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Enforcement and Set-Aside

Spain sees largest solar award hit US court

Spain sees largest solar award hit US court

04 June 2019

A Florida-based energy company has applied to a US court to enforce an ICSID award worth €290 million against Spain – the largest award issued so far in the numerous cases the state faces over reforms to its renewable energy sector.

Ukrainian sovereign immunity appeal fails in US

Ukrainian sovereign immunity appeal fails in US

29 May 2019

A US appeals court has rejected Ukraine’s jurisdictional objections to the enforcement of a US$112 million investment treaty award, finding that the state had waived its sovereign immunity.

Sri Lankan floating armoury award set aside in Singapore

Sri Lankan floating armoury award set aside in Singapore

28 May 2019

The Singapore Court of Appeal has set aside an SIAC award against a Sri Lankan state-owned entity in a dispute over a floating armoury, ruling that the tribunal erred by continuing with the arbitration after a settlement had terminated its mandate.

Appeal court lifts bar to funding of ICSID claim

Appeal court lifts bar to funding of ICSID claim

23 May 2019

The Court of Appeal in London has quashed a ruling that prevented a UK company from providing funding for an ICSID claim against Turkey – concluding that it was for the company’s board, not the court, to determine whether the claim was likely to succeed.

Venezuela award confirmed as court sides with Guaidó

Venezuela award confirmed as court sides with Guaidó

22 May 2019

A US court has enforced an ICSID award worth over US$400 million against Venezuela after finding it was bound to recognise lawyers acting for Juan Guaidó as the country’s legitimate representatives.

Aircraft lease award enforced against UAE group

Aircraft lease award enforced against UAE group

21 May 2019

A US court has confirmed an ICC award worth more than US$51 million against a UAE family-owned company in a dispute over aircraft leases – rejecting arguments that the arbitrators acted in manifest disregard of the law.

Uzbekistan defeats bid to revive billion-dollar claim

Uzbekistan defeats bid to revive billion-dollar claim

20 May 2019

The Paris Court of Appeal has rejected an insolvent UK mining company’s attempt to revive a billion-dollar investment treaty claim against Uzbekistan.

Petrobras award upheld despite bribery claims

Petrobras award upheld despite bribery claims

20 May 2019

A US court has confirmed a US$728 million award in favour of an offshore drilling contractor against Petrobras – rejecting the Brazilian state oil and gas company’s arguments that the tribunal overlooked evidence of bribery and that arbitrator Charles N Brower showed “open hostility” during the hearing.

Panama court sets aside award against non-signatories

Panama court sets aside award against non-signatories

14 May 2019

The Panamanian Supreme Court has partially annulled an award in favour of an Ecuadorean port authority that held affiliates of a Hong Kong conglomerate liable under a concession contract that they had not signed.

Iraqi state entity faces US enforcement bid

14 May 2019

A Canadian engineering company has asked a US court to confirm an ICC award against an Iraqi state-owned company in a dispute over the development of an oil field in southern Iraq.