Work Area: Enforcement and set-aside
Besson award surfaces in uranium trading dispute
UPDATED: A French-owned uranium trader has asked a US court to enforce an ICC award issued by Swiss arbitrator Sébastien Besson over supplies of uranium ore destined for a plant in Argentina.
26 September 2023
Italian court won’t enforce partially annulled ICC award
An Italian court has ruled it has no power to enforce the surviving parts of an ICC award relating to a Malaysian steel plant after it was partially set aside at the seat of the arbitration in Singapore.
22 September 2023
Oxy pays Yemen to settle ICC awards
Houston’s Occidental Petroleum has agreed to pay a net sum to Yemen to settle awards rendered in two ICC arbitrations relating to the same oil block, bringing an end to enforcement proceedings in Delaware.
22 September 2023
Vietnam fails to halt treaty claim by dual national
A French court has upheld an UNCITRAL tribunal’s decision to hear a dual national’s US$2.5 billion treaty claim against Vietnam over the cancellation of a thermal power project.
18 September 2023
Japanese solar investor pursues Spain in US court
A Japanese company has applied to a US court to enforce an ICSID award requiring Spain to pay over €23.5 million for changes to its incentives regime for solar power plants, putting the award in the public domain.
18 September 2023
Singapore court unconvinced there is “more appropriate forum” to enforce interim measures
Singapore’s High Court has rejected arguments that the city-state is not the proper forum to enforce interim measures granted in a SIAC arbitration between shareholders in a financial technology company.
15 September 2023
South African fund targets Ghanaian businessman
A South African investment fund has applied to courts in New York and Chicago to enforce a US$60 million LCIA award against a Ghanaian businessman arising from a loan guarantee.
06 September 2023
Judgments convention enters force
The Hague Judgments Convention, which aims to create a multilateral system for enforcing foreign court judgments, has entered into force – though so far only EU member states and Ukraine are bound by it.
04 September 2023
South Sudan loses challenge to telecoms award
The Swiss Federal Supreme Court has rejected South Sudan’s bid to overturn a partial award in a US$2.7 billion ICC dispute with a Lebanese-owned mobile operator over a licence issued before the state gained independence.
31 August 2023
Market manipulation scheme leads to set-aside in Hong Kong
A Hong Kong court has upheld a jurisdictional challenge to an HKIAC award in favour of the daughter of a jailed Chinese pharmaceuticals executive – relying on new evidence that emerged through criminal proceedings over a market manipulation scheme.
31 August 2023