dismissed in Colombia-Ecuador telecoms dispute

22 July 2019

A Quito-seated tribunal has dismissed claims by both sides in a US$39 million joint venture dispute between Colombian and Ecuadorean state-owned telecoms companies that also gave rise to the threat of a treaty claim.