Work Area: Commercial arbitration
Media dispute wrapped up in Milan
An Italian media group has settled a dispute over the €120 million sale of its historic headquarters to Blackstone after it failed to set aside an award issued in favour of the US private equity group by a Milan-seated tribunal.
22 July 2022
Crypto fund collapse produces billion-dollar claim
A Singapore-based currency trader has filed a US$2.4 billion ICDR claim seeking to recover loans issued to a crypto hedge fund that it says suffered an “unprecedented implosion” following market volatility.
21 July 2022
Singapore company announces win against telecoms partner
A Singaporean technology company says it has won a favourable AAA award against its former partner in a Brazilian mobile network.
21 July 2022
Glassmaker wins ICC award in post-M&A dispute
A Luxembourg-based glassmaker says it has won an US$84 million ICC award against France’s Saint-Gobain relating to a billion-dollar acquisition.
18 July 2022
UK court rules on what makes a valid arbitrator appointment
A recent judgment of the English High Court considered what is required to validly appoint an arbitrator under the 1996 Arbitration Act, calling for a broad, non-technical and pragmatic approach to the question.
14 July 2022
Spat over Shaq leads to ICC award
A Polish foundation has sought to enforce an ICC award over a failed plan to bring retired American basketball player Shaquille O’Neal to Warsaw to participate in events celebrating the 100th anniversary of Poland’s independence.
14 July 2022
California businessman can bring late challenge to Burford award
An English court has said a California businessman is not too late to challenge an LCIA award that requires him to pay more than US$60 million in compound interest to a subsidiary of Burford Capital for breach of a litigation funding deal.
13 July 2022
Iranian state entity can’t appeal US$2.4 billion award
A London court has refused to allow Iran’s national oil company to appeal a US$2.4 billion award on a point of law while rejecting arguments the state entity had waived its right to bring such an appeal.
12 July 2022
“Bitcoin Jesus” faces HKIAC claim
A cryptocurrency exchange has launched an US$84 million HKIAC claim against a prominent investor known as “Bitcoin Jesus” after he allegedly failed to pay back money owed on his account.
11 July 2022
UK court pauses bid to enforce contraceptives award
An Irish pharmaceutical company seeking to enforce an ICC award over intellectual property rights for oral contraceptive products must wait for a Dutch court to decide on a set-aside application, an English judge has ruled.
08 July 2022