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
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
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
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
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
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
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
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
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
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
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