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A Chinese-owned developer of products for diabetes sufferers has applied to a US court to enforce a US$22.6 million ICC award against its Japanese former parent company concerning a terminated distribution deal.
14 October 2020
A German family-owned pasta business has failed to reopen a Stockholm Chamber of Commerce award in favour of a US distributor on the basis of new evidence that allegedly showed it rested on fraudulent contracts.
13 October 2020
Sovereign states have more resources, legal protections and avenues to deter or delay enforcement than your typical debtor. Given the many hurdles involved in proceedings against them, Phoebe Waters of Burford Capital explains why claimants with an award against a state are wise to engage an asset recovery team to assist them with enforcement.
08 October 2020
The Singapore High Court has upheld a SIAC award despite allegations that the tribunal breached procedure by preventing the claimant’s general manager from serving as co-counsel alongside its external lawyer.
06 October 2020
An ICC tribunal has ordered the consortium that worked on the expansion of the Panama Canal to repay US$265 million to the country's canal authority while awarding the contractor a smaller amount of damages.
28 September 2020
The Supreme Court of Ukraine has dismissed a Russian chemicals group’s challenge to an award won by the Ukrainian state-owned operator of the world’s longest ammonia pipeline in a US$190 million dispute over transit tariffs.
24 September 2020
Iran’s national oil company has failed to overturn an interim award in favour of the UAE’s Crescent Petroleum in an US$18.6 billion dispute over a terminated gas supply deal.
22 September 2020
The Kiev Court of Appeal has refused to enforce an SCC emergency arbitrator award that restrained Ukraine from forcibly selling the assets of a Russian state-owned development bank.
17 September 2020
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
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
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