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Enforcement and Set-Aside

Deripaska fails in LCIA award appeal

Deripaska fails in LCIA award appeal

21 February 2020

The Court of Appeal in London has upheld a US$95 million LCIA award against Russian oligarch Oleg Deripaska, rejecting arguments that the award creditor was a non-signatory to the underlying contract and barred from invoking its arbitration clause.

Reliance and BG defeat India award challenge

Reliance and BG defeat India award challenge

20 February 2020

The Commercial Court in London has rejected India’s challenge to a further award rendered in a multibillion-dollar UNCITRAL dispute with Reliance Industries and BG Group – ruling that the tribunal was entitled to “change its mind” on matters remitted to it by the court two years ago.

UK Supreme Court lifts stay of Micula award

UK Supreme Court lifts stay of Micula award

19 February 2020

The UK Supreme Court has ruled that Sweden’s Micula brothers are entitled to enforce an ICSID award worth €300 million against Romania even though it is the subject of a pending state aid investigation by the European Commission.

Russia reels as Yukos awards are revived

Russia reels as Yukos awards are revived

18 February 2020

The former majority shareholders in Yukos are celebrating a “victory for the rule of law” after today's ruling by a Dutch appeal court reinstating three Energy Charter Treaty awards worth US$50 billion against Russia.

Czech challenge to solar award fails in Switzerland

Czech challenge to solar award fails in Switzerland

14 February 2020

The Swiss Federal Supreme Court has rejected the Czech Republic’s interim challenge to an investment treaty award that held the state liable for reforms to its solar power sector, clearing the way for the arbitration to proceed to the damages phase.

BOOK REVIEW: The Guide to Challenging and Enforcing Arbitration Awards

BOOK REVIEW: The Guide to Challenging and Enforcing Arbitration Awards

11 February 2020

Renowned arbitrator Alan Redfern of One Essex Court in London reviews a guide to challenging and enforcing awards published by GAR's publisher Law Business Research.

Gazprom and Naftogaz say farewell to Stockholm

Gazprom and Naftogaz say farewell to Stockholm

06 February 2020

Having finally settled a set of multibillion-dollar disputes at the Stockholm Chamber of Commerce, Russia’s Gazprom and Ukrainian state entity Naftogaz have reportedly opted not to include SCC arbitration provisions in their new gas transit arrangements, it has emerged.

Is there a difference between venue and seat under Indian law?

Is there a difference between venue and seat under Indian law?

04 February 2020

Ila Kapoor and Ananya Aggarwal of Shardul Amarchand Mangaldas in New Delhi consider two recent Indian Supreme Court judgments that have revived confusion over the difference between the seat and venue of an arbitration.

Award upheld in US-Chinese venture capital feud

Award upheld in US-Chinese venture capital feud

04 February 2020

A California court has upheld an ICDR award rendered by Gerald Ghikas QC in a dispute over a US$200 million US-Chinese venture capital partnership, rejecting arguments that the Canadian sole arbitrator exceeded his authority or committed misconduct.

Canadian court bars new evidence in Yukos set-aside bid

Canadian court bars new evidence in Yukos set-aside bid

31 January 2020

A Canadian court has barred Russia from presenting fresh evidence in support of its bid to set aside a jurisdictional award in a US$700 million Energy Charter Treaty case brought by an investor in the defunct Yukos Oil Company.