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Two minority shareholders in Brazil’s national oil and gas company Petrobras have failed to persuade a São Paulo court to reinstate a jurisdictional award in a US$34 billion arbitration against Brazil arising from the Lava Jato corruption scandal.
22 November 2023
An Indian authority has issued an interim injunction to prevent a Mauritian private equity fund from pursuing a Singapore-seated ICC arbitration against the founder of an online matchmaking service – months after the Singapore courts affirmed the dispute was arbitrable.
18 September 2023
Brazil’s Petrobras has lost a US$162 million arbitration against the construction group formerly known as Odebrecht over alleged violations of a shareholders’ agreement for a petrochemicals company.
11 May 2023
An arbitrator in Hong Kong has dismissed a US$147 million claim against a Chinese property developer arising from a voided share purchase, as it battles to regain control of valuable assets on the mainland.
24 April 2023
A Bolivian politician’s company has ended its efforts to enforce a US$36 million award in the US courts despite pending annulment proceedings in Bolivia, after it reached a settlement with the Mexican award debtor.
17 March 2023
An Indian fintech company has filed a SIAC claim to recover shares owned by one of its founders who it has accused of fraud and embezzlement.
12 December 2022
An UNCITRAL tribunal has ordered Venezuela to pay US$105 million to a Barbadian subsidiary of Occidental Petroleum after finding the state liable for discriminatory conduct in its payment of dividends from an oil and gas venture.
18 November 2022
A company owned by Angolan billionaire Isabel dos Santos has lost a final appeal in the French courts relating to a US$646 million award, failing on arguments that the ICC was wrong to appoint all five members of the tribunal itself or that an arbitrator failed to disclose potential conflicts.
15 November 2022
A US court has enforced a US$450 million CIETAC award against a Chinese billionaire over investments in a cinema company, rejecting arguments that the tribunal was biased and failed to properly address his allegations of fraud.
04 October 2022
One of China’s largest mining groups has launched an ICC claim over the purchase of a stake in a major lithium project in the Democratic Republic of the Congo.
13 May 2022
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