Organisation: CMB International
Shipping group launches claims amid Iranian oil spat
A Belgian shipping group says it has launched arbitrations against two trading companies in a dispute over oil storage, after a US investigation found the oil was of Iranian origin and potentially violated US sanctions.
17 April 2024
Shipping groups settle dispute over failed multibillion merger
A Belgian shipping company has settled an arbitration it filed against a Norwegian transporter after their US$4.2 billion merger fell through.
10 October 2023
US Supreme Court confirms availability of RICO to foreign award creditors
The US Supreme Court has ruled that a Russian businessman can use the country’s anti-racketeering law, RICO, to enforce an LCIA award – creating a new avenue for foreign arbitral creditors targeting US assets.
23 June 2023
RICO – a new avenue to enforce awards in the US?
The US Supreme Court appeared open to allowing a Russian businessman to use the country’s anti-racketeering statute, RICO, to enforce an LCIA award during oral arguments – a case that could open up new avenues for foreign arbitral creditors targeting US assets.
26 April 2023
Collapsed oil tanker merger leads to emergency request
A Belgian shipping company has filed for emergency arbitration after a US$4.2 billion merger to create the world’s largest publicly listed oil tanker company collapsed.
18 January 2023