Work Area: Commercial arbitration
Ukrainian grain loan award surfaces in New York
A Hong Kong corporate trustee has asked a US court to enforce a US$153 million LCIA award against two Ukrainian businessmen who defaulted on a loan for their grain terminal operator at the port of Odesa.
24 January 2025
ICC football stadium award enforced against Gabon
A US court has enforced an over €12 million ICC award against Gabon, won by Spanish infrastructure company Eurofinsa following a dispute over the redevelopment of a football stadium.
24 January 2025
UK court rejects jailed oligarch’s conspiracy mega-claim
The Commercial Court in London has thrown out a US$13.8 billion lawsuit brought by a jailed Russian oligarch over an alleged conspiracy to seize his assets – a dispute that has also been the subject of several arbitrations.
17 January 2025
Dutch court upholds enforcement of Iranian gas award
The Hague Court of Appeal has refused to overturn the enforcement of an award worth US$2.75 billion won by the UAE’s Crescent Petroleum against the National Iranian Oil Company.
17 January 2025
Former Gazprom unit settles with Indian state entity
India’s state-owned gas company GAIL says that a former Gazprom unit has agreed to pay US$285 million to end their LCIA dispute over disrupted LNG supplies.
16 January 2025
AIG gets disclosure in combat earplugs dispute with 3M
A Florida court has ruled that data relating to 3M’s US$6 billion settlement of litigation over faulty combat earplugs can be shared in a London arbitration between the US multinational and its insurer AIG.
16 January 2025
Billion-dollar award confirmed in Colombian refinery case
A US court has confirmed an ICC award worth US$1.3 billion in favour of a Colombian state-owned entity over an oil refinery project, aiding its pursuit of recovery from insurers.
14 January 2025
Greek solar farm dispute settles
A California renewables company says it has agreed to pay €45 million to settle a dispute over Greek solar power assets that gave rise to arbitration and litigation in Malta, Greece and the US.
14 January 2025
Lebanese financial institutions held liable over investment advice
A split tribunal in Beirut has ordered two local financial institutions to pay damages to a Jordanian national after his investment in speculative Lebanese sovereign bonds collapsed when the state defaulted on payments and entered its 2019 financial crisis.
13 January 2025
New ICC claim in Brazilian pulp saga
A Canadian paper group has filed a new ICC arbitration worth US$3 billion against companies controlled by Brazil’s Batista brothers over their alleged failure to comply with an earlier award mandating the sale of a pulp producer.
09 January 2025