Work Area: Commercial arbitration

Anti-diabetic drug dispute leads to ICC award

The biopharmaceuticals arm of Merck has secured damages from a French spin-off company in an ICC arbitration over royalties owed under agreements to develop an anti-diabetic drug.

05 March 2021

UK appeal court revives fraud suit over Wirecard deal

The Court of Appeal in London has held that a fraud suit relating to the €250 million sale of an Indian payments business to Germany’s Wirecard has sufficient connection to England to proceed, while reserving a decision on whether the claims belong in arbitration.

04 March 2021

US-Chinese pharma dispute settles at ICC

US and Chinese pharma companies have settled an ICC arbitration over the licensing of rights to promote a breast cancer drug in Greater China.

02 March 2021

Clear for takeoff: Irish court lifts freeze on Air Moldova plane

An Irish court has lifted a freezing order that led to the grounding of a plane at Dublin Airport, after its Moldovan operator reached an agreement with an LCIA award creditor.

02 March 2021

Clyde & Co spared order to transfer “1MDB” funds

A UK judge has refused to compel Clyde & Co to make payments to an arbitration client from escrow funds that US authorities have linked to the 1MDB embezzlement scandal in Malaysia.

01 March 2021

Baker Hughes fends off claim over Nigerian LNG plants

A Luxembourg company has applied to revive a US$763 million ICDR claim against US oil field services group Baker Hughes over a project to build a pair of small-scale liquefied natural gas plants in Nigeria.

26 February 2021

DIS to hear billion-dollar M&A dispute

A Hong Kong electronics company is seeking US discovery ahead of a claim at the German Institution of Arbitration, or DIS, over an alleged fraud in connection with its billion-dollar purchase of two car technology businesses.

26 February 2021

Iranian state entity fails to overturn billion-euro award

A Swiss court has upheld an ICC award requiring the National Iranian Gas Company to pay over €1.5 billion to a Turkmen state entity, dismissing arguments that US sanctions make payment impossible.

25 February 2021

Indian and Indonesian projects spawn SIAC claims

The Singapore International Arbitration Centre is hearing two unrelated disputes worth a combined US$1.1 billion over energy and mining projects in India and Indonesia, it has emerged.

25 February 2021

US Supreme Court rejects Petrobras bribery appeal

The US Supreme Court yesterday refused to hear Petrobras’s appeal against the confirmation of an ICDR award that required it to pay an offshore drilling company for terminating a contract allegedly procured through bribery.

23 February 2021

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