Work Area: Commercial arbitration

Freezing injunctions against non-signatories in the BVI

Peter Ferrer of Harneys considers a recent British Virgin Islands freezing injunction granted in aid of a foreign arbitration against non-signatories and how it departs from English principles.

25 February 2022

To Kill a Mockingbird award paves way for movie remake

A dispute over rights to Harper Lee's To Kill a Mockingbird has settled after an arbitrator ruled following the author's death that successors and heirs to the makers of the Academy award-winning film retain the movie remake and sequel rights.

24 February 2022

Kosovo Telecom ordered to pay mobile operator

An ICC panel has ordered a Kosovan government-owned telecoms company to pay damages after finding that it failed to act in good faith during contract renewal talks with a local mobile operator.

23 February 2022

Filipino congressman’s ICC claim can proceed in Geneva

A German arbitrator’s failure to disclose that a member of his law firm is a former honorary consul to the Philippines is not sufficient to set aside an order in an ICC case launched by a Filipino congressman, a Swiss court has ruled.

23 February 2022

LCIA award surfaces in Russian bank fraud case

Sons of a prominent Russian businessman took part in a “dishonest scheme” with a bank executive to replace US$500 million worth of secured loans with “unmarketable” bonds, according to a now-public LCIA award.

22 February 2022

Egyptian authority to settle fight over port project

An Egyptian port authority has agreed to pay US$260 million to settle a long-running dispute over a cancelled project to build a container terminal facility that spawned three ICC cases and an ICSID claim.

18 February 2022

Steinmetz lawyers say Vale award may be reopened after fraud trial collapses

Beny Steinmetz’s eponymous mining company may seek to overturn a US$2 billion LCIA award in favour of Brazil’s Vale following the collapse of a related fraud litigation this week, the Israeli businessman’s lawyers have said.

17 February 2022

Taiwan pharma group quashes damages award in Germany

The German Supreme Court has set aside a €140 million damages award against a Taiwanese pharmaceuticals company after finding the ICC tribunal violated its right to be heard – in a fight over a blood cancer drug that has spawned a second ICC case worth US$5 billion and a criminal complaint.

16 February 2022

Edison loses award challenge in environmental dispute

A Swiss court has upheld an ICC award requiring Italian power utility Edison to pay over €91 million to Belgian chemicals producer Solvay for breaches of environmental guarantees relating to the sale of two industrial plants two decades ago.

16 February 2022

Malaysian state entity defeats Brazilian oilfield claim

A Brazilian energy company says an ICC tribunal has rejected its US$1.5 billion claim against a subsidiary of Malaysia’s national oil and gas company Petronas over its decision to pull out of a deal to acquire oil assets off the coast of Rio de Janeiro.

15 February 2022

Unlock unlimited access to all Global Arbitration Review content