Premium article - February 09, 2016
The High Court in London has criticised insolvent Brazilian oil and gas company OGX for seeking to frustrate an LCIA arbitration by means of an application to have a Brazilian court-approved reorganisation plan recognised in the UK.
Premium article - February 10, 2016
An ICC tribunal has ordered the National Iranian Gas Company to grant a discount on the price of gas exports to Turkey, in the latest round of a multibillion-dollar dispute over a 25-year supply agreement.
Premium article - March 09, 2016
A New York Times report identifying a controversial Indian property developer as the owner of a US$35 million penthouse in the Time Warner Center has led to an unsuccessful action to enforce an arbitral award in New York and new law on section 1782 discovery and service of foreigners in the US.
Premium article - March 11, 2016
A court in Argentina has set aside an award on liability in a US$1.3 billion ICC case arising from the country's 2004 energy crisis, after holding that the parties' contract gave it exclusive jurisdiction to hear the challenge even though the arbitration is seated in Uruguay. Argentina's federal administrative appeal court recently affirmed a judgment it issued last December, which set aside a 2013 arbitral award against Argentine state oil and gas producer YPF. The award held YPF liable for breaching...
Premium article - April 25, 2016
A Guernsey company accused of obtaining mining rights in Guinea through bribery has been refused permission to use confidential documents produced in a lawsuit against it as evidence in a related LCIA arbitration.
Premium article - May 05, 2016
The Hong Kong Court of First Instance has refused to halt the enforcement of an award rendered in Kuala Lumpur despite a coal supplier's allegation that it was obtained through use of forged documents.
Premium article - May 13, 2016
France's EDF International has defeated claims over the controversial sale of its stake in a power company to the German federal state of Baden-Württemberg after an ICC tribunal ruled that there was no state aid involved and that the claims were an abuse of European law.
Premium article - June 08, 2016
A New York court has temporarily restrained General Electric from pursuing an ICC claim against French transport group Alstom over the US$800 million sale of a rail-signalling business, also calling a halt to emergency arbitrator proceedings.
Premium article - June 14, 2016
UPDATED: Embattled Malaysian sovereign wealth fund 1MDB has been hit with a US$6.5 billion LCIA claim from a UAE state entity for allegedly reneging on a bailout deal in the wake of a scandal over missing funds. Abu Dhabi's International Petroleum Investment Company (IPIC) and its subsidiary Aabar Investments have filed the request for arbitration against 1MDB and another entity controlled by Malaysia's ministry of finance. IPIC announced the filing today in a disclosure to the London Stock...
Premium article - June 16, 2016
Russian state-owned nuclear company Atomstroyexport has won €550 million plus interest from Bulgaria's national electricity company, after a five-year-long dispute that went to ICC arbitration in Geneva.