Premium article - January 10, 2012
A federal court in New York has refused to enforce an award against Peru because it would breach a Peruvian cap on state payouts - but a dissenting judge says the decision will harm international efforts to promote arbitration. On 14 December, the Second Circuit Court of Appeals ruled that a Peruvian statute limiting the amount of money that a state agency may pay annually to satisfy a judgment to three per cent of its annual budget was a "principal public interest factor" that weighed in favour...
Premium article - March 29, 2012
A court in New Orleans has refused to confirm an arbitral award against a Chinese state-owned shipbuilding group that went unsigned by one of the arbitrators, former CIETAC secretary general Wang Shenchang, because of his detention in China in 2006.
Premium article - April 05, 2012
The Indian government has said it will recognise China and Hong Kong as territories to which the New York Convention applies, the Hong Kong Department of Justice announced today.