Work Area: Enforcement and set-aside
Iraq fails to revive claim over Saddam-era helicopter deal
A French court has rejected Iraq’s bid to revive a €62 million ICC claim over a contract for the supply of combat helicopters that was disrupted by an arms embargo against the former regime of Saddam Hussein.
22 April 2022
Jailed insurance executive loses challenge to Dutch award
A US businessman convicted of bribery has failed to overturn a Netherlands Arbitration Institute summary award requiring him to pay €150 million to a bankrupt Dutch life insurer owned by him.
21 April 2022
Libyan authority shakes off French attachments
A French court has lifted attachments on assets of the Libyan Investment Authority worth several hundred million euros – following a European Court of Justice ruling that practitioners say is also likely to complicate enforcement against Russian assets.
20 April 2022
Poland secures landmark annulment of intra-EU BIT awards
In a landmark pair of judgments, a French court has set aside two intra-EU BIT awards against Poland on the basis of the European Court of Justice’s ruling in the Achmea case.
19 April 2022
US stay on Yukos awards lifted after six years
A US court has ruled that proceedings to enforce the US$57 billion Yukos awards against Russia should resume after a six-year stay, citing concerns that targeting the state’s assets may become more difficult following the war in Ukraine.
14 April 2022
LCIA award upheld in med-tech dispute
A UK judge has rejected a German healthcare equipment supplier’s bid to revive a €575 million LCIA claim, dismissing arguments that the arbitrators ignored the undisputed evidence of their own witness.
14 April 2022
Ukrainian petrol companies seek to enforce against Russia
Petrol companies linked to Ukrainian businessman Igor Kolomoisky have asked a US court to enforce a previously confidential investment treaty award that held Russia liable for the seizure of their assets in Crimea by paramilitary forces eight years ago.
11 April 2022
Cash-stuffed Louis Vuitton bag helps sink Gabon award
A Paris court has overturned a US$180 million ICC award against Gabon after finding sufficient evidence that public works contracts at the heart of the dispute were procured through corruption – including the alleged delivery to a minister of a cash-stuffed Louis Vuitton bag.
06 April 2022
Greek state entity defeats Stockholm set aside bid
Greece’s state-owned gas company Depa has defeated an attempt by Turkish counterpart Botaş to have a Stockholm court set aside a US$227 million ICC award over the price of gas supplied under a pipeline deal.
05 April 2022
India wins US stay of satellite award
A US court has granted India a stay of enforcement of a US$111 million investment treaty award in favour of Mauritian telecoms investors, as a French court denies the investors permission to intervene in an action to enforce a related ICC award.
04 April 2022