Work Area: Commercial arbitration
Russian court refuses to stay lawsuit for HKIAC arbitration
A Russian court has refused to suspend a billion-euro lawsuit in favour of HKIAC arbitration – finding there was reason to doubt the sanctioned defendant would be guaranteed a fair trial at the Hong Kong centre.
05 July 2023
Construction group reports win in Stockholm mall dispute
A Swedish construction group says it has won an SCC award worth US$129 million in a dispute with a subsidiary of France’s Unibail-Rodamco-Westfield over one of Scandinavia’s largest shopping malls.
04 July 2023
Award creditors accuse law firm of enabling evidence tampering
A group of cinema investors have asked a US court to sanction a Chinese billionaire and his counsel – accusing the law firm of enabling their client to destroy evidence and evade enforcement of a US$450 million CIETAC award.
29 June 2023
Vedanta settles oilfield dispute with Baker Hughes
Indian multinational Vedanta has settled a US$330 million ad hoc arbitration with Baker Hughes over an oilfield project that was disrupted by covid-19.
28 June 2023
Beverage maker seeks arbitration of Diddy race row
The UK beverage company that produces Guinness, Smirnoff and Johnnie Walker has asked a New York court to compel ICC arbitration of a lawsuit filed by US rapper Diddy – who has accused the company of racism in failing to develop his tequila brand.
28 June 2023
Antibody award lands in Hong Kong and Cayman Islands
A California pharmaceuticals company has applied to courts in Hong Kong and the Cayman Islands to enforce a US$23 million ICC award relating to a collaboration to develop cancer-fighting antibodies.
27 June 2023
Mexico faces NAFTA claim over labour ruling
A Canadian energy company has brought a NAFTA legacy claim against Mexico after an employment tribunal ordered it to pay US$120 million to a former employee.
27 June 2023
Founders of crypto start-up face trade secrets claim at LCIA
Two founders of a cryptocurrency start-up are facing an LCIA claim from their former employer over alleged theft of trade secrets.
26 June 2023
US Supreme Court stays crypto lawsuit for arbitration appeal
The US Supreme Court has ruled that a lawsuit brought by customers of cryptocurrency exchange Coinbase should be automatically stayed while the company appeals a ruling rejecting its bid to compel arbitration – a move dissenting justices said would open a “Pandora’s box” for parties seeking to frustrate litigation.
26 June 2023
US Supreme Court confirms availability of RICO to foreign award creditors
The US Supreme Court has ruled that a Russian businessman can use the country’s anti-racketeering law, RICO, to enforce an LCIA award – creating a new avenue for foreign arbitral creditors targeting US assets.
23 June 2023