Topic: Force majeure

Gazprom sheds light on dispute with Finnish gas buyer

Gazprom has provided more details about an award issued in an arbitration with a Finnish state-owned gas importer, saying the tribunal ruled the Russian company is owed over €300 million and was entitled to cut off supplies owing to force majeure.

17 November 2022

Inter-Pacific event predicts “great opportunities for change”

The Inter-Pacific Bar Association Arbitration Day in Singapore saw more than 100 delegates gather to discuss how international arbitration in the region has fared during the pandemic and will fare in future.

14 October 2022

Valuation in a time of uncertainty

A conference in Prague considered how arbitrators and quantum experts should deal with the impact of sanctions, counter-sanctions and high inflation. Tatiana Rukhliada, Martin Kozak and Katerina Skryjova of PwC in Prague report.

23 September 2022

Shell and Gazprom chased over LNG storage award

The operator of an LNG storage facility in Mexico has asked a US court for leave to subpoena affiliates of Shell and Gazprom in aid of efforts to enforce a now-public ICC award worth more than US$600 million.

31 August 2022

Solar panel maker argues TotalEnergies fraud suit should go to ICC

A Chinese solar panel manufacturer has told a US court that a US$100 million fraud litigation brought by the renewables arm of France’s TotalEnergies belongs in ICC arbitration.

12 August 2022

Force majeure issues in today’s gas market

Michelle Bock, Max Rockall, George von Mehren and Stephen Anway of Squire Patton Boggs consider issues of force majeure in the context of Gazprom’s sharp reduction in supplies of gas to Europe.

27 July 2022

Iraqi sea wall award comes to light

A Greek contractor has applied to enforce a US$105 million ICC award against an Iraqi state ports company over a record-breaking sea wall whose construction was allegedly delayed by an ISIS offensive and other issues.

07 June 2022

Naftogaz signals new claim against Gazprom over transit fees

Ukraine’s state-owned oil and gas company Naftogaz has launched a pre-arbitration procedure against Gazprom for underpayment of gas transit fees, also suggesting it may seek to revive a US$12.2 billion claim that was settled more than three years ago.

27 May 2022

US gas company loses bid to force pipeline takeover

A US natural gas producer has failed to force through the purchase of a US$540 million pipeline at a reduced price after a tribunal ruled that a delay in the project was not the fault of the contractor.

01 November 2021

Indian investor’s covid plea can’t save claim against Libya

An UNCITRAL tribunal has terminated an Indian construction company’s US$110 million treaty claim against Libya for a failure to pay required advances, despite a plea from the investor that coronavirus conditions in its home country warranted granting an extension.

02 August 2021

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