Work Area: Commercial arbitration

Baker Hughes settles claims over German gas storage caverns

US energy services group Baker Hughes has settled a €142 million dispute over alleged equipment defects at a complex of gas storage caverns in Germany – which gave rise to two DIS arbitrations, a lawsuit in Houston and a discovery bid in Delaware.

06 May 2021

Chevron rushes to confirm awards in jetty dispute

Chevron has asked a US court to confirm a pair of adverse awards in a billion-dollar dispute over the construction of a jetty for one of the world’s largest natural gas projects – as it seeks to stave off a further damages claim in litigation.

06 May 2021

No duty of counsel to correct other side's “misunderstanding”

The Singapore High Court has refused to set aside a SIAC award because of a lawyer’s failure to correct opposing counsel’s alleged misunderstanding of the issues in play – holding that “counsel are responsible for arguing their own case, not for ensuring that the other side meets their case.”

05 May 2021

Occidental ordered to hand over share of ICSID award

A Chinese-owned oil company has applied to enforce an award worth more than US$540 million against Occidental Petroleum, representing its share of an ICSID settlement paid by the Ecuadorean government six years ago.

04 May 2021

Tribunal challenged over alleged cyber-attack in Brazil pulp case

Further explosive allegations have emerged of a cyber-attack in a multibillion-dollar ICC dispute over the sale of a Brazilian pulp maker as the respondents challenge the entire tribunal, arguing it has been “irreparably compromised."

29 April 2021

Repsol again liable in multibillion North Sea oil venture dispute

Repsol has for a second time been held liable in a US$5.5 billion SIAC claim lodged by China’s Sinopec group over the purchase of a stake in a North Sea oil venture, although several other claims were dismissed in the latest partial award.

29 April 2021

Airbus faces claim over helicopter crash

A South Korean aerospace company has launched a US$60 million SIAC claim against an Airbus subsidiary that reportedly provided a defective part for a helicopter that subsequently crashed, killing several Korean soldiers.

27 April 2021

Kenya faces ICC claim over scandal-hit dam projects

Two Italian construction companies have launched a US$114 million ICC claim against Kenya over the cancellation of two controversial dam projects that have given rise to criminal proceedings implicating a former minister.

26 April 2021

Feud over fishing venture heads to LCIA

The High Court in London has ruled that part of a Swedish businessman’s claims against a Russian billionaire over the sale of a US$200 million stake in a fishing business should be heard in LCIA arbitration.

23 April 2021

Chinese restaurateur faces renewed bid to seize artwork

A subsidiary of Europe’s largest private equity firm has renewed its bid to seize two Andy Warhol and Martin Kippenberger paintings owned by a Chinese restaurateur as it seeks to enforce two CIETAC awards worth US$142 million in a US court.

23 April 2021

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