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Enforcement and set-aside

Work Area: Enforcement and set-aside

Libya challenges treaty award in US court

Libya has asked a US court to vacate an investment treaty award that requires it to pay more than €83 million to an Austrian investor in six construction projects that were disrupted by the country’s 2011 revolution.

16 September 2020

DP World seeks to enforce against Djibouti

A subsidiary of Emirati logistics group DP World has applied to a US court to enforce LCIA awards totalling more than US$485 million against the east African state of Djibouti arising from a bitter dispute over a strategic port facility on the Red Sea.

15 September 2020

Chinese court upholds “SIAC in Shanghai” clause

A Shanghai court has upheld the validity of a clause providing for SIAC arbitration “in Shanghai” – confirming that foreign arbitral institutions are not prohibited from conducting arbitrations on the mainland.

14 September 2020

Atlanta panel throws out claim over aircraft tech

An Atlanta-seated tribunal has dismissed a US$93 million claim brought against a jet aircraft maker by a family-owned developer of laser-based air data systems.

10 September 2020

Nigeria can plead fraud case against mega-award

The Commercial Court in London has ruled that Nigeria can pursue a late challenge to a US$10 billion award over a failed gas project, ruling there is a “strong prima facie case” that it was tainted by corruption, perjury and dishonest conduct.

04 September 2020

Iranian family obtains freeze on South Korean assets

An Iranian family has attached shares in a UK subsidiary of South Korea’s national oil and gas company as they seek to enforce a US$63 million investment treaty award – while threatening a new treaty claim over measures taken against them by the Korean courts.

03 September 2020