Region: United Kingdom

Thai bank must face fraudulent transfer claims

One of Thailand's largest commercial banks has failed to knock out part of a UK fraud litigation in which it is accused of conspiring to steal US$2 billion worth of wind energy assets and frustrate enforcement of a US$700 million ICC award.

26 November 2020

Panel told to rethink damages in Kazakh mining dispute

The Commercial Court in London has set aside the quantum findings in a US$50 million investment treaty award in favour of a Canadian mining company against Kazakhstan after ruling that the state was not given a fair opportunity to address damages.

24 November 2020

Mayer Brown promotes two

Mayer Brown has promoted Rachael O’Grady, who is acting in a treaty claim against Romania, to the partnership in London – while Raymond Yang is made counsel in Hong Kong.

20 November 2020

UK adds names to ICSID roster

The United Kingdom has named its latest designations to the ICSID panels of arbitrators and conciliators, after it held an open competition for those appointments for the first time.

11 November 2020

Wales prevails in roadworks dispute

The Welsh government has secured a win on liability in an ad hoc arbitration with a UK construction group relating to cost overruns on a £340 million road expansion project.

29 September 2020

UK court rejects due process challenge to Shell award

An Italian energy company was not deprived of due process in an LCIA arbitration with Shell as a result of being unable to find a senior barrister to represent it after sacking its entire legal team days before the final hearing, the Commercial Court in London has ruled.

14 July 2020

UK court clarifies principles on governing law

The Court of Appeal in London has restrained a party to a pending ICC arbitration from pursuing litigation in Moscow – setting out criteria for determining the proper law governing an arbitration agreement and affirming its power to grant anti-suit injunctions when named as the court of the seat.

11 May 2020

London court holds first virtual trial in Kazakh enforcement dispute

In response to the coronavirus pandemic, the High Court in London has broadcast a virtual trial on YouTube for the first time in its history – as a group of Moldovan creditors attempt to enforce a US$541 million Energy Charter Treaty award against Kazakhstan.

02 April 2020

Steelmaker denied asset freeze in conspiracy suit

The English Commercial Court has refused to grant a worldwide freezing order against the Essar group and two of its owners, saying steelmaker ArcelorMittal had not shown a good arguable case that they conspired to frustrate enforcement of a US$1.5 billion ICC award.

31 March 2020

UK court blocks funding of ICSID claim

The High Court in London has blocked a UK company from funding a US$6 billion ICSID claim against Turkey, finding there was a “seriously arguable” case that the document that provides the jurisdictional basis for the arbitration had been forged.

27 March 2020

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