Work Area: Commercial arbitration

“Grand corruption”: Dutch panel rules against dos Santos

UPDATED WITH AWARD: A Dutch-seated tribunal has ordered an entity owned by billionaire Isabel dos Santos to return shares worth over €650 million to Angola’s national oil and gas company, ruling they were acquired illegally.

27 July 2021

Brazilian distributor wins billion-dollar dispute with Hyundai

An ICC tribunal in Frankfurt has ruled in a billion-dollar dispute over a distributor’s right to import Hyundai cars to Brazil, ruling the Korean company had no basis for refusing to renew their contract for another decade.

26 July 2021

Award surfaces in Georgian oil block dispute

The tribunal that ruled against Houston-based Frontera Resources in a multibillion-dollar dispute over a Georgian oil and gas block found no evidence that the company had made a discovery or drilled any wells at the site, it has emerged.

26 July 2021

Italian utility liable for breaching environmental guarantees

A Belgian chemicals producer says it has won a €90 million ICC award against an Italian utility over breaches of environmental guarantees concerning the billion-euro sale of two industrial plants.

23 July 2021

Samsung and Inpex in showdown over Australian offshore facility

The cast list has emerged for a US$600 million ICC case between South Korean shipbuilder Samsung Heavy Industries and a Japanese oil company over what is said to be the world’s largest floating offshore gas processing unit, based off the Australian coast.

23 July 2021

Mexican utility alleges corruption after LCIA claim

A Mexican state-owned electric utility facing a US$40 million LCIA claim from a Texas energy company has warned it will pursue civil and criminal proceedings against the claimant, alleging that its contracts were procured through corruption.

21 July 2021

Boutique expands to Toronto with Torys hire

Myriam Seers has left Canadian firm Torys to join transatlantic disputes boutique Savoie Laporte as its third partner, helping to launch its new office in Toronto.

21 July 2021

New rules for investment disputes in Vienna

The Vienna International Arbitration Centre has adopted new investment arbitration and mediation rules that it says are particularly suited for smaller claims that “fall through the cracks” – while also updating its standard rules to address third-party funding and remote hearings.

21 July 2021

UAE healthcare group preps for London arbitration

The administrators of an insolvent Emirati healthcare group have agreed to a London arbitration to resolve disputes over insurance receivables that a Dubai bank has claimed as security for an Islamic finance deal.

21 July 2021

PDVSA award reinstated despite corruption allegations

The Dutch Supreme Court has reinstated an ICC award against a subsidiary of Venezuela’s national oil and gas company PDVSA that was set aside two years ago on grounds of corruption.

16 July 2021

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