Premium article - 21 June 2016
An appeal court in Washington, DC has said a supplier of blood plasma for medical use can seek to enforce a US$200 million award against the Czech Republic, the latest development in a 20-year dispute.
Premium article - 16 June 2016
The UK Privy Council has refused to set aside an LCIA award relating to a share purchase agreement between Russian and British Virgin Islands' companies, saying that evidence that emerged in a fraud trial after the arbitration would not have affected the outcome.
Premium article - 13 June 2016
A Kiev appeal court has enforced an SCC emergency award issued in support of an Energy Charter Treaty claim against Ukraine – as an investor’s efforts to obtain emergency relief in an unrelated dispute with Moldova are rebuffed.
Premium article - 31 May 2016
UPDATED: A US appeal court has rejected Belize’s attempts to undo the confirmation of LCIA awards rendered in two separate disputes, as the US Supreme Court considers whether to grant the state leave to appeal enforcement of an award in a third case.
Premium article - 23 May 2016
Argentina’s national oil and gas company YPF is facing US enforcement proceedings after an ICC tribunal ordered it to pay US$504 million plus interest for breaching contracts relating to the export of natural gas to Brazil.
Premium article - 05 May 2016
The Hong Kong Court of First Instance has refused to halt the enforcement of an award rendered in Kuala Lumpur despite a coal supplier’s allegation that it was obtained through use of forged documents.
Premium article - 20 April 2016
UPDATED. In a spectacular reversal of fortune for Russia, a court in The Hague has set aside the US$50 billion Energy Charter Treaty awards in favour of the former majority shareholders in the Yukos Oil Company on jurisdictional grounds.
Premium article - 13 April 2016
Days after winning a US$1.4 billion ICSID award against Venezuela, distressed Canadian mining company Crystallex has applied to enforce it in the courts of Washington, DC.
Premium article - 07 April 2016
In a rare move, an ICSID annulment committee hearing Venezuela’s attempt to overturn an award in favour of US bottlemaker Owens-Illinois has lifted a stay of enforcement ahead of the outcome of the proceeding.
Premium article - 01 April 2016
The United States government has intervened in an appeal over the recognition of a US$1.6 billion award against Venezuela, arguing that the Foreign Sovereign Immunity Act still applies even when enforcing awards under the ICSID Convention.