09 April 2019
A New York-based real estate investment group has lodged an ICC claim over a US$35 billion project to build a sustainable city near Seoul, accusing its Korean partner of fraudulently seeking to oust it from the joint venture.
08 April 2019
The Grand Court of the Cayman Islands has upheld a disclosure order in aid of efforts to enforce a US$1.5 billion ICC award, finding it did not matter that the relief was sought in aid of foreign rather than domestic enforcement proceedings.
05 April 2019
An LCIA tribunal has ordered Djibouti to pay $533 million to a subsidiary of Emirati port operator DP World after finding that the east African state breached the company’s exclusivity rights by pursuing the development of container port facilities with a rival Chinese operator.
04 April 2019
An international consortium that operates a major crude oil pipeline in Ecuador has withdrawn an UNCITRAL claim worth $470 million against the state in the wake of changes to its tax regime.
03 April 2019
The Singapore High Court has upheld an ICC award in favour of a South Korean state-owned company despite allegations that it obtained the award fraudulently by failing to call key witnesses or disclose certain internal documents in the arbitration.
03 April 2019
The English Commercial Court has upheld measures that allowed steelmaker ArcelorMittal to search the London offices of an affiliate of India’s Essar Group in support of a bid to enforce a US$1.3 billion ICC award.
02 April 2019
UPDATED: In a move welcomed by practitioners in the region, the Hong Kong government and China’s Supreme People’s Court have entered an arrangement that will allow courts in mainland China to order interim measures in support of institutional arbitrations seated in Hong Kong.
01 April 2019
Following a €50 billion merger that created the world’s largest eyewear maker, EssilorLuxottica, the Italian partner in the merged company has launched an ICC case to resolve a dispute over its governance.
27 March 2019
An ICC tribunal has stayed a US$265 million case involving Venezuela’s national oil and gas company PDVSA – as the country’s self-declared acting president Juan Guaidó tells ICSID it should not accept any submissions by lawyers representing the government of Nicolás Maduro.
26 March 2019
An ICC tribunal seated in Buenos Aires has granted declaratory relief in favour of Brazil’s state-run energy company Petrobras against Uruguay in a dispute over the rising cost of gas imports – while dismissing its $50 million damages claim.