Law: New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards
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
Suriname accedes to New York Convention
Suriname, South America's smallest sovereign state, has become the 171st country to accede to the New York Convention, completing its coverage in the mainland Americas.
10 January 2023
Dutch court enforces Iraqi sea wall award
The Hague Court of Appeal has enforced a US$105 million ICC award against an Iraqi state entity over the construction of the longest sea wall in the world, after rejecting its state immunity defence.
21 November 2022
Spain liable in another solar case
An ICSID tribunal has ruled Spain must compensate a group of German investors for reforms to its renewable energy subsidy regime, while other disputes over the same measures have seen failed reconsideration requests and an unsuccessful enforcement bid in Colombia.
16 September 2022
Solar panel maker argues TotalEnergies fraud suit should go to ICC
A Chinese solar panel manufacturer has told a US court that a US$100 million fraud litigation brought by the renewables arm of France’s TotalEnergies belongs in ICC arbitration.
12 August 2022
International arbitration in the Caribbean
Featured in The Arbitration Review of the Americas 2023
29 July 2022
“Our hands are tied”: US appeals court reluctantly upholds Guatemalan hydro award
A US appeals court has reluctantly dismissed a bid to annul a US$7 million ICC award concerning a Guatemalan hydroelectric project, finding it is bound by previous rulings in which it has “gotten it wrong” on the key issue, despite them clashing with Supreme Court precedent.
08 June 2022
Fight over spoils of Vietnam claim to be arbitrated
A US court has ruled that a lawsuit brought against King & Spalding by a former client over the division of the proceeds of a US$45 million investment treaty award against Vietnam should go to arbitration.
13 January 2022
Iraq to sign New York Convention
Iraq is to become the 168th signatory of the New York Convention after passing an accession law as part of its ongoing reconstruction programme after the US-led ousting of Saddam Hussein and the years of instability that have followed.
06 April 2021