Work Area: Enforcement and set-aside
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
Bahrain enforces ICC award in Paris
A Paris court has upheld the enforcement of an ICC award favouring Bahrain in a €180 million dispute with a French construction company that is now in liquidation.
25 April 2023
Chinese property group defeats HKIAC claim by ex-shareholder
An arbitrator in Hong Kong has dismissed a US$147 million claim against a Chinese property developer arising from a voided share purchase, as it battles to regain control of valuable assets on the mainland.
24 April 2023
Top Dutch court won’t revive treaty claim against Venezuela
A family of dual nationals has failed to revive a US$240 million treaty claim against Venezuela over the loss of their food business after the Dutch Supreme Court found it had no power to review the arbitrators’ decision to reject jurisdiction.
24 April 2023
Germany plans to reform arbitration law
Germany’s Federal Ministry of Justice has announced plans to reform the country’s arbitration law for the first time in 26 years.
21 April 2023
London Stock Exchange wins forex data dispute
The operators of the London Stock Exchange and the FTSE 100 Index have asked a US court to enforce an US$11.5 million AAA-ICDR award in a dispute related to the US$27 billion acquisition of a foreign exchange data business.
19 April 2023
Inside an effort to seize Russian state assets in the UK
Politicians in the UK are trying to introduce a law making it easier for the government to confiscate Russian state assets to pay for the damage caused by the country’s war against Ukraine.
18 April 2023