Work Area: Oil and gas

Oxy asks US Supreme Court to rule on evident partiality

Occidental Petroleum has asked the US Supreme Court for leave to appeal the recognition of a US$560 million award based on an arbitrator’s failure to disclose an alleged relationship with a member of the other side’s counsel team.

16 November 2023

Louisiana court won’t enforce DIFC-LCIA clause

A US court has refused to enforce a DIFC-LCIA arbitration agreement, ruling that it could not compel a subsidiary of Baker Hughes to submit a dispute to the Dubai International Arbitration Centre as it is “not the same forum”.

13 November 2023

“Unjust, undemocratic and dysfunctional”: UN report slams ISDS

A UN report has severely criticised the impact of investment arbitration on climate action and human rights – calling it “not fit for purpose in the twenty-first century” and recommending states withdraw their consent to arbitration under investment treaties.

02 November 2023

UK court rejects Russia’s immunity defence in Yukos case

The Commercial Court in London has found that Russia cannot invoke sovereign immunity as a defence to enforcement of awards worth nearly US$60 billion won by the former majority shareholders of Yukos Oil Company.

01 November 2023

Russian court restrains billion-dollar claim against Gazprom unit

A Russian court has restrained a Polish pipeline company from bringing a US$1.5 billion SCC arbitration against Gazprom’s export arm over halted gas deliveries.

31 October 2023

“A miasma of dishonesty”: Hoffmann’s comments on Nigeria case

Following the set-aside of a US$11 billion award against Nigeria, Lord Hoffmann – who chaired the tribunal – has stood by comments he made earlier this year, reflecting on “the great miasma of dishonesty” that can exist in the background of a case of which arbitrators are “unaware”.

27 October 2023

P&ID v Nigeria: reactions

Practitioners have been reacting to the landmark decision by the Commercial Court in London to set aside a US$11 billion award against Nigeria on grounds of fraud – reflecting on its impact and asking whether there are lessons to be learned.

27 October 2023

“The most severe abuses of the arbitral process”: UK court overturns mega-award on grounds of fraud

A UK judge has raised serious concerns about the supervision of large arbitrations involving states after finding that an US$11 billion award against Nigeria was procured through false evidence, corrupt payments and improper retention of leaked documents.

23 October 2023

China’s energy deficit: opportunities for lawyers?

A panel at GAR Live Beijing considered the energy challenges facing China, the increase in energy disputes concerning Chinese companies, and the opportunities for arbitration lawyers in China and overseas.

19 October 2023

Gazprom unit asks Russian court to block billion-dollar SCC claim

Gazprom’s export arm has asked a Russian court to block a US$1.5 billion SCC arbitration brought by a Polish pipeline company over halted gas deliveries.

17 October 2023

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