Work Area: Commercial arbitration
Russian court restrains Czech arbitration against Gazprom
A Russian court has ordered a Czech state-owned gas transporter to halt a Prague arbitration against Gazprom’s exports arm or face a €113 million penalty.
07 March 2024
Peruvian mining company declares win against Trafigura
A Peruvian mining company says it has won US$42.5 million plus interest in an arbitration against a subsidiary of Singapore-based commodities trader Trafigura over the purchase of a copper and iron deposit.
06 March 2024
Amirfar decides pharma case at SIAC
Debevoise & Plimpton partner Catherine Amirfar has issued a SIAC award against a Canadian pharmaceutical company, ruling in favour of a Chinese distributor in a dispute over a US$100 million licence for an anti-inflammatory drug to treat osteoarthritis pain.
06 March 2024
BP pursues contractor on West African LNG project
BP is preparing to file an arbitration worth more than US$530 million against embattled US construction group McDermott over its failure to perform a contract to install subsea pipelines for an LNG project on the maritime border of Senegal and Mauritania.
05 March 2024
Texan oil company reports win in Colombian dispute
A Texas-headquartered oil and gas exploration and production company says it has defeated a US$30 million ICDR claim brought over the exploration of hydrocarbons in Colombia.
04 March 2024
Billion-dollar award debt written off in UK restructuring
A UK court has approved a restructuring plan for a subsidiary of Houston-based construction group McDermott that will effectively extinguish a US$1.3 billion ICC award debt owed to a Colombian state-owned entity.
28 February 2024
Gaming company wins damages in Macau-seated ICC case
A Macau gaming company has won over US$175 million in an ICC claim against its former partners in a slot-machine club venture in Laos.
27 February 2024
Paris court issues trio of Libya decisions
The Paris Court of Appeal has upheld its earlier ruling permitting Libya to appeal the enforcement of a €280 million award – the third judgment the court has issued in recent months involving the state or entities it owns.
27 February 2024
Novavax pays to settle covid-19 vaccine dispute
US biotech company Novavax has agreed to pay US$400 million to settle an ICC claim brought by global health organisation Gavi over a cancelled contract to supply covid-19 vaccines to low and middle-income countries.
22 February 2024
Chinese consortium brings claim over Cyprus LNG project
A Chinese consortium is pursuing a €200 million claim in a London arbitration against two Cypriot state-owned entities over a delayed project to construct a liquefied natural gas terminal.
21 February 2024