• Search

Enforcement and Set-Aside

Brazilian airline denied enforcement in Cayman Islands

Brazilian airline denied enforcement in Cayman Islands

20 February 2019

The Grand Court of the Cayman Islands has refused to enforce a US$55 million ICC award issued a decade ago in favour of a Brazilian airline, finding that two private equity funds that were held liable had not consented to the arbitration.

Challenges to enforcement of foreign awards: recent cases from Indonesia

Challenges to enforcement of foreign awards: recent cases from Indonesia

19 February 2019

Andi Kadir and Bernard Sihombing of HHP Law Firm (Baker McKenzie in Jakarta) consider recent trends in challenges to the enforcement of foreign arbitral awards in Indonesia.

Another ICSID creditor eyes PDVSA assets

Another ICSID creditor eyes PDVSA assets

15 February 2019

A Dutch subsidiary of US bottlemaker Owen-Illinois has become the latest of Venezuela’s arbitral creditors to target the US assets of the state’s national oil and gas company PDVSA, in a bid to collect on a US$500 million ICSID award.

Venezuela wins appeal in dual nationals case

Venezuela wins appeal in dual nationals case

14 February 2019

The French Court of Cassation has overturned a decision to partially annul an investment treaty award in favour of two dual nationals against Venezuela, following a complaint by the state that the award ought to have been annulled in full.

France-Spain rail saga resumes before four-man panel

France-Spain rail saga resumes before four-man panel

12 February 2019

A €300 million arbitration over a high-speed rail link between France and Spain is set to resume before a four-member tribunal, after the claimant lost a challenge to an award that had barred it from discontinuing the case without prejudice.

Deripaska loses LCIA award challenge after “dishonest evidence”

Deripaska loses LCIA award challenge after “dishonest evidence”

08 February 2019

The Commercial Court in London has upheld a US$95 million LCIA award against Russian oligarch Oleg Deripaska after concluding that he provided “dishonest evidence” and offered a large sum of money to a witness who was persuaded to do the same.

Egyptian brothers held liable for Eurobond default

Egyptian brothers held liable for Eurobond default

06 February 2019

Two Egyptian brothers have asked a US court to set aside an ICDR award that held them personally liable to pay US$194 million after their companies defaulted on Eurobonds bought by UBS and several other international banks.

Chinese nationals pursue former boss over solar IPO

Chinese nationals pursue former boss over solar IPO

05 February 2019

Three Chinese former employees of a Cayman-registered solar energy company have applied to a US court to enforce a US$13 million HKIAC award that found they were unfairly deprived of the benefits of an initial public offering.

Miculas suffer setback in Sweden

Miculas suffer setback in Sweden

04 February 2019

A Swedish court has ruled that the Micula brothers cannot enforce their €178 million ICSID award against Romania in light of a decision by the European Commission that payment of the award would violate EU law.

Arbitrators convicted in Egypt over “sham” award

Arbitrators convicted in Egypt over “sham” award

01 February 2019

UPDATED WITH DECISION: An Egyptian criminal court has convicted three arbitrators and two employees of an arbitral institution in Cairo in connection with the issuance of a US$18 billion award against Chevron – following a criminal complaint by the US oil company that the arbitration was a “sham”.