17 July 2019
A private equity vehicle has asked the US courts to enforce a US$388 million ICC award after prevailing on claims that it was wilfully deceived into purchasing a chrome-mining business in Turkey through manipulation of drilling samples.
16 July 2019
The Commercial Court in London has rejected Pakistan’s bid to set aside a US$22 million damages award in favour of an Isle of Man entity that it hired nearly two decades ago to trace assets belonging to the country’s disgraced former prime minister Nawaz Sharif.
12 July 2019
The Commercial Court in London has ordered that Gazprom should post US$145 million in dividends from the Nord Stream pipeline as security while it continues to challenge a US$2.56 billion SCC award in the Swedish courts.
09 July 2019
French businessman Bernard Tapie has been acquitted of charges of fraud and embezzlement of public funds in connection with a controversial €400 million award that he was alleged to have procured through a rigged arbitration.
09 July 2019
A Cypriot vegetable oil producer has applied to a US court to enforce a US$12.4 million ICC award against Moldova’s breakaway territory of Transnistria in a dispute over a privatised seed-crushing plant.
08 July 2019
The Singapore High Court has affirmed a SIAC tribunal’s jurisdiction despite the view of dissenting arbitrator Teresa Cheng SC – now Hong Kong’s secretary for justice – that Chinese law applied to the arbitration agreement.
05 July 2019
A Swedish court has upheld an SCC award that rejected a US$2 billion claim by Lithuania against Russia’s Gazprom concerning allegedly unfair gas prices.
04 July 2019
The Court of Appeal in London has ruled that US-owned arms manufacturer General Dynamics can pursue enforcement of an ICC award against Libya without service through diplomatic channels, in light of the “exceptional circumstances” presented by the ongoing civil unrest in the country.
04 July 2019
The Singapore International Commercial Court has issued its first ruling in an arbitration-related matter, finding that it lacks the power to extend the three-month time limit for the filing of award challenges under the UNCITRAL Model Law.
25 June 2019
Cameroon has failed in a bid to dislodge Argentine arbitrator Horacio Grigera Naón as tribunal chair in a long-running ICC arbitration on the grounds of his failure to disclose repeated appointments by private parties in disputes involving states or state entities.