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Commercial Arbitration

Bank of Cyprus defeats ICC insurance products claim

Bank of Cyprus defeats ICC insurance products claim

Premium article - 22 September 2016

An ICC tribunal seated in London has dismissed a €240 million claim against the Bank of Cyprus arising from a deal to sell insurance products entered by its predecessor-in-interest Laiki Bank ahead of its nationalisation and transfer of assets as part of a Cypriot bailout deal.

Jewellers duel in diamond dispute

Jewellers duel in diamond dispute

Premium article - 21 September 2016

A leading diamond retailer has applied to enforce an ad hoc award against its former business partners after an acrimonious arbitration in Israel that was disrupted by a racketeering lawsuit, a rabbinical injunction and the presiding arbitrator’s conviction for an unrelated tax fraud.

English court approves recovery of third-party funding costs

English court approves recovery of third-party funding costs

Premium article - 20 September 2016

The English Commercial Court has upheld a partial award of ICC arbitrator Sir Philip Otton allowing a party to recover its third-party funding costs – in what is thought to be the first decision of a UK court on the issue.

GAR Live New York looks at Commisa v Pemex

GAR Live New York looks at Commisa v Pemex

Premium article - 20 September 2016

A panel at GAR Live New York considered the US Second Circuit’s decision in Commisa v Pemex to enforce an award annulled at the seat of arbitration, Mexico, and offered snapshots of the recent work of the ICC, the Supreme Court of New York State and a body that has set itself the task of restating US arbitration law.

Singapore court affirms power to seal case records to protect arbitral secrecy

Singapore court affirms power to seal case records to protect arbitral secrecy

Premium article - 19 September 2016

A Singapore court has ruled it has the inherent power to seal the records of a litigation to protect the confidentiality of a related arbitration, even though there was no basis to grant the request under the city-state’s arbitration statute.

Arbitrator fights bribery suit in New York

Arbitrator fights bribery suit in New York

08 September 2016

An Italian arbitrator has instructed counsel to defend him in a US lawsuit where he is accused of taking a bribe to determine the outcome of a €3 billion dispute between former insurance partners.

HKIAC resolves Australian-Chinese mining dispute

HKIAC resolves Australian-Chinese mining dispute

Premium article - 07 September 2016

An Australian gold mining company has won an HKIAC claim against a Chinese metals group over the sale of South African assets, prevailing on the lower of two alternative damages claims.

Judge tells shoe impresario to toe the line

Judge tells shoe impresario to toe the line

Premium article - 02 September 2016

The High Court in London has found the owner of a distressed Russian shoe retailer in contempt for failing to comply with a worldwide freezing order granted in support of a lender’s LCIA claim.

RSM brings claim against Cameroon drilling partner

RSM brings claim against Cameroon drilling partner

Premium article - 30 August 2016

RSM, the US company controlled by Colorado oil tycoon Jack Grynberg, has filed an ICC claim against its UK-based joint venture partner over a rig and drilling project in Cameroon.

Brazil's CCX settles Colombian coal fight

Brazil's CCX settles Colombian coal fight

Premium article - 23 August 2016

Troubled Brazilian tycoon Eike Batista’s coal mining group CCX has settled a US$125 million ICC dispute with a Turkish conglomerate over the sale of Colombian assets.