Work Area: Enforcement and set-aside

Nigeria fails to knock out US enforcement of mega-award

A US district court will hear an oil and gas company’s bid to enforce an award worth around US$10 billion against Nigeria, after it rejected the state’s sovereign immunity defence.

07 December 2020

Dutch court refuses to stay Yukos awards

The Dutch Supreme Court has ruled that Russia’s arguments for overturning the US$50 billion Yukos awards are not strong enough to justify granting a stay of enforcement while the petition is heard.

04 December 2020

Malaysian travel agency fails to reverse res judicata finding

The Singapore Court of Appeal has upheld a SIAC award against a Malaysian online travel agency in a US$35 million dispute with its former owners, ruling that the tribunal’s finding on res judicata was not a question of jurisdiction that could be examined afresh.

04 December 2020

US investors get second chance to revive claim against Poland

The French Court of Cassation has ruled that US investors seeking to revive a US$125 million investment treaty claim against Poland through set-aside proceedings can present new jurisdictional arguments that they failed to raise before the arbitral tribunal.

03 December 2020

Austrian court enforces award against Albania

A court in Vienna has enforced a €110 million ICSID award against Albania won by Francesco Becchetti and other Italian investors in the country’s media and hydroelectric sectors.

02 December 2020

Hong Kong-China enforcement arrangement updated after two decades

Twenty years after it was first signed, the Hong Kong government and Supreme People's Court of the People's Republic of China have updated their arrangement on mutual enforcement of awards, paving the way for all mainland China-seated awards to be enforceable in Hong Kong irrespective of the administering authority.

01 December 2020

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

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