Organisation: ICC International Court of Arbitration

Swiss trader defeats claim over Congo oil field

An ICC tribunal has declined to hear a UK energy company’s US$200 million claim against a Swiss commodities trader over an oil field in the Republic of the Congo – finding no basis to extend an arbitration clause to non-signatories.

29 August 2023

US appeals court upholds Panama Canal awards

A US appeals court has refused to set aside a pair of ICC awards worth US$285 million in favour of the Panama Canal Authority based on the arbitrators’ involvement in unrelated arbitrations.

21 August 2023

Kosovo Telecom loses challenge to ICC award

A Kosovan government-owned mobile operator has failed to overturn a €10 million ICC award that found it breached an obligation to negotiate a contract renewal in good faith.

21 July 2023

Libyan state entity settles with Turkish construction joint venture

A Turkish joint venture says that a Libyan state entity has agreed to pay US$35.4 million to settle an ICC dispute over a construction project disrupted by the country’s civil war.

19 July 2023

Cypriot real estate investor gambles on arbitration

A Cyprus-based company controlled by an online poker entrepreneur has filed an ICC claim against two Spanish real estate developers over a €600 million luxury complex in Madrid.

07 July 2023

ICC rejects call for Miami conference boycott

The ICC has rebuffed a call from prominent Mexican practitioner Marco Tulio Venegas to move its annual conference away from Miami in protest at Florida’s new anti-immigration law.

07 July 2023

Anti-suit injunction upheld in Russian ammonia plant dispute

The Court of Appeal in London has affirmed that Italian engineering group Tecnimont breached an anti-suit injunction issued in aid of a billion-euro ICC arbitration over a Russian ammonia plant disrupted by international sanctions.

03 July 2023

Cayman court injuncts Iraqi businessman in telecoms feud

Kuwait’s Agility and France’s Orange have won a Cayman freezing injunction against a prominent Iraqi businessman and military commander in aid of efforts to enforce a US$1.6 billion ICC award.

22 June 2023

Sanofi wins ICC case over recalled heartburn drug

French pharmaceuticals group Sanofi says an ICC tribunal has ruled in its favour in a dispute with Germany’s Boehringer Ingelheim over US litigation liabilities arising from withdrawn heartburn drug Zantac.

20 June 2023

Colombian state entity reports billion-dollar win

Colombia’s state-owned oil company Ecopetrol says it has been awarded US$1 billion in damages in an ICC dispute with a US contractor over a troubled refinery in Cartagena.

08 June 2023

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