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Enforcement and Set-Aside

Eni pays award over “frustrated” LNG import deal

Eni pays award over “frustrated” LNG import deal

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.

Saudi Aramco escapes US$18 billion enforcement bid

Saudi Aramco escapes US$18 billion enforcement bid

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.

Kazakh assets remain frozen in Sweden

Kazakh assets remain frozen in Sweden

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.

Russia fails to disqualify Yukos “go to guy”

Russia fails to disqualify Yukos “go to guy”

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.

Treaty award enforced against Ukraine on home turf

Treaty award enforced against Ukraine on home turf

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.

Iran denied interest on ICC award because of EU sanctions

Iran denied interest on ICC award because of EU sanctions

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.

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.