Work Area: Commercial arbitration

Biopharma group declares win against Janssen

An Irish biopharma company says it has received a final award in its dispute with Janssen Pharmaceuticals over the licensing of nanotechnology for the treatment of schizophrenia and HIV, which will enable it to obtain US$425 million in additional revenue.

06 June 2023

An “earthquake” for distribution law in Belgium

Belgium’s supreme court has overturned decades of precedent to hold that disputes over the termination of exclusive distribution agreements are arbitrable even when governed by a foreign law – a ruling one commentator has called an “earthquake” for Belgian commercial distribution law.

05 June 2023

Korean shipbuilder faces claim from Russian clients

A Korean shipbuilder is reportedly facing a US$890 million SIAC claim from three Russian companies after it cancelled contracts over sanctions and alleged non-payment.

02 June 2023

Hyundai unit settles Omani sewage dispute

An Omani engineering company has agreed to settle an ICC dispute with a Hyundai affiliate over delays to a billion-dollar sewage treatment plant in Muscat.

02 June 2023

LCIA hears claims over aircraft stranded in Russia

An Irish leasing company has filed a US$600 million LCIA claim against Russian airline Aeroflot – one of several arbitrations the flag carrier is facing over planes left stranded in Russia following its invasion of Ukraine.

01 June 2023

Spanish arbitrator charged over Malaysia mega-award

More than 60 arbitration practitioners have condemned the decision of Spanish authorities to bring criminal charges against Gonzalo Stampa over his role as the arbitrator who issued a US$15 billion award against Malaysia.

31 May 2023

Indian power plant award challenged in Singapore

India’s Reliance Infrastructure has challenged a US$146 million SIAC award in favour of a Chinese energy group over the supply of equipment for a coal-fired power station – as a second arbitration continues.

31 May 2023

Freezing order lifted in Adidas footwear feud

A New York court has lifted an attachment over assets held by rapper Kanye West and his Yeezy shoe brand, obtained by Adidas pending JAMS proceedings the sportswear group filed after it ended their partnership following his antisemitic and racist rants.

30 May 2023

Indian court rules on third-party funding

The High Court of Delhi has ruled that third-party funders should not be liable to pay adverse awards where they are not party to the arbitration agreement or arbitral proceedings, saying “third-party funding is essential to ensure access to justice”.

30 May 2023

Spanish wind farm award survives challenge over virtual hearing

A French court has upheld an ICC award issued in favour of a Saudi energy company over its collapsed deal to buy Spanish wind farms, finding that the tribunal did not violate procedure by conducting a hearing virtually during the pandemic.

29 May 2023

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