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Commercial Arbitration

Ukrainian oligarch to pay for telecoms privatisation

Ukrainian oligarch to pay for telecoms privatisation

Premium article - 07 December 2017

An LCIA tribunal has ordered a company linked to one of Ukraine’s richest oligarchs to pay US$760 million still owed from its purchase of the state telecoms company, Ukrtelecom.

Mauritian state entity hit with cargo freeze in India

Mauritian state entity hit with cargo freeze in India

Premium article - 05 December 2017

A shipping company attempting to enforce a US$120 million SIAC award has secured an interim order from an Indian court preventing the transport of petroleum products from India to Mauritius, despite protests that a lack of available petrol is damaging the Indian Ocean state.

Dutch court declines enforcement of set aside award

Dutch court declines enforcement of set aside award

Premium article - 28 November 2017

The Supreme Court of the Netherlands has refused to enforce an arbitral award in favour of Russian metals billionaire Nikolay Maximov that has been set aside in Russia – but confirmed the power of the Dutch courts to do so in limited circumstances.

Ad agency reaches deal with Bain to avoid Tokyo claim

Ad agency reaches deal with Bain to avoid Tokyo claim

Premium article - 27 November 2017

UK-based WPP, the world’s largest advertising agency, has reached a deal with US private equity firm Bain Capital that could lead to the withdrawal of an arbitration the agency filed in Tokyo against its Japanese business partner.

Success fee in VIAC case triggers criminal probe

Success fee in VIAC case triggers criminal probe

Premium article - 24 November 2017

Slovakian police have frozen the bank account of a local attorney as they investigate a state entity’s decision to promise him a €77 million success fee to appear in a case at the Vienna International Arbitration Centre.

Argentina on way to having UNCITRAL Model Law

Argentina on way to having UNCITRAL Model Law

Premium article - 22 November 2017

The upper house of Argentina’s parliament has passed a bill adopting the UNCITRAL Model Law as part of a major overhaul of the country's arbitration legislation ahead of the IBA Arbitration Day in Buenos Aires next year.

Peru takes counsel as airport dispute threatens to take off

Peru takes counsel as airport dispute threatens to take off

Premium article - 21 November 2017

Peru has instructed a team from Sidley Austin as a dispute with a construction consortium over a cancelled US$525 million contract to build an airport looks likely to be submitted to ICSID arbitration.

Indian court refuses to stop SIAC dispute over power plant

Indian court refuses to stop SIAC dispute over power plant

Premium article - 21 November 2017

The High Court in Delhi has refused to issue an injunction to halt an over US$100 million SIAC arbitration over the development of a power plant, while finding that tribunals may pierce the corporate veil on grounds other than fraud.

Alter ego ruling appealed in Oregon

Alter ego ruling appealed in Oregon

Premium article - 20 November 2017

A medical information services provider is appealing a US court’s determination that an ICC tribunal erred by agreeing to hear a claim against a UAE national who was not a signatory of the arbitration agreement, on the basis that he was an alter ego of his company.

Mining claim proceeds against Burkina Faso

Mining claim proceeds against Burkina Faso

Premium article - 20 November 2017

A group owned by Romanian-Australian mining magnate Frank Timis is proceeding with an ICC claim against Burkina Faso over one of the world’s largest manganese mines that was first reported by GAR a year ago.