Work Area: Commercial arbitration
M&A insurance award upheld in Frankfurt
A Frankfurt court has dismissed a Japanese construction group’s challenge to an award in favour of US insurer AIG, holding that a tribunal did not ignore witness testimony in an arbitration over the unwitting purchase of a heavily indebted company.
30 November 2020
Peruvian state bank settles gold mine dispute
A Peruvian state-owned development bank has agreed to pay US$34 million to a Canadian-listed mining company to satisfy a Lima arbitration award and settle a dispute over the financing of a gold project.
30 November 2020
UAE proceedings blocked in wake of asset freeze
A London judge has granted an “unusual anti-suit injunction” blocking court proceedings brought by a company that had already filed for ICC arbitration in the United Arab Emirates, purportedly to preserve an asset-freeze.
30 November 2020
Panama Canal arbitrators under fire over "cross-appointments"
The consortium that oversaw the expansion of the Panama Canal has applied to set aside a US$265 million ICC award in favour of the canal authority, alleging that the arbitrators failed to disclose “multiple cross-appointments and inter-relationships”.
27 November 2020
UK Supreme Court dismisses appeal over apparent bias
UPDATED: The long-awaited UK Supreme Court ruling in Halliburton v Chubb is out, unanimously dismissing the appeal over apparent bias and naming the arbitrator at the centre of the controversy as Kenneth Rokison QC.
27 November 2020
Halliburton v Chubb: comments from counsel
Counsel who took part in the Halliburton v Chubb appeal before the UK Supreme Court, representing the parties and interveners, have shared their views on the judgment.
27 November 2020
Insurer fails to stay Thai hotel owner’s pandemic claim
The owner of a luxury hotel in Phuket that was forced to close because of the covid-19 pandemic can proceed with a lawsuit against its insurer, after a Singapore court found that disputes over how to interpret the insurance policy had been carved out from the arbitration clause.
27 November 2020
Thai bank must face fraudulent transfer claims
One of Thailand's largest commercial banks has failed to knock out part of a UK fraud litigation in which it is accused of conspiring to steal US$2 billion worth of wind energy assets and frustrate enforcement of a US$700 million ICC award.
26 November 2020
Subpoena sought in Saudi food app fight
A California court has been asked to grant discovery in aid of a DIFC-LCIA case over a Saudi food delivery app, while a Swiss electronics company has lodged a similar request in support of an ICC claim.
26 November 2020
Colombian pipeline dispute settles
Canada’s Frontera Energy has settled a pair of arbitrations with Colombian state-owned oil company Ecopetrol over terminated contracts for two of the Latin American country’s key oil pipelines.
26 November 2020
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