Work Area: Commercial arbitration
Korean shipbuilder faces claim from Russian clients
A Korean shipbuilder is reportedly facing a US$890 million SIAC claim from three Russian companies after it cancelled contracts over sanctions and alleged non-payment.
02 June 2023
Hyundai unit settles Omani sewage dispute
An Omani engineering company has agreed to settle an ICC dispute with a Hyundai affiliate over delays to a billion-dollar sewage treatment plant in Muscat.
02 June 2023
LCIA hears claims over aircraft stranded in Russia
An Irish leasing company has filed a US$600 million LCIA claim against Russian airline Aeroflot – one of several arbitrations the flag carrier is facing over planes left stranded in Russia following its invasion of Ukraine.
01 June 2023
Spanish arbitrator charged over Malaysia mega-award
More than 60 arbitration practitioners have condemned the decision of Spanish authorities to bring criminal charges against Gonzalo Stampa over his role as the arbitrator who issued a US$15 billion award against Malaysia.
31 May 2023
Indian power plant award challenged in Singapore
India’s Reliance Infrastructure has challenged a US$146 million SIAC award in favour of a Chinese energy group over the supply of equipment for a coal-fired power station – as a second arbitration continues.
31 May 2023
Freezing order lifted in Adidas footwear feud
A New York court has lifted an attachment over assets held by rapper Kanye West and his Yeezy shoe brand, obtained by Adidas pending JAMS proceedings the sportswear group filed after it ended their partnership following his antisemitic and racist rants.
30 May 2023
Indian court rules on third-party funding
The High Court of Delhi has ruled that third-party funders should not be liable to pay adverse awards where they are not party to the arbitration agreement or arbitral proceedings, saying “third-party funding is essential to ensure access to justice”.
30 May 2023
Spanish wind farm award survives challenge over virtual hearing
A French court has upheld an ICC award issued in favour of a Saudi energy company over its collapsed deal to buy Spanish wind farms, finding that the tribunal did not violate procedure by conducting a hearing virtually during the pandemic.
29 May 2023
Lebanese businessman fights to revive claim against Marriott
An ICC panel is hearing a Lebanese businessman’s bid to revive a US$120 million claim against US-based Marriott International over a Beirut hotel that has spawned multiple arbitrations over the past two decades.
26 May 2023
Vietnam project developer fails to halt insolvency process using SIAC clause
A Singapore court has placed the developer of a large power plant project in Vietnam in judicial management, refusing to grant a stay on the grounds that a disputed debt should be referred to SIAC arbitration.
25 May 2023