Work Area: Commercial arbitration

Baker Hughes sees award upheld in Nigerian LNG plant dispute

A Luxembourg company has failed to revive a US$763 million ICDR claim against US oilfield services group Baker Hughes over a liquefied natural gas project in Nigeria.

19 November 2021

Oxy loses challenge over Ecuador payout

A US court has confirmed an award requiring Occidental Petroleum to pay more than US$500 million to its Chinese-owned former partner in an oil block in Ecuador, rejecting arguments that an arbitrator’s failure to disclose a professional relationship with a member of the award creditor’s counsel team amounted to a “fraud”.

18 November 2021

EDF settles ICC dispute over sale of nuclear assets

UPDATED: Électricité de France has settled a dispute over the sale of its interest in three US nuclear power plants that led to a “baseball arbitration”, a rare use of the ICC’s pre-arbitral referee procedure and a full-blown ICC arbitration that produced an award within 10 months.

16 November 2021

Westworld-style theme park developer wins JAMS award

A US developer of “virtual reality” theme parks has applied to enforce a JAMS award requiring its UK partner to pay US$45 million in capital contributions towards a joint venture – months after a related fraud suit was discontinued.

15 November 2021

Set-aside affirmed after ICC panel upholds “eleventh hour” defence

The Singapore Court of Appeal has affirmed a decision to partially set aside an ICC award over a polysilicon plant because the tribunal upheld a “completely new” defence that was only introduced in closing submissions.

12 November 2021

Chinese cinema investors take CIETAC award to New York

Three Chinese entities have asked a US court to enforce a US$300 million CIETAC award against a Chinese billionaire over investments in a cinema company.

12 November 2021

Singapore injunction upheld against matrimonial website founder

A court in Singapore has upheld an anti-suit injunction against the co-founder of a well-known Indian matrimonial and matchmaking website – apparently the first time a Commonwealth court has ruled on which law applies when determining if a dispute is arbitrable at the pre-award stage.

11 November 2021

UK bill proposes arbitration scheme for covid rent disputes

A newly published UK bill aims to establish a binding arbitration process for commercial landlords and tenants who fail to reach an agreement on rent arrears caused by coronavirus.

11 November 2021

AES wins damages over Chilean hydro project

A subsidiary of US power group AES has won an ICC award worth US$186 million plus interest in a dispute with a construction consortium over a cancelled contract to build one of Chile’s largest hydroelectric projects.

08 November 2021

Shareholders settle non-compete dispute at SIAC

A Singaporean asset manager has agreed to settle a SIAC claim in which it accused fellow shareholders in an Indian oilfield equipment maker of diverting business to competitors.

05 November 2021

Get unlimited access to all Global Arbitration Review content