Work Area: Enforcement and set-aside

Russian and Italian banks win round of oil services dispute

An English court has upheld a US$43 million LCIA award in favour of Russia’s Gazprombank and its Italian partner in an oil services venture while refusing to disqualify the arbitrators from related arbitrations.

14 December 2021

Success fee row leads to fraud conviction

A French-Italian consultant is fighting to overturn her conviction on fraud charges over her work on an enforcement matter against Equatorial Guinea – a saga that has also led to an ICC award finding she was wrongly deprived of a success fee.

10 December 2021

Egypt settles with Finnish iron investor

Egypt has reached an agreement with a Finnish businessman to settle a treaty award worth US$121 million over the loss of his iron and steel investments – ending a dispute that led to enforcement actions across three continents and a second treaty claim over the state’s refusal to pay.

09 December 2021

Mexico challenges NAFTA denial of justice award

Mexico has asked a US court to vacate a NAFTA award that requires it to pay US$47 million to a Canadian fund in compensation for a denial of justice – as a Canadian court strikes out evidence presented by another investor seeking to revive a claim under the trade agreement.

08 December 2021

DRC mine award upheld despite counsel’s illness

An English court has upheld a US$19 million ICC award relating to a Chinese mining project in the Democratic Republic of the Congo, rejecting arguments that the case should have been adjourned when a counsel took ill with covid-19 and that the tribunal erred by awarding the victor its third-party funding costs.

08 December 2021

Paris court upholds lockdown award

In the first known French decision on a covid-related set-aside request, the Paris Court of Appeal has refused to set aside an ICC award that was issued by a Paris-seated tribunal in March 2020 – 10 days into the first lockdown in France – and because of the circumstances signed by each arbitrator separately.

07 December 2021

Uruguay chases ICSID claimant over costs award

Uruguay has asked a US court to enforce an ICSID award requiring a Florida telecoms company to pay nearly US$6 million in costs following an unsuccessful treaty claim that was backed by a third-party funder.

07 December 2021

Dechert’s Ali rules in venture capital feud

Sole arbitrator Arif Ali of Dechert has ruled in favour of a Chinese real estate developer in the latest round of its bitter dispute with a US venture capital firm over a US$200 million investment deal.

02 December 2021

Dual nationals resurrect award against Venezuela

The French Court of Cassation has reinstated a jurisdictional award in favour of two Spanish-Venezuelan nationals in a dispute with Venezuela, finding the underlying treaty didn’t require them to hold Spanish nationality at the time they made their investments.

01 December 2021

Maldives fails to halt SIAC case over lagoon project

UPDATED: A court in Singapore has ruled that a developer can proceed with a US$130 million SIAC claim against the Maldives over a stalled joint venture to reclaim and develop islands and a lagoon in its territory.

01 December 2021

Get unlimited access to all Global Arbitration Review content