Work Area: Commercial arbitration

Shell complies with ICC award over LNG facility

The US operator of a liquified natural gas storage facility in Mexico has halted efforts to enforce an ICC award in a US$1.3 billion dispute with subsidiaries of Shell and Gazprom, saying the Shell unit is now in “full compliance” with the award.

30 September 2022

Kabab-Ji ruling cements cross-Channel clash

The French Court of Cassation has upheld an ICC award won by Lebanese company Kabab-Ji after confirming that French law applied to the arbitration agreement, cementing an “embarrassing” clash with the UK’s top court which has already denied enforcement after finding that English law applied.

29 September 2022

Gazprom tells Naftogaz to drop ICC claim or risk sanctions

Gazprom has warned Ukraine’s Naftogaz that it must drop an ICC claim over gas transportation fees or risk sanctions that could result in the closure of a critical Russian pipeline supplying Europe.

28 September 2022

Sinopec entity liable in oil storage dispute

The operator of an oil storage terminal in the US Virgin Islands has applied to enforce an ICDR award against a subsidiary of Chinese state-owned petroleum company Sinopec over a US$500 million lease agreement.

27 September 2022

SIAC to hear claim over Seoul skyscraper sale

UPDATED: A South Korean investment firm has launched a SIAC claim after pulling out of a deal to acquire a landmark development in Seoul’s financial district for nearly US$2.8 billion.

26 September 2022

Aston Martin faces claim over hypercar project

British luxury carmaker Aston Martin has been hit with an ICC claim reportedly worth £150 million over a terminated deal to underwrite its Valkyrie hypercar.

23 September 2022

Mumbai centre hears billion-dollar M&A dispute

India’s Reliance Infrastructure is pursuing a US$1.7 billion claim at the Mumbai Centre for International Arbitration over the sale of a power distribution business.

15 September 2022

Naftogaz brings ICC claim against Gazprom

Ukraine’s state-owned oil and gas company Naftogaz says it has launched an ICC claim against Gazprom over its failure to pay for gas transportation following the Russian invasion of the country.

12 September 2022

How a Nigerian steel saga settled after 14 years

More details have emerged about a multibillion-dollar ICC dispute that is said to have paralysed Nigeria’s steel industry for 14 years before the parties agreed to settle for a significantly reduced sum.

09 September 2022

BVI non-signatories seek to escape Google claim

Two British Virgin Islands companies have asked a US court to overturn an ICDR award that found they are bound by an arbitration agreement in a US$146 million dispute with Google’s Asian arm over unpaid advertising fees.

08 September 2022

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