Work Area: Commercial arbitration
Romanian oilfields dispute leads to ICC claim
An entity linked to Kazakhstan’s state-owned oil and gas company has been hit with an ICC claim, as a UK energy company tries to seize its minority stake in a Romanian oilfield.
23 October 2020
Contractor fails in Samsung drillship award challenge
A London court has declined to hear a Luxembourg-based drilling contractor’s challenge to an arbitration award worth US$320 million won by Korean shipbuilder Samsung Heavy Industries.
22 October 2020
Chevron escapes bulk of jetty claim
An UNCITRAL tribunal has dismissed the bulk of a US$1.3 billion claim by an Australian construction company against Chevron over the construction of a jetty for one of the world’s largest natural gas projects.
21 October 2020
Korean energy producer raises stakes in licensing dispute
South Korea’s largest energy producer is counterclaiming for US$880 million in two pending ICC arbitrations relating to technology licences – accusing the US fuel cell manufacturer that filed the cases of fraud and breach of contract.
19 October 2020
US judge won’t stand down in Chevron award battle
A group of Saudi and Egyptian claimants have failed to disqualify a US judge hearing their bid to enforce a US$18 billion award against Chevron over his alleged connections to the oil company and its counsel.
16 October 2020
Interim relief granted in Mexican broadcaster dispute
A Spanish media group has secured emergency relief in an ICC dispute over a Mexican radio broadcaster that it accuses its partner of trying to usurp.
16 October 2020
SIAC arbitrator rules against Indian stock exchange
A sole arbitrator at the Singapore International Arbitration Centre has ruled that an Indian stock exchange’s bid to end a partnership with a US provider of financial indices was invalid.
15 October 2020
Accountant rejects earnout claim after sale of brickmaking assets
A German building materials company has lost its claim for a US$100 million earnout payment arising from its US$1.4 billion sale of assets to a US buyer.
15 October 2020
Japanese distributor liable over diabetes products
A Chinese-owned developer of products for diabetes sufferers has applied to a US court to enforce a US$22.6 million ICC award against its Japanese former parent company concerning a terminated distribution deal.
14 October 2020
Pasta maker can’t reheat fraud claim
A German family-owned pasta business has failed to reopen a Stockholm Chamber of Commerce award in favour of a US distributor on the basis of new evidence that allegedly showed it rested on fraudulent contracts.
13 October 2020
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