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Enforcement and Set-Aside

Leonardo wins fight over superbug laser treatment

Leonardo wins fight over superbug laser treatment

23 September 2020

A subsidiary of Italian defence contractor Leonardo has prevailed in a US$225 million ICDR dispute concerning a halted project to use laser technology to combat nasal superbugs.

Vedanta award enforced against India

Vedanta award enforced against India

23 September 2020

The Indian Supreme Court has enforced a US$278 million UNCITRAL award won by a subsidiary of Vedanta Resources and its partners against India, rejecting the state’s arguments that the enforcement petition was time-barred.

Algeria defeats bid to revive “abusive” multibillion claim

Algeria defeats bid to revive “abusive” multibillion claim

18 September 2020

A company managed by Egyptian billionaire Naguib Sawiris has failed to revive a US$4 billion ICSID claim against Algeria that was dismissed three years ago as an abuse of rights.

Russian bank’s emergency award rebuffed in Ukraine

Russian bank’s emergency award rebuffed in Ukraine

17 September 2020

The Kiev Court of Appeal has refused to enforce an SCC emergency arbitrator award that restrained Ukraine from forcibly selling the assets of a Russian state-owned development bank.

Libya challenges treaty award in US court

Libya challenges treaty award in US court

16 September 2020

Libya has asked a US court to vacate an investment treaty award that requires it to pay more than €83 million to an Austrian investor in six construction projects that were disrupted by the country’s 2011 revolution.

DP World seeks to enforce against Djibouti

DP World seeks to enforce against Djibouti

15 September 2020

A subsidiary of Emirati logistics group DP World has applied to a US court to enforce LCIA awards totalling more than US$485 million against the east African state of Djibouti arising from a bitter dispute over a strategic port facility on the Red Sea.

Chinese court upholds “SIAC in Shanghai” clause

Chinese court upholds “SIAC in Shanghai” clause

14 September 2020

A Shanghai court has upheld the validity of a clause providing for SIAC arbitration “in Shanghai” – confirming that foreign arbitral institutions are not prohibited from conducting arbitrations on the mainland.

Atlanta panel throws out claim over aircraft tech

Atlanta panel throws out claim over aircraft tech

10 September 2020

An Atlanta-seated tribunal has dismissed a US$93 million claim brought against a jet aircraft maker by a family-owned developer of laser-based air data systems.

Nigeria can plead fraud case against mega-award

Nigeria can plead fraud case against mega-award

04 September 2020

The Commercial Court in London has ruled that Nigeria can pursue a late challenge to a US$10 billion award over a failed gas project, ruling there is a “strong prima facie case” that it was tainted by corruption, perjury and dishonest conduct.

Iranian family obtains freeze on South Korean assets

Iranian family obtains freeze on South Korean assets

03 September 2020

An Iranian family has attached shares in a UK subsidiary of South Korea’s national oil and gas company as they seek to enforce a US$63 million investment treaty award – while threatening a new treaty claim over measures taken against them by the Korean courts.