Work Area: Commercial arbitration
Decade-old ICSID award against Niger lands in US court
A Scottish airport services group has asked a US court to register an ICSID award that it won against Niger more than a decade ago.
20 February 2024
ThyssenKrupp defeats claims by Greece in multibillion-euro submarine dispute
An ICC tribunal has rejected claims brought by Greece against ThyssenKrupp in a multibillion-euro ICC arbitration over cancelled contracts to build submarines for the state’s navy, while only partly upholding claims against two other contractors.
19 February 2024
Owners of Ukrainian grain group fail to lift asset freeze
An English court has upheld a freezing order against the owners of a Ukrainian grain terminal operator in support of a US$150 million LCIA arbitration over loan guarantees.
15 February 2024
US court finds Zimbabwe is alter ego of state-owned entity
A US court has refused to dismiss a South African mining group’s bid to collect on a US$50 million ICC award against a Zimbabwean state-owned mining company, finding that it can be considered an alter ego of Zimbabwe.
15 February 2024
Oxy agrees to settle dispute with Ecuador oil block partner
Occidental Petroleum says it has reached a preliminary settlement with its Chinese former partner in an Ecuadorean oil block to settle a long-running fight over the proceeds of an ICSID award.
13 February 2024
Singapore group wins CIETAC dispute over carmaker
Israeli billionaire Idan Ofer’s Singapore investment company Kenon Holdings says it has won a US$250 million award in a CIETAC arbitration against a Chinese conglomerate over the sale of shares in a now-defunct car manufacturer.
13 February 2024
Sanctioned Russian company wins Vietnamese power plant dispute
UPDATED. A sanctioned Russian engineering company has won more than US$500 million in a SIAC arbitration with Vietnam’s national oil and gas company, after defeating a much larger counterclaim.
12 February 2024
Cayman court upholds enforcement in fight over Karachi power utility
A Cayman court has upheld the enforcement of an LCIA award requiring disclosure of records relating to a former Abraaj Group investment fund that holds a US$1.6 billion stake in a Karachi power utility.
09 February 2024
Cast list for Uniper gas pricing disputes emerges
GAR has identified the practitioners who appeared in two gas price review arbitrations involving German state-owned energy group Uniper, including a previously unreported case against Dutch supplier GasTerra.
08 February 2024
AstraZeneca liable in post-M&A dispute
A tribunal at the German Arbitration Institute (DIS) panel has ordered AstraZeneca to make additional payments under its US$150 million deal to purchase a cancer diagnostics start-up.
08 February 2024