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Commercial Arbitration

ICC hears Chinese-Costa Rican refinery dispute

ICC hears Chinese-Costa Rican refinery dispute

Premium article - 26 March 2018

An ICC tribunal has begun hearing a diplomatically sensitive joint-venture dispute betweeen Chinese and Costa Rican state-owned entities over a cancelled US$1.5 billion project to upgrade an oil refinery.

Egyptian billionaire’s company liable in post-M&A dispute

Egyptian billionaire’s company liable in post-M&A dispute

Premium article - 23 March 2018

An abortive discovery request in Delaware has shed light on efforts by a Russian-owned telecoms multinational to enforce an LCIA award worth more than €150 million against the holding company of Egyptian billionaire Naguib Sawiris and his family.

King & Spalding disqualified from ICC case

King & Spalding disqualified from ICC case

Premium article - 23 March 2018

A US court has disqualified King & Spalding from appearing in an ICC case over licensing of animal vaccine technology after ruling there was a risk that the firm’s previous work for counterparties would materially advance its clients’ position in the arbitration.

Statoil and Chevron seek to enforce Nigerian oil award

Statoil and Chevron seek to enforce Nigerian oil award

Premium article - 22 March 2018

Norway’s state oil company Statoil and its partner Chevron have asked a US court to confirm a US$1 billion award against the Nigerian National Petroleum Corporation after it was annulled last year at the seat of arbitration in Nigeria.

Daewoo spinoff denied chance of late appeal in Arctic rig dispute

Daewoo spinoff denied chance of late appeal in Arctic rig dispute

Premium article - 21 March 2018

A spinoff of South Korea’s Daewoo Group has been denied permission to appeal two London Maritime Arbitrators Association awards rejecting claims of more than US$370 million after the English Commercial Court ruled it was too late.

Mega-award against Nigeria comes to light

Mega-award against Nigeria comes to light

Premium article - 20 March 2018

A British Virgin Islands company founded by Irish nationals has asked a US court to enforce an award worth nearly US$9 billion against Nigeria and its ministry of petroleum resources over a failed gas-refining project in which it had invested US$40 million.

ICC hears dispute over Japanese uranium deal

ICC hears dispute over Japanese uranium deal

Premium article - 19 March 2018

A Canadian mining company is pursuing a US$682 million ICC claim over the cancellation of its contract to supply uranium to the Japanese state-controlled operator of the Fukushima nuclear power plant.

Award over Egyptian satire show partly reinstated

Award over Egyptian satire show partly reinstated

Premium article - 16 March 2018

Egypt’s Court of Cassation has upheld the annulment of an arbitral award against a prominent comedian known as the “Egyptian Jon Stewart” while reinstating findings against a production company in their dispute with a local television network that suspended his political satire show in 2013.

Appeal court rules silk is qualified to hear reinsurance dispute

Appeal court rules silk is qualified to hear reinsurance dispute

Premium article - 15 March 2018

The Court of Appeal in London has reinstated the appointment of a British QC as arbitrator in a reinsurance dispute relating to the 9/11 attack on the World Trade Center, overturning a lower court decision that found he lacked the necessary experience.

Energy consultancy challenges dismissal of ICDR claim

Energy consultancy challenges dismissal of ICDR claim

Premium article - 14 March 2018

A Texan oil and gas consultancy has asked a US court to set aside an ICDR arbitrator’s finding that it waived its right to bring an arbitration relating to a counterparty’s purchase of US$775 million in assets from BP in Pakistan.