Work Area: Commercial arbitration

Korean biotech company liable in gene therapy dispute

A Korean biotech company has been ordered to pay US$40 million in an ICC arbitration over the mislabelling of a gene therapy treatment, a matter that caused a scandal in Korea and led to the prosecution of executives.

14 January 2021

UK appeal court rules on duties of experts

The Court of Appeal in London has ruled that expert witness firm Secretariat breached a contractual duty to avoid conflicts of interest when it accepted appointments from different parties in related ICC construction cases – while refusing to hold that experts owe a fiduciary duty of loyalty to their client.

11 January 2021

Steinmetz bribery trial to begin in Switzerland

Israeli businessman Beny Steinmetz will face charges that he paid bribes to secure mining rights in Guinea during his criminal trial in Geneva starting on Monday, allegations that have also spawned LCIA and ICSID claims and a fraud suit in London.

08 January 2021

Alpiq pays to settle M&A dispute

Swiss energy company Alpiq has settled a €300 million dispute over the sale of its engineering services business that had been playing out in arbitration in Zurich.

07 January 2021

Bolivian state entity settles cable-car dispute

A Bolivian state entity has paid to settle an arbitration with an Austrian contractor over a US$750 million project to develop the world’s largest cable-car system.

07 January 2021

Pharma company challenges cancer treatment award

A Taiwanese pharmaceuticals company has challenged an award issued in a €2 billion ICC dispute over a blood cancer drug, arguing it was not allowed to defend itself against a claim raised later in the proceedings.

06 January 2021

Emergency arbitration recognised in India

The Delhi High Court has refused to restrain Amazon from trying to block a US$3.4 billion transaction in India’s retail sector, confirming that Indian law does not prohibit recourse to an emergency arbitrator.

04 January 2021

Miners line up Congo claims

An Australian mining company that threatened the Republic of the Congo with an ICC claim over an iron ore project says it will seek US$8.8 billion in damages after its permit was withdrawn by decree – while another miner operating in the country has threatened a further claim over similar measures.

04 January 2021

Petrobras launches claim against Odebrecht

Brazil’s Petrobras has launched an arbitration against Odebrecht seeking US$154 million in damages over alleged violations of a shareholders’ agreement for a petrochemicals company.

29 December 2020

ICC panel told to revisit Bangladeshi diesel plant award

The Swiss Supreme Court has ordered an ICC tribunal to reconsider its decision to uphold jurisdiction over claims against a South Korean subcontractor on a project to build a diesel power plant in Bangladesh.

14 December 2020

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