Work Area: Commercial arbitration

PCA hears claim against Iranian airline

CORRECTED. A sole arbitrator at the Permanent Court of Arbitration is hearing a claim brought by a global air transport IT provider against Tehran-based Iran Airtours.

20 July 2020

Puerto Rican insurer gets US$524 million award

A Puerto Rican insurance group has asked a US federal court to enforce an interim award worth US$524 million against a Bermudian reinsurer whose controlling owner was recently convicted of bribery.

20 July 2020

Petrobras loses appeal in bribery dispute

A US appeals court has upheld an ICDR award that required Brazil’s Petrobras to pay over US$700 million to an offshore drilling company for terminating a contract allegedly procured through bribery.

17 July 2020

Buffett award enforced in New York

A New York federal court has confirmed a €643 million award in favour of a conglomerate controlled by US billionaire Warren Buffett that was found to have been defrauded into acquiring a German piping manufacturer.

16 July 2020

When insolvency and arbitration interact

For parties conducting arbitration in the wake of the covid-19 pandemic, the potential insolvency of an award debtor will become a real concern. International arbitration and restructuring lawyers from Vinson & Elkins explain why it is crucial to consider the interaction between arbitration and insolvency laws and the different policy concerns underlying them.

15 July 2020

Zimbabwe faces LCIA claim over covid-19 testing kits

Zimbabwe’s state-owned pharmaceutical company has been threatened with an LCIA claim over the termination of a US$60 million contract to supply covid-19 testing kits, amid a criminal investigation that has led to charges against the country’s former health minister.

15 July 2020

Angola defeats claim over unsigned port contract

UPDATED WITH TRIBUNAL: Angola has defeated a US$850 million claim by a company linked to the billionaire daughter of the country’s former president, which arose out of a port concession contract that was never signed.

14 July 2020

UK court rejects due process challenge to Shell award

An Italian energy company was not deprived of due process in an LCIA arbitration with Shell as a result of being unable to find a senior barrister to represent it after sacking its entire legal team days before the final hearing, the Commercial Court in London has ruled.

14 July 2020

Sinopec faces bid to enforce annulled CIETAC award

A British Virgin Islands company has asked a US court to enforce a US$21 million CIETAC award against a subsidiary of Chinese state-owned energy company Sinopec – weeks after it was annulled by a court in Beijing.

14 July 2020

Kenya declares win in geothermal energy dispute

Kenya says it has defeated an ICSID claim worth US$340 million brought by a US-Canadian energy company over the revocation of a licence for a geothermal energy project.

13 July 2020

Get unlimited access to all Global Arbitration Review content