News

SIAC to hear claim over Seoul skyscraper sale

UPDATED: A South Korean investment firm has launched a SIAC claim after pulling out of a deal to acquire a landmark development in Seoul’s financial district for nearly US$2.8 billion.

26 September 2022

Greenland avoids interim measures in mining dispute

An Australian company bringing an arbitration against Greenland over a uranium mining ban has failed to get interim measures to restrain the island country from making a final decision on its bid for an exploitation licence.

26 September 2022

“Zero legitimacy”: investment court under fire at ICCA

A session on ISDS reform at the ICCA Congress heard criticism of plans for a multilateral investment court and shed light on recent discussions at UNCITRAL, including a “rebellion” by some developed states against a proposal to curb double hatting.

26 September 2022

EU parliament calls for regulation of third-party funding

The European Parliament has called for regulation of third-party funders, including a potential 40% cap on their share of recovery, an obligation to pay adverse costs, and disclosure of funding agreements.

23 September 2022

Aston Martin faces claim over hypercar project

British luxury carmaker Aston Martin has been hit with an ICC claim reportedly worth £150 million over a terminated deal to underwrite its Valkyrie hypercar.

23 September 2022

New ASA board achieves gender parity

The Swiss Arbitration Association (ASA) has elected a new board to take over next year, adding more foreign members and achieving gender parity for the first time.

23 September 2022

Valuation in a time of uncertainty

A conference in Prague considered how arbitrators and quantum experts should deal with the impact of sanctions, counter-sanctions and high inflation. Tatiana Rukhliada, Martin Kozak and Katerina Skryjova of PwC in Prague report.

23 September 2022

Indian airline funds unfrozen in Canada

A Quebec appeal court has unfrozen US$17 million in funds belonging to India’s national flag carrier, finding that the province’s civil code does not permit enforcement against a state-owned company merely because it is an “alter ego” of a debtor state.

22 September 2022

Reforms proposed for England’s 1996 Act

Practitioners have been reacting to initial proposals by the Law Commission of England and Wales for reform of the Arbitration Act 1996, including on arbitrators’ duties of disclosure, summary disposal, jurisdictional challenges and emergency arbitration.

22 September 2022

Malaysian silk leaves UK for Singapore

After 25 years in the UK, Malaysian-born barrister and arbitrator Jern-Fei Ng KC has announced he is moving to Singapore.

22 September 2022

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