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Ukraine is petitioning the United Nations to create a commission to resolve claims against Russia for financial damages arising out of the war – amid speculation that some US$300 billion in frozen Russian central bank assets could be targeted for enforcement.
10 October 2022
Two British Virgin Islands companies have asked a US court to overturn an ICDR award that found they are bound by an arbitration agreement in a US$146 million dispute with Google’s Asian arm over unpaid advertising fees.
08 September 2022
An English court has said a California businessman is not too late to challenge an LCIA award that requires him to pay more than US$60 million in compound interest to a subsidiary of Burford Capital for breach of a litigation funding deal.
13 July 2022
Peter Ferrer of Harneys considers a recent British Virgin Islands freezing injunction granted in aid of a foreign arbitration against non-signatories and how it departs from English principles.
25 February 2022
A Paris court has upheld a US$74 million ICC award against two affiliates of Kuwaiti transport and logistics group KGL despite arguments that one of them was not a signatory to the contract.
28 January 2022
A US court has ruled that a lawsuit brought against King & Spalding by a former client over the division of the proceeds of a US$45 million investment treaty award against Vietnam should go to arbitration.
13 January 2022
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
A group of distressed investment funds have sought bankruptcy protection in New York to prevent a Brazilian airline from enforcing a decade-old ICC award worth US$60 million against their assets.
09 July 2021
A UK energy company pursuing an ICSID claim against the Republic of the Congo over an oil field has filed a related ICC case worth US$200 million against a Swiss commodities trader.
07 July 2021
The Supreme Court of Costa Rica has confirmed a US$23 million ICC award against one of the country’s largest construction groups – despite the fact it had not signed the underlying arbitration agreement.
22 March 2021
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