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SCC award upheld in fintech dispute

SCC award upheld in fintech dispute

12 July 2019

The Svea Court of Appeal has upheld an SCC award in a dispute over an e-identification system for mobile phones, finding that the challenge could be dismissed as manifestly unfounded without the need to notify the counterparty.

Austrian company brings ECT claim against Romania

Austrian company brings ECT claim against Romania

11 July 2019

Romania is facing a new Energy Charter Treaty claim from an Austrian investor in an insolvent petrochemical refinery business.

Glencore brings second ICSID claim against Colombia

Glencore brings second ICSID claim against Colombia

11 July 2019

Swiss commodities trader Glencore has filed a second ICSID claim against Colombia, this time over the construction and maintenance of a port facility – while a US investor has applied to annul an ICSID award dismissing its claim against Uruguay on jurisdictional grounds.

Water tariff dispute triggers first dissent from Williams

Water tariff dispute triggers first dissent from Williams

10 July 2019

A just-published ICSID award dismissing a water utility company’s intra-EU claim against Estonia reveals disagreements over legitimate expectations and due process that compelled New Zealand arbitrator David AR Williams QC to issue a dissenting opinion for the first time in his career.

New London hearing centre to launch arbitrator wing

New London hearing centre to launch arbitrator wing

10 July 2019

The International Arbitration Centre (IAC), a London hearing centre that opened earlier this year, is to launch an offering for independent arbitrators – as Delos unveils a design committee and online survey as part of plans for its own hearing centre in the city.

Thailand’s top administrative court reinstates rail award

Thailand’s top administrative court reinstates rail award

10 July 2019

Vanina Sucharitkul, senior lecturer at Paris-Decartes University and member of the ICC Court, reports on a decision by Thailand’s Supreme Administrative Court reinstating an award worth over US$385 million arising from a cancelled rail project – five years after it was controversially annulled.

PCA hears second UAE-Iranian gas dispute

PCA hears second UAE-Iranian gas dispute

10 July 2019

An UNCITRAL tribunal is hearing a second claim brought by UAE-based Crescent Petroleum against Iran’s national oil company over a gas supply deal that is already the subject of an arbitration worth US$15 billion.

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.

Court appointment of arbitrators under India’s 1996 Act: an overreaching approach?

Court appointment of arbitrators under India’s 1996 Act: an overreaching approach?

09 July 2019

Ila Kapoor and Ritika Sinha, partner and associate at Shardul Amarchand Mangaldas & Co in Delhi, consider the evolving interpretation of section 11 of India’s 1996 Arbitration Act, a controversial provision that has allowed courts to rule on the existence of an arbitration agreement upon being asked to appoint an arbitrator.

Transnistria faces bid to enforce ICC award

Transnistria faces bid to enforce ICC award

09 July 2019

A Cypriot vegetable oil producer has applied to a US court to enforce a US$12.4 million ICC award against Moldova’s breakaway territory of Transnistria in a dispute over a privatised seed-crushing plant.