Work Area: Enforcement and set-aside

Arbitration revamped in Ecuador

Rodrigo Jijón, Javier Jaramillo and Patricio Quevedo of Pérez Bustamante & Ponce in Quito consider newly enacted regulations in Ecuador that they say strengthen the country’s chances of becoming a regional arbitration hub.

31 August 2021

Chinese state entities lose appeal over Mongolia claim

A US appeals court has rejected three Chinese state-owned entities’ second attempt to revive an investment treaty claim against Mongolia over an iron ore deposit.

26 August 2021

Lagos centre’s award against Nigeria lands in DC

An engineering company that was hired to combat gully erosion in Nigeria has asked a US court to enforce an award against the state, which was issued by an arbitral institution in Lagos.

26 August 2021

Assignee of ICSID award seeks to collect from Argentina

A Delaware entity that acquired the rights to a US$320 million ICSID award against Argentina has applied to enforce it in the US in the wake of a dispute with the administrators of the original claimants.

25 August 2021

Devas shareholders win discovery order against Indian state entity

A US court has ordered an Indian state-owned satellite company to provide discovery to Mauritian shareholders in Bangalore telecoms company Devas Multimedia as they attempt to enforce a billion-dollar ICC award.

25 August 2021

French Council of State upholds Engie award

France’s supreme administrative court has upheld a €33 million ICC award in favour of a subsidiary of French utility Engie in a long-running dispute over the construction of an LNG terminal – affirming that the dismissal of a set-aside application is equivalent to an enforcement order.

24 August 2021

ArcelorMittal targets Essar “alter ego” over billion-dollar award

Luxembourg-based steelmaker ArcelorMittal has filed a new suit in a New York federal court to unwind allegedly fraudulent transfers made by Indian conglomerate Essar to avoid enforcement of a US$1.4 billion ICC award.

20 August 2021

Covid plea fails to blunt razor award

A Swiss court has upheld an LCIA award against the majority shareholder of an Indian razor manufacturer, rejecting arguments that the arbitrators should have postponed a hearing in light of the covid-19 pandemic.

20 August 2021

Finnish investor launches second claim against Egypt

A Finnish businessman has made good on his threat to file a US$500 million investment treaty claim against Egypt over alleged expropriatory behaviour committed by the state after it lost a prior treaty arbitration.

17 August 2021

Hong Kong court enforces against Chinese state entity

A Hong Kong court has enforced a Lebanese steel trader’s LCIA award against a Chinese state-owned entity that was found to have used “guerrilla tactics” in the arbitration after its parent company went bankrupt.

17 August 2021

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