Work Area: Commercial arbitration
Firtash suit falls foul of draft LCIA clause
A Dutch court has declined jurisdiction over various defendants in a US$500 million litigation brought by a company owned by Ukrainian oligarch Dmytro Firtash after finding that an LCIA arbitration clause in a draft contract was valid.
28 September 2023
Djibouti fails to quash bank subpoenas in port dispute
A US court that enforced LCIA awards worth US$541 million against Djibouti earlier this year has rejected the state’s bid to quash subpoenas served on 10 banks in connection with post-judgment discovery efforts.
27 September 2023
Evergrande gets stay of HKIAC claim
A Hong Kong court has granted a request by embattled Chinese property developer Evergrande to restrain an HKIAC arbitration worth US$110 million brought by one of its creditors, finding it would interfere with winding-up proceedings.
26 September 2023
Besson award surfaces in uranium trading dispute
UPDATED: A French-owned uranium trader has asked a US court to enforce an ICC award issued by Swiss arbitrator Sébastien Besson over supplies of uranium ore destined for a plant in Argentina.
26 September 2023
Edinburgh hosts inaugural ArbFest
The inaugural Edinburgh International Arbitration Festival, or ArbFest, took place on 21 and 22 September, featuring discussion of emerging technologies and ESG, the advantages of smaller institutions and ISDS. Lilit Nagapetyan, PhD candidate at the Queen Mary School of International Arbitration, reports.
26 September 2023
UK court grants another injunction in support of foreign-seated ICC clause
In a further UK decision on interim anti-suit relief in support of foreign-seated arbitrations, the Commercial Court in London has prohibited a party from pursuing litigation in the Russian courts – again enforcing an ICC arbitration clause with a Paris seat.
25 September 2023
Korean company defeats US suit over nuclear technology
A court in Washington, DC has thrown out a US power company’s lawsuit against its former Korean partner over the export of nuclear reactor technology – as a Seoul-seated arbitration continues.
22 September 2023
Italian court won’t enforce partially annulled ICC award
An Italian court has ruled it has no power to enforce the surviving parts of an ICC award relating to a Malaysian steel plant after it was partially set aside at the seat of the arbitration in Singapore.
22 September 2023
Repsol brings claim against LNG supplier
Spanish energy company Repsol has reportedly filed a US$100 million ICC claim against US exporter Venture Global – the fourth known case the supplier is facing over its alleged failure to provide contracted deliveries of liquefied natural gas.
21 September 2023
UK appeal court grants anti-suit injunction in aid of French arbitration
The Court of Appeal in London has restrained a party to a pending Paris-seated ICC arbitration from pursuing litigation in the Russian courts, overturning an earlier ruling that declined to issue the relief.
21 September 2023