Work Area: Commercial arbitration
Sinopec wins damages in Ecuador oil dispute
Chinese state-owned energy company Sinopec has won a US$64 million award against Ecuador’s national oil company over three Amazonian projects, a case that saw Quinn Emanuel partner David Orta disqualified as arbitrator because of his ties to the claimant’s counsel.
10 August 2022
Rwandan state entity loses power plant claim
A Rwandan state entity has lost a US$80 million UNCITRAL claim against the UK-owned operator of a first-of-its-kind power plant on one of Africa’s Great Lakes.
10 August 2022
Ghanaian opposition raises alarm over oilfield dispute
Ghana’s opposition party has raised concerns that the country could be saddled with a multibillion-dollar arbitral debt thanks to government directives requiring Italy’s Eni and its Swiss partner to merge their oilfield with that of a rival operator.
09 August 2022
Japan’s Inpex launches billion-dollar claim against Korean shipbuilder
Japanese oil and gas producer Inpex has filed a US$970 million ICC claim against a Korean shipbuilder over delays and defects in the commissioning of a storage vessel for an offshore project.
08 August 2022
Mexican utility reaches deal to end pipeline disputes
A Canadian energy infrastructure group says it has reached a deal with a Mexican state utility to develop a new US$4.5 billion offshore natural gas pipeline, bringing an end to a pair of LCIA arbitrations relating to existing onshore pipelines.
08 August 2022
Continental wins ICC award in airbag dispute
German car parts manufacturer Continental AG has won more than US$40 million in an ICC claim against a US semiconductor group over defective airbag control units and may also be able to recover future recall costs.
05 August 2022
Brazilian pulp award survives hacking allegations
A Brazilian court has upheld an ICC award in an acrimonious dispute over the multibillion-dollar sale of a pulp producer, dismissing allegations the procedure was tainted by a cyberattack and a conflict of interests and awarding US$114 million in legal fees to the winning side.
04 August 2022
Perenco secures freeze on Ecuador accounts in Luxembourg
Bahamian oil company Perenco has frozen Luxembourg bank accounts used by Ecuador to make coupon payments associated with sovereign bonds, with the ICSID award holder claiming this raises the possibility of the state defaulting to creditors.
01 August 2022
Brazilian billionaire’s New York assets frozen
A federal court in New York has attached the assets of one of Brazil’s wealthiest men at the request of an infrastructure group trying to enforce a US$41 million award issued in an arbitration in São Paulo.
01 August 2022
ICDR claim against Kazakhstan fizzles out
An ICDR panel has terminated a claim against Kazakhstan brought by a controversial businessman who has been accused of helping to launder US$440 million in stolen funds from the country.
29 July 2022