Work Area: Commercial arbitration

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

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

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

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

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’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

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

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

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 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