Work Area: Commercial arbitration

The US Supreme Court yesterday refused to hear Petrobras’s appeal against the confirmation of an ICDR award that required it to pay an offshore drilling company for terminating a contract allegedly procured through bribery.

23 February 2021

Japan’s Fujitsu has settled a £350 million LCIA arbitration with a subcontractor on a cancelled project to upgrade an IT system for the UK’s National Health Service.

22 February 2021

The ICC has refused to disqualify three arbitrators who issued a US$265 million award in favour of the Panama Canal Authority, ruling that their alleged failure to disclose certain professional relationships did not call their impartiality into question.

19 February 2021

The Singapore Court of Appeal has upheld an award on liability that led to a Manila gaming resort owner being ordered to pay US$296 million to a Las Vegas casino operator – rejecting allegations that the successful party and its counsel fraudulently misled the tribunal.

19 February 2021

A California court has ruled that a dispute involving drinks company Monster Energy can return to JAMS – rejecting arguments that the arbitral institution showed bias when it asked the US Supreme Court to clarify disclosure requirements for arbitrators.

19 February 2021

A Swiss court has upheld an award that found commodities trader Glencore liable for abuse of rights in a dispute with a former partner in a Georgian mining project, having overturned two previous awards by the same tribunal.

17 February 2021

A Singapore court has ruled that the owner of a polysilicon plant was denied a fair chance to respond to a “completely new defence” to an ICC claim for delay damages, which led to a US$15 million reduction in the amount it was awarded.

09 February 2021

A French court has refused to enforce a US$26 million award against a prominent Qatari businessman that resulted in criminal convictions for the arbitrators – finding that their decision to move the arbitral seat and transform the case into an ad hoc proceeding was in breach of due process.

05 February 2021

An ICC tribunal has ruled that a company owned by two controversial Brazilian brothers must proceed with the multibillion-dollar sale of a pulp maker to a business run by one of Asia’s wealthiest families.

05 February 2021

Russia’s Gazprom and Bulgarian gas venture Overgas have settled a dispute over a stalled supply contract that gave rise to a US$105 million ICC award and a lawsuit in London’s Commercial Court.

03 February 2021