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Canada’s insolvency legislation empowers courts to declare arbitration clauses inoperative if enforcing them would compromise a receivership and hurt creditors, the country's Supreme Court has ruled.
29 November 2022
A Stockholm Chamber of Commerce arbitration relating to a gas project in Uzbekistan that saw claims and counterclaims totalling around US$350 million has ended with an award worth less than US$2 million in favour of a subsidiary of Russia’s Lukoil.
28 November 2022
The Delhi High Court has set aside a US$1.3 billion ICC award against an Indian state-owned entity after finding it suffered from “patent illegalities and fraud” – as a related treaty claim continues.
30 August 2022
Saudia Arabia is facing an ICSID claim by a Hong Kong investor in a now-liquidated telecoms consortium that had its operating licence cancelled by the state.
27 July 2022
A Singapore-based currency trader has filed a US$2.4 billion ICDR claim seeking to recover loans issued to a crypto hedge fund that it says suffered an “unprecedented implosion” following market volatility.
21 July 2022
Singapore’s High Court has refused to allow one of Venezuela’s ICSID creditors to enforce a US$500 million-plus award against the assets of a state-owned entity facing US sanctions.
20 July 2022
A consortium of investors in an electricity distributor in Nigeria has reportedly threatened to take the country’s privatisation agency to arbitration in the UK, accusing it of facilitating a forced takeover of the utility by a local lender.
19 July 2022
An industrial park developer and its chairwoman founder have launched a billion-dollar treaty claim against Vietnam over an alleged campaign to force the company into bankruptcy, as a prior arbitration brought by her moves to the merits phase.
04 July 2022
A Swiss oil trader says it has won an LCIA award that cancels debts of over US$1 billion to Russia’s Sberbank after the majority state-owned financial institution was found to have driven a Siberian refinery into bankruptcy.
27 June 2022
A US businessman convicted of bribery has failed to overturn a Netherlands Arbitration Institute summary award requiring him to pay €150 million to a bankrupt Dutch life insurer owned by him.
21 April 2022
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