Work Area: Enforcement and set-aside

Three Chinese entities have asked a US court to enforce a US$300 million CIETAC award against a Chinese billionaire over investments in a cinema company.

12 November 2021

A Kuwaiti company’s efforts to collect on a billion-dollar award against Libya may have been dealt a blow after the European Court of Justice ruled that EU law precludes the attachment of assets that have been frozen as a result of international sanctions.

11 November 2021

The Court of Appeal in London has blocked an insurance club from pursuing litigation against Spain and France over their failure to comply with awards relating to an oil spill in the Atlantic 19 years ago – but related arbitrations brought by the club will proceed.

09 November 2021

The former majority shareholders of Yukos have said they are confident that awards requiring Russia to pay them US$57 billion will be upheld, after the Dutch Supreme Court today said the state’s allegations of fraud should be reviewed by a lower court.

05 November 2021

Deutsche Telekom has asked a second US court to enforce its US$140 million treaty award against India, this time targeting the state’s national airline Air India.

05 November 2021

UPDATED: The Dutch Supreme Court has partly upheld an appeal by Russia over a decision to reinstate Energy Charter Treaty awards worth US$57 billion in favour of the former majority shareholders of Yukos, remanding the case to a lower court for further consideration.

05 November 2021

The Commercial Court in London has ruled that Malaysian sovereign wealth fund 1MDB is not too late to challenge a multibillion-dollar arbitral settlement with an Abu Dhabi government-owned entity that it alleges was intended to cover up a massive fraud.

04 November 2021

A US natural gas producer has failed to force through the purchase of a US$540 million pipeline at a reduced price after a tribunal ruled that a delay in the project was not the fault of the contractor.

01 November 2021

A Swedish court has rejected a Turkish energy company’s bid to set aside an award in another gas price review arbitration with a subsidiary of Gazprom.

01 November 2021

The UK Supreme Court has refused to enforce an ICC award against a Kuwaiti food company after ruling that English law governed the arbitration agreement despite the choice of Paris as the arbitral seat – saying the risk of contradicting the French courts could not be avoided.

27 October 2021