Organisation: BP
“Proactive case management... with consequences”: recommendations from the GAR-LCIA roundtable
In the wake of the "Is it time for a reset?" roundtable earlier this year, the full report of the event is released today and includes 12 recommendations – the "GAR-LCIA Roundtable Recommendations" – inspired by the discussion. ITEM INCLUDES FULL DOWNLOADABLE REPORT.
12 November 2024
BP seeks to enforce against Mexican gas buyers
BP’s Mexican arm has applied to a Texas court to enforce a US$46 million ICDR award against three customers who failed to pay for gas during a winter storm.
21 October 2024
BP wins ICC case over African LNG supplies
BP has won an ICC award blocking its US partner in a West African subsea project from selling LNG supplies to third parties during the life of their sales agreement.
09 October 2024
Shell raises stakes in feud with LNG exporter
Shell has reportedly alleged in an LCIA arbitration that a US exporter of LNG “wrongfully earned” US$3.5 billion by reneging on its long-term supply contracts with European customers and selling LNG on the open market.
05 September 2024
LNG supplier accuses claimants of confidentiality breach
CORRECTED: US LNG exporter Venture Global has accused two claimants in the wave of arbitrations it faces of sharing its confidential information – as counsel in the various proceedings come to light.
06 August 2024
McDermott drops ICSID claim against Colombia
Houston-based engineering multinational McDermott has discontinued an ICSID claim against Colombia over a troubled refinery project – weeks after a cross-border restructuring process discharged a billion-dollar ICC award and a US$718 million fine imposed on the company by a state agency.
01 May 2024
McDermott completes write-off of billion-dollar award
Houston-based engineering multinational McDermott has completed a cross-border restructuring process that has cancelled a US$1.3 billion ICC award debt in exchange for an equity stake in the group.
27 March 2024