Topic: Public policy

Russian bank loses Ukrainian appeal over emergency award

Ukraine’s Supreme Court has affirmed that an SCC emergency arbitrator award restraining the forcible sale of assets of a Russian state-owned bank cannot be enforced.

27 January 2021

Agent can’t revive ICC claim after “kickbacks”

A Swiss court has upheld an ICC award that blocked a Panamanian company from recovering agency commissions from a client after it emerged the agent’s founder had paid “kickbacks” to one of the client’s employees.

21 January 2021

Port project award upheld in Egypt

A court in Cairo has upheld an ICC award requiring an Egyptian state authority to pay US$490 million to a Kuwaiti-led consortium for terminating a contract to build a container terminal facility at the port of Damietta.

14 December 2020

US court confirms Indian satellite award

A US court has confirmed a US$562 million ICC award against Indian state-owned satellite company Antrix, rejecting suggestions that the tribunal had been improperly constituted.

29 October 2020

Brazilian airline’s award enforced in Cayman Islands

The Court of Appeal of the Cayman Islands has enforced a Brazilian airline’s US$55 million ICC award against two private equity funds, ruling that the arbitrators were entitled to decide the case on a legal ground not pleaded by the parties.

19 August 2020

Is “public policy” back to haunt enforcement in India?

Ila Kapoor and Shruti Sabharwal of Shardul Amarchand Mangaldas & Co consider whether the Indian Supreme Court’s recent refusal to enforce a foreign award on public policy grounds has turned the clock backwards.

07 May 2020

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