Work Area: Commercial arbitration

Existence of sanctions justifies anti-arbitration injunctions in Russia

The Russian Supreme Court has ruled for the first time that sanctioned Russian parties need not prove that sanctions have actually impeded their access to justice to obtain an injunction restraining a foreign arbitration. Timur Aitkulov and Galina Valentirova of Aitkulov & Partners in Moscow report.

13 January 2022

Vietnam media group liable in M&A dispute

A SIAC tribunal has ordered a Vietnamese media group to pay nearly US$27 million to the Korean buyers of its interest in an electronic payments business that was implicated in an illegal online gambling ring.

13 January 2022

South African mining group pursues Zimbabwe in DC

Two Mauritian subsidiaries of South African mining group Amari have brought a US action against Zimbabwe to collect on a US$50 million ICC award issued eight years ago over nickel and platinum projects that were terminated on the basis of corruption allegations.

11 January 2022

Chinese gas field award upheld in Singapore

An insolvent Hong Kong energy company has lost its bid to revive a US$340 million UNCITRAL claim against a Chinese state-owned entity relating to a gas field in the East China Sea.

07 January 2022

British F1 team races to enforce against ex-sponsor

A British Formula 1 racing team has asked a US court to enforce a US$36 million LCIA award issued by arbitrator Klaus Reichert SC against its former lead sponsor.

07 January 2022

US-Korean fuel cell dispute settles

A US fuel cell manufacturer has settled a billion-dollar technology dispute with South Korea’s largest private energy producer that had been playing out in five ICC arbitrations, following a successful mediation.

06 January 2022

Telecoms investors seize Indian aviation funds

Mauritian investors in an Indian telecoms company have frozen US$30 million in aviation funds in their bid to collect on a treaty award against India – as they get the all-clear to pursue assets in Virginia.

05 January 2022

LCIA panel upholds Russian bank fraud claim

An LCIA tribunal has reportedly upheld fraud claims by two bailed-out banks against companies linked to the family of a Russian property tycoon but is still to rule on a claim for US$475 million in losses.

17 December 2021

Nappert rules in Pakistan gas dispute

Canadian-British arbitrator Sophie Nappert has ruled in favour of a Pakistani state-owned entity in a US$109 million LCIA dispute over supplies of gas for two power plants.

16 December 2021

German fruit juice dispute leads to French asset freeze

CORRECTED: A German businessman has attached assets of a European fruit juice group as part of his efforts to enforce a €60 million award rendered in Russia.

15 December 2021

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