Work Area: Commercial arbitration

Tribunal refuses to stay treaty case after “unprecedented” injunction

An UNCITRAL tribunal has refused to stay an Indian investor’s US$156 million treaty claim against Mozambique based on an “unprecedented” anti-arbitration injunction issued by an ICC tribunal hearing a related contractual case between the parties.

19 December 2022

Iranian gas award enforced in Rotterdam

Iran’s national oil company has failed to halt enforcement of a US$2.4 billion award in Rotterdam despite its last-minute entreaty to Dutch prosecutors to investigate the Emirati award creditor for alleged corruption.

13 December 2022

SIAC to hear Indian fintech feud

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

Swiss bankers liable in dynastic dispute

Former partners at Geneva’s oldest private bank breached good faith obligations by failing to inform two descendants of its founder of their dynastic right to join the partnership, an arbitral tribunal chaired by Hamid Gharavi has ruled.

09 December 2022

ICC to hear claims over Congo lithium venture

An Australian mining company is bringing a pair of ICC arbitrations against its former joint venture partner in a battle for ownership of a major lithium project in the Democratic Republic of the Congo – months after a Chinese multinational brought a claim over the same project.

09 December 2022

Gazprom faces second German gas supply claim

RWE has reportedly launched arbitration against Gazprom over halted gas supplies – a week after another German energy company Uniper brought a multibillion-euro claim against the Russian state entity.

05 December 2022

Ukrainian lawyers charged with fraud in Switzerland

Three partners at Ukrainian firm Eterna Law have been charged with fraud in Switzerland after a former arbitration client accused them of forging a legal services agreement.

02 December 2022

Uniper brings claim against Gazprom

Germany’s Uniper says it has initiated a Stockholm arbitration against Gazprom, claiming damages of at least €11.6 billion for the curtailment of gas supplies in the wake of Russia’s war in Ukraine.

30 November 2022

Jay-Z and Bacardi go to ICDR over cognac venture

An ICDR panel chaired by Foley Hoag partner Daniel Schimmel is hearing a US$2 billion dispute between Jay-Z and Bacardi over a cognac business, it has emerged.

30 November 2022

Arbitration clauses held inoperative under Canadian insolvency law

Canada’s insolvency legislation empowers courts to declare arbitration clauses inoperative if enforcing them would compromise a receivership and hurt creditors, the country's Supreme Court has ruled.

29 November 2022

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