Work Area: Commercial arbitration
ICC award looms in US-Chinese biotech dispute
A US biotech company and its Chinese partner are awaiting an ICC award in a US$200 million-plus dispute over a collaboration to develop cancer-fighting antibodies.
27 October 2022
Haigh goes solo after five decades
Leading Canadian arbitrator David Haigh KC is leaving the partnership at Calgary firm Burnet Duckworth & Palmer, his home for more than 50 years, to practise independently.
27 October 2022
Argentina faces ICC claims over highway concessions
The companies that operate the two largest highways connecting to Buenos Aires have launched ICC arbitration in response to the Argentine government’s move to annul the concessions.
26 October 2022
DIFC court refuses to injunct onshore lawsuit
A court in the Dubai International Financial Centre has refused to restrain a Dubai contractor from pursuing litigation in the emirate’s onshore courts, despite arguments it is in breach of an agreement to arbitrate in the DIFC.
25 October 2022
Iranian state entity’s award challenge thrown out
Iran’s national oil company has lost another challenge to a US$2.4 billion award in favour of the UAE’s Crescent Petroleum in a long-running dispute over a failed gas supply deal.
24 October 2022
Crypto platform faces claim over “wallet-draining” scam
Nearly 100 individual investors are bringing an arbitration against US cryptocurrency exchange Coinbase, alleging a security flaw allowed scammers to drain more than US$21 million in assets from their accounts.
21 October 2022
UK judge rejects apparent bias challenge in power dispute
A UK judge has refused to disqualify three arbitrators from a US$500 million power supply dispute that has led to allegations of fraud, while taking issue with the view that the UNCITRAL rules permit interim remedies to be granted in the form of an award.
18 October 2022
LCIA gets exemption from Russia and Belarus sanctions
The London Court of International Arbitration has been granted a general licence allowing it to process payments from parties subject to the UK’s recent financial sanctions against Russia and Belarus to cover their arbitration costs.
17 October 2022
Singapore's plans unmasked in interview with minister
On the day that Singaporeans were permitted to unmask inside for the first time since the pandemic, Lucy Reed interviewed Singapore's minister of home affairs and minister for law K Shanmugam SC about the city-state's future as a leading arbitration centre.
14 October 2022
Sleepless nights over sanctions
A conference organised by the Swiss Arbitration Association (ASA) considered economic sanctions and the many ways they can affect international arbitration and cause “sleepless nights” for practitioners. Chloé Terrapon Chassot of Walder Wyss reports.
12 October 2022