Work Area: Commercial arbitration
Singapore appeal court rules on restructuring and arbitration
Singapore courts are not required to carve out international arbitration claims from moratoriums in restructuring procedures, the city-state's appeal court has ruled in a decision addressing the interplay between arbitration and insolvency law.
24 March 2025
US appeals court sends Algerian power plant dispute to ICC
A US appeals court has affirmed that a group of insurers must take their US$28 million claim against GE over a turbine failure at an Algerian power plant to ICC arbitration.
21 March 2025
Schlumberger applies to stay Guatemalan oil claim
US oil services group Schlumberger has sought to stay an UNCITRAL arbitration worth at least USS$230 million over alleged corruption in a Guatemalan oil project, arguing it is not a signatory to the underlying contracts.
20 March 2025
RWE reports win against Gazprom
German energy company RWE says it prevailed in its ICC arbitration with Gazprom’s export arm over gas supplies halted following Russia’s invasion of Ukraine.
20 March 2025
Russian arbitration lawyers weigh in on sanctions at CJEU
The Russian Arbitration Association has filed an amicus curiae brief with the Court of Justice of the European Union, urging it to adopt a narrow reading of the “no claims” clause in the EU’s Russia sanctions regulation or risk negative effects including potential investment treaty claims.
19 March 2025
Chinese company defeats billion-dollar claim over covid masks
A Chinese-owned company has defeated a billion-dollar claim over the supply of masks during the covid-19 pandemic to a US company, which failed to disclose it intended to resell the equipment.
18 March 2025
Second award issued in Vietnam power plant dispute
A SIAC tribunal that was asked by a Singapore court to revisit a US$570 million award in favour of a sanctioned Russian engineering group against Vietnam’s national oil and gas company has issued a new award – again finding the underlying contract had been validly terminated.
18 March 2025
Congo state entity hit with penalties in lithium dispute
An ICC tribunal has ordered a state-owned entity of the Democratic Republic of the Congo to pay €39 million in penalties to an Australian mining company for breaching the orders of an emergency arbitrator in a dispute over a lithium project.
17 March 2025
Korean creditor seeks to restrain award recognition in Pakistan
The Court of Appeal in London is being urged to restrain “pre-emptive” recognition proceedings in Pakistan brought by an LCIA award debtor that is seeking to have parts of the award declared unenforceable.
17 March 2025
Brazilian retailer brings claim over billion-dollar fraud
One of Brazil’s largest retail chains says it is pursuing claims against four former executives after entering insolvency following its disclosure of a billion-dollar accounting fraud.
14 March 2025