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.
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.
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.
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.
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.
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.
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.
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.
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.
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.