Work Area: Commercial arbitration
UK judge rejects apparent bias challenge in power dispute
A UK judge has refused to disqualify three arbitrators from a US$500 million power supply dispute that has led to allegations of fraud, while taking issue with the view that the UNCITRAL rules permit interim remedies to be granted in the form of an award.
18 October 2022
LCIA gets exemption from Russia and Belarus sanctions
The London Court of International Arbitration has been granted a general licence allowing it to process payments from parties subject to the UK’s recent financial sanctions against Russia and Belarus to cover their arbitration costs.
17 October 2022
Singapore's plans unmasked in interview with minister
On the day that Singaporeans were permitted to unmask inside for the first time since the pandemic, Lucy Reed interviewed Singapore's minister of home affairs and minister for law K Shanmugam SC about the city-state's future as a leading arbitration centre.
14 October 2022
Sleepless nights over sanctions
A conference organised by the Swiss Arbitration Association (ASA) considered economic sanctions and the many ways they can affect international arbitration and cause “sleepless nights” for practitioners. Chloé Terrapon Chassot of Walder Wyss reports.
12 October 2022
Brazilian chamber to hear telecoms M&A dispute
Leading telecoms groups Telefónica, América Móvil and TIM have launched arbitration against troubled Brazilian operator Oi to slash the US$3.1 billion price they agreed to pay for its mobile assets.
05 October 2022
Shell complies with ICC award over LNG facility
The US operator of a liquified natural gas storage facility in Mexico has halted efforts to enforce an ICC award in a US$1.3 billion dispute with subsidiaries of Shell and Gazprom, saying the Shell unit is now in “full compliance” with the award.
30 September 2022
Kabab-Ji ruling cements cross-Channel clash
The French Court of Cassation has upheld an ICC award won by Lebanese company Kabab-Ji after confirming that French law applied to the arbitration agreement, cementing an “embarrassing” clash with the UK’s top court which has already denied enforcement after finding that English law applied.
29 September 2022
Gazprom tells Naftogaz to drop ICC claim or risk sanctions
Gazprom has warned Ukraine’s Naftogaz that it must drop an ICC claim over gas transportation fees or risk sanctions that could result in the closure of a critical Russian pipeline supplying Europe.
28 September 2022
Sinopec entity liable in oil storage dispute
The operator of an oil storage terminal in the US Virgin Islands has applied to enforce an ICDR award against a subsidiary of Chinese state-owned petroleum company Sinopec over a US$500 million lease agreement.
27 September 2022
SIAC to hear claim over Seoul skyscraper sale
UPDATED: A South Korean investment firm has launched a SIAC claim after pulling out of a deal to acquire a landmark development in Seoul’s financial district for nearly US$2.8 billion.
26 September 2022