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Commercial Arbitration

ArcelorMittal seeks to enforce billion dollar award

ArcelorMittal seeks to enforce billion dollar award

Premium article - 17 January 2018

The world’s largest steel company ArcelorMittal has asked a US court to enforce a US$1.4 billion ICC award against Indian conglomerate Essar arising from a Minneapolis-seated arbitration.

Naftogaz and Gazprom both declare win in pricing dispute

Naftogaz and Gazprom both declare win in pricing dispute

Premium article - 16 January 2018

One of the highest-value commercial arbitrations known to date – a US$71 billion gas pricing dispute between the state-owned gas companies of Russia and Ukraine – has ended in a final award which each side says is in their favour.

Airbus to pay Taiwan over arms deal

Airbus to pay Taiwan over arms deal

Premium article - 16 January 2018

In the second ICC award in favour of Taiwan in recent months, a tribunal has ordered Airbus to pay the island €104 million in a dispute over its role in an arms deal.

Hong Kong tribunal orders payment by Gobi Desert mining company

Hong Kong tribunal orders payment by Gobi Desert mining company

Premium article - 11 January 2018

A Hong Kong-seated tribunal has ordered a Canadian mining company operating in Mongolia's Gobi Desert to return a US$11.5 million payment in a dispute over an agreement to supply coal.

Double win for Libya at ICC

Double win for Libya at ICC

Premium article - 08 January 2018

UPDATED. Two ICC arbitrations valued at over US$1.4 billion have ended in wins for Libya's National Oil Corporation, with tribunals ‎dismissing claims brought by the Emirati owner-operators of the country's biggest refinery and – in the most recent case – allowing a US$116 million counterclaim.

Angolan oil dispute ready to settle

Angolan oil dispute ready to settle

Premium article - 04 January 2018

After filing for bankruptcy protection, US company Cobalt International Energy has agreed to settle a dispute with Angola’s national oil and gas company Sonangol over two offshore oil blocks that gave rise to a pair of ICC arbitrations worth more than US$2 billion.

Nuclear tax row leads to ICC award

Nuclear tax row leads to ICC award

Premium article - 03 January 2018

German energy group E.ON has won an ICC award in a Geneva-seated dispute with a subsidiary of French power utility Engie over nuclear power tax payments.

YPF settles gas exports saga

YPF settles gas exports saga

Premium article - 02 January 2018

Argentina’s national oil and gas operator YPF has paid US$114 million to a local gas pipeline company to satisfy an ICC award, ending a dispute that had its roots in the country’s energy crisis of more than a decade ago.

Toshiba settles with Western Digital

Toshiba settles with Western Digital

Premium article - 15 December 2017

UPDATED Japanese technology maker Toshiba has settled a trio of ICC arbitrations with joint venture partner Western Digital and will proceed with the US$18 billion sale of its flash memory unit to a consortium led by Bain Capital.

English court rejects Ukrainian mall awards challenge

English court rejects Ukrainian mall awards challenge

Premium article - 08 December 2017

The High Court in London has rejected an attempt by a British Virgin Islands company to set aside three LCIA awards which ordered it to hand over its ownership of a Ukrainian shopping centre.