16 August 2019
An English court has said it will permit a British Virgin Islands company to enforce a US$9.6 billion award against Nigeria arising from a failed gas deal – rejecting the west African state’s arguments that the arbitrators had granted “punitive” damages.
15 August 2019
The High Court in London has adjourned a Nigerian property developer’s application to enforce an award worth over US$120 million against the west African state’s airports authority, pending the outcome of related litigation in the Nigerian courts.
08 August 2019
Italian energy company Eni has paid €330 million to satisfy an ICDR award after prevailing on its claim that a long-term contract for regasification and import services was frustrated by the shale gas revolution in the United States.
07 August 2019
A US court has dismissed a bid by a group of Saudi and Egyptian claimants to enforce a US$18 billion award against Saudi Aramco allegedly issued by a “sham” institution after it concluded the company was not listed on the award.
06 August 2019
A court in Stockholm has upheld the attachment of US$84 million of assets frozen at the behest of a group of Moldovan creditors seeking to enforce a US$530 million Energy Charter Treaty award against Kazakhstan – as the role of a third-party funder in the dispute comes to light.
05 August 2019
A Canadian court has rejected Russia’s bid to disqualify a US academic from giving expert evidence on behalf of a former investor in the defunct Yukos Oil Company, finding that the fact he may have become the “go to guy” for parties suing the state did not prove that he lacked independence.
29 July 2019
The Kiev Court of Appeal has enforced a US$12 million investment treaty award won by a London-listed oil and gas company against Ukraine.
25 July 2019
An English court has ruled that a UK government-owned supplier of military vehicles is not liable to pay interest on a £128 million award in favour of Iran’s Ministry of Defence that has accrued while it has been subject to EU sanctions.
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.