Work Area: Commercial arbitration

A Canadian energy infrastructure group says it has reached a deal with a Mexican state utility to develop a new US$4.5 billion offshore natural gas pipeline, bringing an end to a pair of LCIA arbitrations relating to existing onshore pipelines.

08 August 2022

German car parts manufacturer Continental AG has won more than US$40 million in an ICC claim against a US semiconductor group over defective airbag control units and may also be able to recover future recall costs.

05 August 2022

A Brazilian court has upheld an ICC award in an acrimonious dispute over the multibillion-dollar sale of a pulp producer, dismissing allegations the procedure was tainted by a cyberattack and a conflict of interests and awarding US$114 million in legal fees to the winning side.

04 August 2022

Bahamian oil company Perenco has frozen Luxembourg bank accounts used by Ecuador to make coupon payments associated with sovereign bonds, with the ICSID award holder claiming this raises the possibility of the state defaulting to creditors.

01 August 2022

A federal court in New York has attached the assets of one of Brazil’s wealthiest men at the request of an infrastructure group trying to enforce a US$41 million award issued in an arbitration in São Paulo.

01 August 2022

An ICDR panel has terminated a claim against Kazakhstan brought by a controversial businessman who has been accused of helping to launder US$440 million in stolen funds from the country.

29 July 2022

A mining executive and his son who alleged they were coerced at knifepoint into settling a joint venture dispute while suffering from mental illness have lost their challenge to a US$12 million SIAC award in Singapore.

29 July 2022

A Spanish contractor has failed in a renewed bid to overturn a US$40 million ICC award over a Peruvian refinery on the basis that two members of its counsel team joined the opposing side’s law firm while the arbitration was pending – as a separate dispute over a US$1 billion project in Algeria gets underway.

27 July 2022

Michelle Bock, Max Rockall, George von Mehren and Stephen Anway of Squire Patton Boggs consider issues of force majeure in the context of Gazprom’s sharp reduction in supplies of gas to Europe.

27 July 2022

Singapore’s Court of Appeal has partially set aside a €62 million ICC award over a Malaysian steel plant after finding that a tribunal chaired by Michael Moser breached due process by adopting a “flexible approach” to proof of damage.

26 July 2022