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Commercial Arbitration

France-Spain rail saga resumes before four-man panel

France-Spain rail saga resumes before four-man panel

12 February 2019

A €300 million arbitration over a high-speed rail link between France and Spain is set to resume before a four-member tribunal, after the claimant lost a challenge to an award that had barred it from discontinuing the case without prejudice.

Deripaska loses LCIA award challenge after “dishonest evidence”

Deripaska loses LCIA award challenge after “dishonest evidence”

08 February 2019

The Commercial Court in London has upheld a US$95 million LCIA award against Russian oligarch Oleg Deripaska after concluding that he provided “dishonest evidence” and offered a large sum of money to a witness who was persuaded to do the same.

Egyptian brothers held liable for Eurobond default

Egyptian brothers held liable for Eurobond default

06 February 2019

Two Egyptian brothers have asked a US court to set aside an ICDR award that held them personally liable to pay US$194 million after their companies defaulted on Eurobonds bought by UBS and several other international banks.

Chinese nationals pursue former boss over solar IPO

Chinese nationals pursue former boss over solar IPO

05 February 2019

Three Chinese former employees of a Cayman-registered solar energy company have applied to a US court to enforce a US$13 million HKIAC award that found they were unfairly deprived of the benefits of an initial public offering.

Discovery sought in aid of DIS claim

Discovery sought in aid of DIS claim

04 February 2019

A company owned by the city of Frankfurt has applied to a US court for discovery in support of a potential claim at the German Arbitration Institute, or DIS, arising from German energy company E.ON’s proposed €30 billion takeover of a domestic competitor.

Arbitrators convicted in Egypt over “sham” award

Arbitrators convicted in Egypt over “sham” award

01 February 2019

UPDATED WITH DECISION: An Egyptian criminal court has convicted three arbitrators and two employees of an arbitral institution in Cairo in connection with the issuance of a US$18 billion award against Chevron – following a criminal complaint by the US oil company that the arbitration was a “sham”.

Border control company seeks to collect from Maldives

Border control company seeks to collect from Maldives

01 February 2019

An Australian company has asked a US court to confirm a US$20 million SIAC award against the Maldives relating to an immigration border control system that gave rise to allegations of corruption.

Indian power plant dispute settles after asset freeze

Indian power plant dispute settles after asset freeze

31 January 2019

An Indian conglomerate has agreed to settle a US$100 million SIAC case over the construction of a power plant after the Korean-owned claimant obtained attachment orders from the courts of New York against its assets.

New phase of “gas wars” begins in Stockholm

New phase of “gas wars” begins in Stockholm

31 January 2019

A newly formed tribunal at the Stockholm Chamber of Commerce has begun hearing the latest iteration of a multibillion-dollar dispute between Ukraine’s Naftogaz and Russia’s Gazprom over long-term contracts for the supply and transit of gas.

Russia’s Supreme Court reviews practice in wake of ruling on ICC model clause

Russia’s Supreme Court reviews practice in wake of ruling on ICC model clause

30 January 2019

Russia’s Supreme Court has released its first review of arbitration-related court practice since the new Russian arbitration law came into force in 2016 – recommending in the wake of a controversial court ruling in relation to an agreement to submit disputes to ICC arbitration that model clauses of arbitral institutions shall be enforceable.