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Enforcement and Set-Aside

Turkish chrome-mining award hits US courts

Turkish chrome-mining award hits US courts

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.

Pakistan fails to set aside asset hunter’s award

Pakistan fails to set aside asset hunter’s award

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.

UK court orders Gazprom to hand over pipeline dividends

UK court orders Gazprom to hand over pipeline dividends

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.

Tapie cleared of criminal charges

Tapie cleared of criminal charges

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.

Transnistria faces bid to enforce ICC award

Transnistria faces bid to enforce ICC award

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.

Singapore court affirms SIAC jurisdiction over Chinese dispute

Singapore court affirms SIAC jurisdiction over Chinese dispute

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.

Lithuania fails to revive US$2 billion claim against Gazprom

Lithuania fails to revive US$2 billion claim against Gazprom

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.

Arms maker wins appeal over service on Libya

Arms maker wins appeal over service on Libya

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.

Singapore’s international court issues first arbitration decision

Singapore’s international court issues first arbitration decision

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.

ICC rejects challenge based on repeat appointments by investors

ICC rejects challenge based on repeat appointments by investors

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.