Work Area: Commercial arbitration
Brazilian contractor wins ICC award against PDVSA
An ICC tribunal has ordered Venezuela’s national oil and gas company PDVSA to pay around US$52 million to a Brazilian construction group for terminating contracts to build two gas processing facilities.
22 August 2023
UK court refuses to grant anti-suit injunction in aid of French arbitration
The Commercial Court in London has refused to grant an anti-suit injunction to support a Paris-seated ICC arbitration, saying it would be inconsistent with the French courts’ approach and go against the parties’ intentions.
22 August 2023
Israeli fintech group seeks bankruptcy relief after fraud claims
An Israel-based fintech group facing allegations of a US$4 billion fraud has filed for bankruptcy protection in Delaware, thwarting an insurance broker’s bid for injunctive relief in aid of a threatened arbitration in Bermuda.
21 August 2023
US appeals court upholds Panama Canal awards
A US appeals court has refused to set aside a pair of ICC awards worth US$285 million in favour of the Panama Canal Authority based on the arbitrators’ involvement in unrelated arbitrations.
21 August 2023
Russian court freezes Baker Hughes assets ahead of ICC case
A Russian gas venture has frozen more than US$50 million in assets held by a Baker Hughes subsidiary as it prepares to file an ICC claim over a terminated contract.
18 August 2023
Indian arbitrator refuses to restrain sale of hospital network
An Indian arbitrator has refused a Mumbai healthcare provider’s request for interim measures to restrain a US private equity firm from selling a hospital network to rival bidders.
18 August 2023
Panel ready for Korean nuclear technology dispute
British and Australian arbitrators are hearing a Seoul-seated dispute between a Korean state utility and its former US partner over rights to nuclear reactor technology.
17 August 2023
US court refuses to enforce Moroccan hotel award against “alter ego”
A US court has refused to allow the owner of a demolished Moroccan luxury hotel to enforce its US$60 million ICC award against the debtor’s former parent company, finding the alleged breach of contract was not enough to pierce the corporate veil.
17 August 2023
SIAC to hear chipmakers' dispute over failed merger
A Taiwan-based manufacturer of flash memory controllers has said it will bring a SIAC claim against a US chipmaker for pulling out of a US$3.8 billion merger.
16 August 2023
Winding-up of paper group stayed in favour of HKIAC claim
A Hong Kong court has stayed a six-year-old petition to wind up a Chinese paper company over an unpaid HKIAC award because the debtor is pursuing a larger cross-claim in a second arbitration.
15 August 2023