Work Area: Construction
Riyadh’s giga arbitration gig
The first-ever Riyadh International Disputes Week has heard how the Saudi Centre for Commercial Arbitration aims to be the “preferred choice” for ADR users in the Middle East and North Africa by 2030 and is likely to see a surge in cases arising from investment in mega and giga projects in the kingdom.
07 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
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
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
Simmons opens in Saudi
Simmons & Simmons has joined the rush of firms targeting the Saudi Arabian market by entering a joint venture with Riyadh-based practitioner Amer Al Amr – with construction disputes partner Niall Clancy relocating from Dubai to the kingdom.
20 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
Turkish contractor fails to revive treaty claim against Libya
The Paris Court of Appeal has upheld an ICC award that dismissed a US$190 million investment treaty claim brought by a Turkish construction company against Libya over projects left unfinished after recent civil war.
18 January 2024
Paraguay held liable over stalled bus network
An UNCITRAL tribunal has ordered Paraguay to pay more than US$16 million for breaching a contract with a Portuguese construction group to build a high-speed bus network in its capital Asunción.
21 December 2023
Chilean hydro project owner overturns US injunction
A New York state court has vacated an injunction that prevented the owner of a Chilean hydropower project from drawing on a US$90 million letter of credit pending an ICC arbitration with Austrian construction group Strabag.
24 November 2023
Senegal sees off one ICSID case and is hit with another
A Norwegian-owned oil company’s contract-based ICSID claim against Senegal has ended with both sides’ claims dismissed, as the west African state is hit with a treaty claim over a project to construct a port terminal.
21 November 2023