Premium article - February 15, 2016
The High Court in London has criticised Canadian mining company Gold Reserve and its counsel Norton Rose Fulbright for failing to raise sovereign immunity issues when obtaining leave to enforce a US$740 million ICSID award against Venezuela.
Premium article - February 26, 2016
The Royal Court of Jersey has granted a company leave to enforce two ICC awards against shares held by Turkish state-owned petroleum company BOTAŞ, rejecting arguments that they are protected by sovereign immunity.
Premium article - March 04, 2016
A defence company has applied to a US court to enforce a US$26 million ICC award against Libya relating to a supply contract disrupted during the Arab Spring.
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 01, 2016
The United States government has intervened in an appeal over the recognition of a US$1.6 billion award against Venezuela, arguing that the Foreign Sovereign Immunity Act still applies even when enforcing awards under the ICSID Convention.
Premium article - April 07, 2016
In a rare move, an ICSID annulment committee hearing Venezuela's attempt to overturn an award in favour of US bottlemaker Owens-Illinois has lifted a stay of enforcement ahead of the outcome of the proceeding.
Premium article - April 13, 2016
Days after winning a US$1.4 billion ICSID award against Venezuela, distressed Canadian mining company Crystallex has applied to enforce it in the courts of Washington, DC.
Premium article - April 20, 2016
UPDATED. In a spectacular reversal of fortune for Russia, a court in The Hague has set aside the US$50 billion Energy Charter Treaty awards in favour of the former majority shareholders in the Yukos Oil Company on jurisdictional grounds.
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.