Work Area: Commercial arbitration

Contempt case against Deripaska revived on appeal

The Court of Appeal in London has ruled that former Russian deputy finance minister Vladimir Chernukhin can proceed with his bid to have Oleg Deripaska committed to prison for contempt of court – also finding that a judge’s criticism of Clifford Chance arbitration partner Marie Berard “may not have been fair”.

30 November 2021

Cabo Verde faces ICC claim over airline nationalisation

An Icelandic-owned entity has launched an ICC claim against Cabo Verde after the African island nation announced plans to renationalise its flag carrier in the wake of the covid-19 pandemic.

30 November 2021

Japanese partners spar over Algerian highway project

One of Japan’s largest construction companies says it has defeated the bulk of a US$944 million JCAA claim brought by its partners in a consortium that worked on a major highway project in Algeria.

29 November 2021

Winding-up of publisher stayed in favour of HKIAC claim

A Shanghai business school has failed to secure a winding-up order against its academic resource publisher, after a Hong Kong court stayed its petition pending an HKIAC arbitration.

25 November 2021

“Time is of the essence”: Australian gas price review blocked on appeal

Chevron and its partners in a massive Australian gas project have won an appeal preventing a Rio Tinto subsidiary from bringing a price review claim that was notified outside the window stipulated in the contract.

24 November 2021

Kantor award upheld in BP tax dispute

A US court has upheld the award of an ICDR tribunal chaired by Mark Kantor which found BP did not have to pay US$56 million to compensate three drilling contractors for changes to US tax law.

24 November 2021

Korean state-owned bank facing billion-dollar claim

The Industrial Bank of Korea has disclosed details of an almost US$1.6 billion HKIAC claim brought against it by a group of claimants including a Singaporean commodities trader which is in restructuring having been adversely impacted by the covid-19 pandemic.

23 November 2021

UK company ordered to stop making HIV tests

An ICDR tribunal has reportedly ordered a British pharmaceutical company to stop producing or selling an HIV self-testing product after it was found to have developed it using a US partner’s confidential information.

22 November 2021

Australian miner buries Singapore set aside bid

An Australian mining company says it has defeated a bid by its joint venture partner to set aside a SIAC award over their US$463 million copper and gold project in the Philippines.

22 November 2021

Baker Hughes sees award upheld in Nigerian LNG plant dispute

A Luxembourg company has failed to revive a US$763 million ICDR claim against US oilfield services group Baker Hughes over a liquefied natural gas project in Nigeria.

19 November 2021

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