Work Area: Commercial arbitration

US chemicals M&A leads to fraud finding

A Texan chemicals company says it has won more than US$600 million after prevailing on claims that it was defrauded during the billion-dollar acquisition of a pigments business.

03 November 2021

US gas company loses bid to force pipeline takeover

A US natural gas producer has failed to force through the purchase of a US$540 million pipeline at a reduced price after a tribunal ruled that a delay in the project was not the fault of the contractor.

01 November 2021

Gazprom sees off another price review challenge

A Swedish court has rejected a Turkish energy company’s bid to set aside an award in another gas price review arbitration with a subsidiary of Gazprom.

01 November 2021

Gazprom and Eni settle Stockholm arbitration

Russia’s Gazprom Export and Italy’s Eni have agreed to revise the terms of their long-term supply contracts, settling disputes that had gone to arbitration in Stockholm.

29 October 2021

Crypto investor brings ICC claim against Binance

A Europe-based individual has reportedly brought a US$140 million ICC claim against Binance, as more claimants sign up to a prospective HKIAC claim against the world’s largest cryptocurrency exchange.

29 October 2021

UK Supreme Court rules again on governing law

The UK Supreme Court has refused to enforce an ICC award against a Kuwaiti food company after ruling that English law governed the arbitration agreement despite the choice of Paris as the arbitral seat – saying the risk of contradicting the French courts could not be avoided.

27 October 2021

English court bars beIN piracy claim

Qatari media group beIN has been barred from raising piracy allegations against a Saudi broadcaster as a counterclaim in UK proceedings to enforce a DIFC-LCIA award.

25 October 2021

Zimbabwe wins currency dispute with hydro producer

An ICC tribunal has ruled that Zimbabwe’s state-owned electricity company was entitled to pay a hydropower producer in its local currency, a case that could reportedly affect other renewable energy projects.

25 October 2021

Transition trends as we approach "peak oil"

The energy transition away from primary reliance on fossil fuels will change the face of international arbitration, potentially causing greater price volatility, a larger share of the oil and gas market for state-owned energy companies and a rise in disputes over renewables and construction of nuclear power plants, argues Justin Williams, partner and practice head at Akin Gump.

25 October 2021

Hitachi awaits award in Stockholm metro dispute

Stockholm’s public transport authority is challenging a liability award in favour of a subsidiary of Japan’s Hitachi as a final award is awaited in their US$235 million dispute over a signalling system for the city’s metro.

22 October 2021

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