Work Area: Enforcement and set-aside

Award enforced against Nigerian airports authority

The Court of Appeal in London has ruled that a property developer’s US$130 million award against Nigeria’s airports authority should be enforced – holding that a first-instance judge was wrong to rescind an order for its enforcement after the respondent belatedly posted security.

01 December 2020

Is Saudi Arabia the next frontier for Arab arbitration?

A virtual panel at Dubai Arbitration Week discussed Saudi Arabia’s potential as a hub for Arab arbitration – including recent reforms, the influence of Sharia law, ethics and enforcement.

01 December 2020

M&A insurance award upheld in Frankfurt

A Frankfurt court has dismissed a Japanese construction group’s challenge to an award in favour of US insurer AIG, holding that a tribunal did not ignore witness testimony in an arbitration over the unwitting purchase of a heavily indebted company.

30 November 2020

Peruvian state bank settles gold mine dispute

A Peruvian state-owned development bank has agreed to pay US$34 million to a Canadian-listed mining company to satisfy a Lima arbitration award and settle a dispute over the financing of a gold project.

30 November 2020

Thai bank must face fraudulent transfer claims

One of Thailand's largest commercial banks has failed to knock out part of a UK fraud litigation in which it is accused of conspiring to steal US$2 billion worth of wind energy assets and frustrate enforcement of a US$700 million ICC award.

26 November 2020

Magnate sees setback in Australian mining dispute

An Australian court has overturned the enforcement of a pair of awards in favour of a mining magnate pursuing a US$21 billion arbitration against Western Australia – as he challenges emergency legislation passed by the state government to thwart his claim.

25 November 2020

Panel told to rethink damages in Kazakh mining dispute

The Commercial Court in London has set aside the quantum findings in a US$50 million investment treaty award in favour of a Canadian mining company against Kazakhstan after ruling that the state was not given a fair opportunity to address damages.

24 November 2020

UK court enforces award against Ukraine despite “illegality”

Ukraine has failed to overturn the enforcement of a US$112 million investment treaty award won by Russian oil and gas producer Tatneft – despite a finding by the Commercial Court in London that the majority of the damages awarded related to an illegal purchase of shares.

24 November 2020

Yukos awards stayed in US

A US court has granted Russia a stay of enforcement on the US$50 billion Yukos awards while the state pursues its set aside bid in the Netherlands.

23 November 2020

Crimea creditors jostle over Russian assets

An entity linked to Ukrainian oligarch Igor Kolomoisky has failed in an unusual attempt to halt the enforcement of a US$1.1 billion award against Russia – as it races to collect on its own treaty award compensating it for expropriated assets in Crimea.

20 November 2020

Get unlimited access to all Global Arbitration Review content