Work Area: Enforcement and set-aside
India loses challenge to gas migration award
The Indian government has failed to overturn an UNCITRAL award favouring Reliance Industries and its partners in a US$1.7 billion dispute over alleged migration of gas between adjacent blocks.
09 May 2023
Luxembourg reforms arbitration law
Luxembourg’s parliament has passed new legislation to modernise the country’s arbitration law – granting extended powers to tribunals and limiting the grounds for setting aside awards.
05 May 2023
Swiss court refuses to attach Spain’s assets
The Swiss Federal Supreme Court has rejected a bid to attach assets belonging to Spain, affirming that an ICSID award holder targeting a foreign state’s assets must demonstrate the matter has a “sufficient domestic connection” to Switzerland.
03 May 2023
Indian budget airline seeks to enforce emergency awards
An Indian low-cost airline has asked a Delaware court for the expedited confirmation of two emergency SIAC awards ordering a US manufacturer to supply spare engines, saying that without them it has been forced to file for bankruptcy.
03 May 2023
US sanctions agency gives nod to Venezuelan asset sale
The US government agency that administers economic sanctions has indicated it does not oppose the court-supervised auction of an interest in a US refinery business owned by Venezuela’s national oil and gas company PDVSA to pay the state’s creditors.
02 May 2023
Greek court enforces against Iranian state entity
The UAE’s Crescent Petroleum has obtained a ruling from a court in Greece enforcing its US$2.4 billion award against the National Iranian Oil Company.
28 April 2023
Moldova seeks counsel for post-award litigation
Moldova has launched tenders for counsel to represent the state in three separate pieces of post-award litigation.
28 April 2023
Libya reports win in treaty case
UPDATED WITH COUNSEL: Libya says it has defeated a US$140 million treaty claim brought by a Korean contractor over the construction of several residential buildings, after obtaining a favourable ruling in court proceedings relating to a €280 million award in a separate dispute.
27 April 2023
RICO – a new avenue to enforce awards in the US?
The US Supreme Court appeared open to allowing a Russian businessman to use the country’s anti-racketeering statute, RICO, to enforce an LCIA award during oral arguments – a case that could open up new avenues for foreign arbitral creditors targeting US assets.
26 April 2023
Paris court upholds Ivorian oil award
The Paris Court of Appeal has refused to set aside an ICC award won by Ivory Coast’s national energy company against a Nigerian oil trader over former Chevron assets.
25 April 2023