Work Area: Commercial arbitration
ICC panel rules on Spanish salt venture
An ICC tribunal seated in Barcelona has upheld the validity of a joint venture agreement between subsidiaries of The Carlyle Group and Israel Chemicals to use waste from a Spanish potash mine to make high-quality salt.
18 March 2021
Australian almond milk dispute to be heard in California
The Federal Court of Australia has ruled that litigation between an Australian food and beverage group and a US farmers’ cooperative over the licensing of almond milk products should be stayed in favour of an ICDR arbitration in California.
17 March 2021
GE settles Slovenian power plant dispute
General Electric has reached an agreement worth €261 million to settle an ICC claim brought by a Slovenian state-owned energy company over the construction of a lignite power plant that was plagued by corruption allegations.
16 March 2021
Lebanese broadcaster’s award upheld in Paris
The Paris Court of Appeal has upheld an ICC award requiring a Saudi prince’s media group to pay US$22 million to a Lebanese television station.
16 March 2021
Expert firm sues rival over Glassdoor review
Expert witness firm Secretariat is suing a UK competitor over an allegedly fake employee review on the website Glassdoor.com that professed ethical concerns about the firm accepting conflicting appointments in a pair of related ICC arbitrations.
16 March 2021
Egyptian LNG saga finally at an end
After a previous settlement was sunk by the coronavirus pandemic, Egypt has finally concluded its long-running dispute with Spain’s Naturgy and Italy’s Eni over a gas liquefaction plant, which gave rise to a US$2 billion ICSID award and several high-value commercial arbitrations.
12 March 2021
US court blocks DOJ’s seizure of Clyde & Co funds
A judge in California has refused to allow the US Department of Justice to seize escrow funds held by Clyde & Co for an arbitration client that are allegedly linked to the 1MDB embezzlement scandal in Malaysia.
12 March 2021
Odebrecht venture settles ethane dispute with Pemex
A subsidiary of Brazilian construction group Odebrecht has reportedly settled an ICC arbitration with Mexico’s state oil company Pemex over an ethane supply contract for a US$5.2 billion petrochemical complex.
10 March 2021
PDVSA fails to overturn Chinese state entity’s award
A Dutch court has upheld a Chinese state-owned company’s US$70 million ICC award against a subsidiary of Venezuela’s national oil and gas company PDVSA, dismissing arguments that the parties had not agreed to consolidate claims under multiple contracts.
09 March 2021
Wrong respondent derails Belt and Road award
A Hong Kong court has set aside a Swedish arbitrator’s US$18 million HKIAC award against a Chinese pipeline company relating to the Belt and Road initiative after concluding that the wrong entity was named as respondent.
09 March 2021
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