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A Malaysian court has upheld an ad hoc award in a dispute between former partners in an offshore Indian petroleum block that was shut down more than a decade ago.
28 April 2022
Malaysia has asked a French court to overturn a US$15 billion award won by heirs to a sultanate on the island of Borneo, arguing the sole arbitrator had no authority to hear the dispute after his appointment was rescinded.
18 March 2022
An HKIAC-administered tribunal has ruled that Malaysian carmaker Proton validly terminated a joint venture to produce and sell a new luxury SUV for the Chinese market, a dispute that saw its former partner bring a US$3.2 billion counterclaim.
09 March 2022
A Brazilian energy company says an ICC tribunal has rejected its US$1.5 billion claim against a subsidiary of Malaysia’s national oil and gas company Petronas over its decision to pull out of a deal to acquire oil assets off the coast of Rio de Janeiro.
15 February 2022
The Singapore Court of Appeal has affirmed a decision to partially set aside an ICC award over a polysilicon plant because the tribunal upheld a “completely new” defence that was only introduced in closing submissions.
12 November 2021
The Commercial Court in London has ruled that Malaysian sovereign wealth fund 1MDB is not too late to challenge a multibillion-dollar arbitral settlement with an Abu Dhabi government-owned entity that it alleges was intended to cover up a massive fraud.
04 November 2021
Malaysia’s national oil and gas company Petronas has launched an ICSID claim against Sudan after a complex it operates in Khartoum was confiscated following allegations the land rights were illegally obtained.
12 October 2021
A judge in California has refused to allow the US Department of Justice to seize escrow funds held by Clyde & Co for an arbitration client that are allegedly linked to the 1MDB embezzlement scandal in Malaysia.
12 March 2021
A UK judge has refused to compel Clyde & Co to make payments to an arbitration client from escrow funds that US authorities have linked to the 1MDB embezzlement scandal in Malaysia.
01 March 2021
A Singapore court has ruled that the owner of a polysilicon plant was denied a fair chance to respond to a “completely new defence” to an ICC claim for delay damages, which led to a US$15 million reduction in the amount it was awarded.
09 February 2021
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