Work Area: Commercial arbitration
Belgian supreme court upholds ruling on tribunal secretaries
Belgium’s supreme court has affirmed a controversial ruling that ICC awards can be drafted by tribunal secretaries if their work is reviewed by the arbitrators.
24 May 2023
US pharmacy chain brings challenge over Crowell “side-switching”
A US pharmacy chain has challenged a US$642 million award in a dispute over prescription drug prices, alleging it was tainted by the “unethical side-switching” of the counterparty’s law firm, Crowell & Moring.
23 May 2023
Hotel group fails in challenge over ex parte communications
Radisson has failed to overturn a partial award in an ICC dispute over a hotel in Istanbul on the basis that the hotel group continued to participate in the arbitration after obtaining knowledge of its ground of challenge: ex parte communications between a tribunal member and the party that appointed her, which included the sharing of emails showing the tribunal's deliberations.
19 May 2023
Sinopec sees off challenge to Ecuador oilfield award
A Chilean court has upheld a US$64 million award won by Chinese state-owned energy group Sinopec against Ecuador’s national oil company, finding it did not violate national public policy.
18 May 2023
Chinese court enforces award against Evergrande
A Guangdong court has enforced an award worth US$860 million against Chinese property group Evergrande, ordering the company to repurchase a stake it sold to a local investor.
18 May 2023
UN agency faces PCA claim over poultry orders
A Pakistani poultry company has brought a claim against a United Nations agency before the Permanent Court of Arbitration, accusing it of breaching a procurement contract.
16 May 2023
Real Madrid loses sponsorship fight with UAE fund
Spanish football club Real Madrid has lost a €550 million ICC claim against an Emirati sovereign wealth fund that it accused of abandoning a sponsorship agreement to help finance the redevelopment of its stadium.
15 May 2023
Petrobras loses claim against Odebrecht
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
Sachs resigns from troubled Iranian gas dispute
There are now two vacant spots on a tribunal hearing a US$32 billion gas dispute between UAE-based Crescent Petroleum and National Iranian Oil Company, after co-arbitrator Klaus Sachs resigned shortly after the removal of tribunal president Laurent Aynès.
11 May 2023
Lévy Kaufmann-Kohler counsel goes solo in Geneva
Nina Lauber-Thommesen has left her role as counsel at Lévy Kaufmann-Kohler to launch an independent arbitrator practice in Geneva.
11 May 2023