Work Area: Commercial arbitration

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

Fujitsu settles second dispute over cancelled NHS contract

Japan’s Fujitsu has settled a £350 million LCIA arbitration with a subcontractor on a cancelled project to upgrade an IT system for the UK’s National Health Service.

22 February 2021

ICC stands by Panama Canal arbitrators

The ICC has refused to disqualify three arbitrators who issued a US$265 million award in favour of the Panama Canal Authority, ruling that their alleged failure to disclose certain professional relationships did not call their impartiality into question.

19 February 2021

Fraud appeal in casino dispute fails in Singapore

The Singapore Court of Appeal has upheld an award on liability that led to a Manila gaming resort owner being ordered to pay US$296 million to a Las Vegas casino operator – rejecting allegations that the successful party and its counsel fraudulently misled the tribunal.

19 February 2021

JAMS will hear rerun of energy drinks dispute

A California court has ruled that a dispute involving drinks company Monster Energy can return to JAMS – rejecting arguments that the arbitral institution showed bias when it asked the US Supreme Court to clarify disclosure requirements for arbitrators.

19 February 2021

Swiss award against Glencore upheld at third attempt

A Swiss court has upheld an award that found commodities trader Glencore liable for abuse of rights in a dispute with a former partner in a Georgian mining project, having overturned two previous awards by the same tribunal.

17 February 2021

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