Work Area: Commercial arbitration
Aston Martin faces claim over hypercar project
British luxury carmaker Aston Martin has been hit with an ICC claim reportedly worth £150 million over a terminated deal to underwrite its Valkyrie hypercar.
23 September 2022
Mumbai centre hears billion-dollar M&A dispute
India’s Reliance Infrastructure is pursuing a US$1.7 billion claim at the Mumbai Centre for International Arbitration over the sale of a power distribution business.
15 September 2022
Naftogaz brings ICC claim against Gazprom
Ukraine’s state-owned oil and gas company Naftogaz says it has launched an ICC claim against Gazprom over its failure to pay for gas transportation following the Russian invasion of the country.
12 September 2022
How a Nigerian steel saga settled after 14 years
More details have emerged about a multibillion-dollar ICC dispute that is said to have paralysed Nigeria’s steel industry for 14 years before the parties agreed to settle for a significantly reduced sum.
09 September 2022
BVI non-signatories seek to escape Google claim
Two British Virgin Islands companies have asked a US court to overturn an ICDR award that found they are bound by an arbitration agreement in a US$146 million dispute with Google’s Asian arm over unpaid advertising fees.
08 September 2022
Erdogan associate faces claim over pipeline project
A wealthy businessman who is said to be a close confidant of Turkey’s President Recep Tayyip Erdoğan is facing an ICC claim over an abandoned multibillion-dollar pipeline project to transport gas from Iran to Europe.
07 September 2022
Nigeria settles multibillion steel dispute after ICC mediation
Nigeria has agreed to pay US$496 million to a company owned by India’s Mittal family to settle a 14-year dispute potentially worth billions over a contract to upgrade the country’s steel plants.
05 September 2022
Mining magnate complains of “chilling effect” on ICSID claim
A mining magnate that saw his US$21 billion arbitral claim against Western Australia halted by emergency state legislation has brought a fresh challenge against the “draconian” measures, arguing they also effectively prevent him from bringing an investment treaty claim.
05 September 2022
Chinese tech company wins partial annulment in software dispute
UPDATED WITH LINK TO AWARD: A subsidiary of the creator of Chinese social media website Weibo has persuaded a Dutch court to partially annul a US$116 million award concerning alleged misuse of location-based services software, a dispute that has spawned enforcement proceedings in Hong Kong and the British Virgin Islands.
01 September 2022
Shell and Gazprom chased over LNG storage award
The operator of an LNG storage facility in Mexico has asked a US court for leave to subpoena affiliates of Shell and Gazprom in aid of efforts to enforce a now-public ICC award worth more than US$600 million.
31 August 2022