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Commercial Arbitration

Malaysian state fund faces claim over debt bailout

Malaysian state fund faces claim over debt bailout

Premium article - 14 June 2016

UPDATED: Embattled Malaysian sovereign wealth fund 1MDB has been hit with a US$6.5 billion LCIA claim from a UAE state entity for allegedly reneging on a bailout deal in the wake of a scandal over missing funds.

GE gets red light for claim against Alstom

GE gets red light for claim against Alstom

Premium article - 08 June 2016

A New York court has temporarily restrained General Electric from pursuing an ICC claim against French transport group Alstom over the US$800 million sale of a rail-signalling business, also calling a halt to emergency arbitrator proceedings.

EDF defeats claims by German federal state

EDF defeats claims by German federal state

Premium article - 13 May 2016

France's EDF International has defeated claims over the controversial sale of its stake in a power company to the German federal state of Baden-Württemberg after an ICC tribunal ruled that there was no state aid involved and that the claims were an abuse of European law.

Forgery allegation fails to halt enforcement in Hong Kong

Forgery allegation fails to halt enforcement in Hong Kong

Premium article - 05 May 2016

The Hong Kong Court of First Instance has refused to halt the enforcement of an award rendered in Kuala Lumpur despite a coal supplier’s allegation that it was obtained through use of forged documents.

New York Times report triggers failed enforcement action and new US case law

New York Times report triggers failed enforcement action and new US case law

Premium article - 09 March 2016

A New York Times report identifying a controversial Indian property developer as the owner of a US$35 million penthouse in the Time Warner Center has led to an unsuccessful action to enforce an arbitral award in New York and new law on section 1782 discovery and service of foreigners in the US.

Turkey wins price cut on gas from Iran

Turkey wins price cut on gas from Iran

Premium article - 10 February 2016

An ICC tribunal has ordered the National Iranian Gas Company to grant a discount on the price of gas exports to Turkey, in the latest round of a multibillion-dollar dispute over a 25-year supply agreement.

OGX scolded for seeking to halt LCIA claim

OGX scolded for seeking to halt LCIA claim

Premium article - 09 February 2016

The High Court in London has criticised insolvent Brazilian oil and gas company OGX for seeking to frustrate an LCIA arbitration by means of an application to have a Brazilian court-approved reorganisation plan recognised in the UK.

Israel wins gas supply claim against Egypt

Israel wins gas supply claim against Egypt

Premium article - 07 December 2015

An ICC tribunal has ordered two Egyptian state entities to pay over US$2 billion to Israeli and Egyptian parties for terminating a gas supply agreement in the wake of the Arab Spring, as final awards are awaited in three related arbitrations.

Ecuador wins claim over cancelled port deal

Ecuador wins claim over cancelled port deal

Premium article - 02 December 2015

An Ecuadorean port authority has won a claim against subsidiaries of Hong Kong conglomerate CK Hutchison Holdings over a terminated concession – with the tribunal chair dissenting from his co-arbitrators’ decision to extend liability to parties that never signed the contract.

Ukrainian oligarchs settle metal dispute

Ukrainian oligarchs settle metal dispute

Premium article - 13 October 2015

Four of Ukraine’s wealthiest businessmen have settled an LCIA dispute over a ferroalloys venture that has also given rise to an acrimonious US$2 billion litigation before the High Court in London.