Organisation: Commerzbank

A Russian court has stayed two lawsuits worth over €680 million that a Gazprom subsidiary is pursuing against Deutsche Bank and Unicredit until a UK appeal court has ruled on an anti-suit injunction request to enforce Paris-seated ICC arbitration.

12 December 2023

Gazprom’s export arm has asked a Russian court to block a US$1.5 billion SCC arbitration brought by a Polish pipeline company over halted gas deliveries.

17 October 2023

A subsidiary of Russia’s Gazprom has been revealed as the target of a set of recent English anti-suit injunction requests by German banks seeking to enforce Paris-seated ICC arbitration clauses.

11 October 2023

The Court of Appeal in London has confirmed that the UK sanctions regime does not prevent courts from entering judgment in favour of sanctioned persons in civil litigation – meaning an US$850 million fraud suit brought by two Russian banks can proceed.

09 October 2023

A Swiss businessman who purchased the site of the former presidential residence in Georgia has brought an ICSID claim against the state.

27 June 2023

A Dutch salvage company is seeking US discovery from seven banks as it tries to enforce an ICC award worth US$107 million against an Iraqi state oil company.

27 March 2023

A trio of arbitrators is to embark on a third set of deliberations in the first known investment treaty case against Bahrain, following the unexpected deaths of two members of the original tribunal in a single year and as a massive related money-laundering case plays out in court in the Gulf state. 

26 July 2021

A conglomerate controlled by US billionaire Warren Buffett that won a €643 million award after claiming it was defrauded into buying a German piping business has now filed a lawsuit in Texas against Jones Day – alleging the law firm was part of the scheme.

02 October 2020

A conglomerate controlled by US billionaire Warren Buffett has been awarded €643 million after an ICDR tribunal found it was “fraudulently induced” into acquiring a German piping manufacturer based on fictitious revenue.

16 April 2020

UPDATED: The Swedish city of Gothenburg has claimed victory in a €110 million dispute with an Italian contractor at the Stockholm Chamber of Commerce over defective trams on its public transport network.

16 October 2017