Work Area: Commercial arbitration
Chinese property group defeats HKIAC claim by ex-shareholder
An arbitrator in Hong Kong has dismissed a US$147 million claim against a Chinese property developer arising from a voided share purchase, as it battles to regain control of valuable assets on the mainland.
24 April 2023
Janssen defeats second claim over cancer drug royalties
Belgium’s Janssen Pharmaceuticals has defeated a US$405 million claim brought by a Danish biotech company over a blood cancer treatment – having already won a previous arbitration concerning the same licensing agreement.
21 April 2023
ICC defeats French lawsuit over conduct of arbitration
The French Court of Cassation has dismissed a €39 million lawsuit brought against the International Chamber of Commerce by an arbitration user that complained it was treated unfairly.
20 April 2023
Asian private equity dispute heads to SIAC
The Singapore International Arbitration Centre is hearing a dispute between two Asian private equity firms over the cancellation of a billion-dollar acquisition of a manufacturing business.
20 April 2023
London Stock Exchange wins forex data dispute
The operators of the London Stock Exchange and the FTSE 100 Index have asked a US court to enforce an US$11.5 million AAA-ICDR award in a dispute related to the US$27 billion acquisition of a foreign exchange data business.
19 April 2023
Deripaska escapes contempt claim in London
The Commercial Court in London has refused to have Russian oligarch Oleg Deripaska committed to prison for contempt of court over allegations that he flouted undertakings he had given in an action to enforce an LCIA award against him.
18 April 2023
Security contractor wins enforcement against Guinea
A US court has confirmed a pair of ICC awards worth more than €50 million won by an Israeli-owned security contractor against Guinea after the state failed to appear in the enforcement proceedings.
17 April 2023
Highway investors take Honduras to ICSID
A group of investors in a terminated highway construction project have brought a contractual claim against Honduras at ICSID, as more details emerge about a separate claim by a financial services company.
17 April 2023
Freshfields promotes in Singapore and Saudi Arabia
Freshfields Bruckhaus Deringer has promoted Samantha Tan in Singapore and Amani Khalifa, who will shortly relocate from Dubai to Riyadh, to the partnership.
17 April 2023
US appeals court does U-turn over grounds for set-aside
In a decision that affects Miami and Atlanta as arbitral seats, a US federal appeals court has held that the grounds for setting aside New York Convention awards in US-seated arbitrations are found in domestic law rather than the convention – overruling its own precedents and aligning with four other US circuits.
14 April 2023