Work Area: Commercial arbitration
Brazilian chamber to hear telecoms M&A dispute
Leading telecoms groups Telefónica, América Móvil and TIM have launched arbitration against troubled Brazilian operator Oi to slash the US$3.1 billion price they agreed to pay for its mobile assets.
05 October 2022
Shell complies with ICC award over LNG facility
The US operator of a liquified natural gas storage facility in Mexico has halted efforts to enforce an ICC award in a US$1.3 billion dispute with subsidiaries of Shell and Gazprom, saying the Shell unit is now in “full compliance” with the award.
30 September 2022
Kabab-Ji ruling cements cross-Channel clash
The French Court of Cassation has upheld an ICC award won by Lebanese company Kabab-Ji after confirming that French law applied to the arbitration agreement, cementing an “embarrassing” clash with the UK’s top court which has already denied enforcement after finding that English law applied.
29 September 2022
Gazprom tells Naftogaz to drop ICC claim or risk sanctions
Gazprom has warned Ukraine’s Naftogaz that it must drop an ICC claim over gas transportation fees or risk sanctions that could result in the closure of a critical Russian pipeline supplying Europe.
28 September 2022
Sinopec entity liable in oil storage dispute
The operator of an oil storage terminal in the US Virgin Islands has applied to enforce an ICDR award against a subsidiary of Chinese state-owned petroleum company Sinopec over a US$500 million lease agreement.
27 September 2022
SIAC to hear claim over Seoul skyscraper sale
UPDATED: A South Korean investment firm has launched a SIAC claim after pulling out of a deal to acquire a landmark development in Seoul’s financial district for nearly US$2.8 billion.
26 September 2022
Aston Martin faces claim over hypercar project
British luxury carmaker Aston Martin has been hit with an ICC claim reportedly worth £150 million over a terminated deal to underwrite its Valkyrie hypercar.
23 September 2022
Mumbai centre hears billion-dollar M&A dispute
India’s Reliance Infrastructure is pursuing a US$1.7 billion claim at the Mumbai Centre for International Arbitration over the sale of a power distribution business.
15 September 2022
Naftogaz brings ICC claim against Gazprom
Ukraine’s state-owned oil and gas company Naftogaz says it has launched an ICC claim against Gazprom over its failure to pay for gas transportation following the Russian invasion of the country.
12 September 2022
How a Nigerian steel saga settled after 14 years
More details have emerged about a multibillion-dollar ICC dispute that is said to have paralysed Nigeria’s steel industry for 14 years before the parties agreed to settle for a significantly reduced sum.
09 September 2022