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In a key decision arising from an insurance dispute, the English Commercial Court has set aside a partial award issued by a majority ICC tribunal following a challenge by French aerospace company Dassault Aviation based on the circumvention of no-transfer provisions of the main contract for the sale of aircraft.
05 January 2023
The French Court of Cassation has upheld a pair of ICC awards requiring Ukraine’s state road agency to pay damages to an Italian construction company in a US$66 million dispute over a road repair and construction contract.
19 December 2022
Iran’s national oil company has failed to halt enforcement of a US$2.4 billion award in Rotterdam despite its last-minute entreaty to Dutch prosecutors to investigate the Emirati award creditor for alleged corruption.
13 December 2022
Three partners at Ukrainian firm Eterna Law have been charged with fraud in Switzerland after a former arbitration client accused them of forging a legal services agreement.
02 December 2022
An ICDR panel chaired by Foley Hoag partner Daniel Schimmel is hearing a US$2 billion dispute between Jay-Z and Bacardi over a cognac business, it has emerged.
30 November 2022
A Swedish investor that won a US$165 million award against Tanzania has persuaded a Dutch court to uphold the attachment of an aircraft owned by the east African state, even though ICSID has stayed enforcement pending annulment proceedings.
29 November 2022
Two gaming companies whose billion-dollar investment treaty claims against Laos were dismissed because of evidence of bribery and fraud have lost a final appeal against the outcome in Singapore, after a related SIAC award was also upheld.
25 November 2022
A London court has upheld a pair of awards against a Nigerian oil and gas producer in an ICC dispute over loans worth US$2 billion, ruling that a Shell subsidiary had not waived its unilateral option to bring an arbitration.
23 November 2022
Kosovo says it has defeated a €30 million ICC claim brought by an Estonian fintech company over a revoked microfinance licence.
21 November 2022
A company owned by Angolan billionaire Isabel dos Santos has lost a final appeal in the French courts relating to a US$646 million award, failing on arguments that the ICC was wrong to appoint all five members of the tribunal itself or that an arbitrator failed to disclose potential conflicts.
15 November 2022
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