Organisation: Compass Group
Crescent enforces Iranian gas award in the US
The UAE’s Crescent Petroleum has obtained a default judgment from a US court enforcing an award now worth US$2.75 billion against the National Iranian Oil Company.
02 May 2024
UK court orders transfer of Iranian property to award creditor
An English judge has ruled that a £100 million property in London linked to the National Iranian Oil Company should be transferred to UAE-based Crescent Petroleum to partially satisfy a US$2.6 billion award.
15 April 2024
Iran's state oil company loses appeal over Crescent award
The Court of Appeal in London has rejected the National Iranian Oil Company’s jurisdictional challenge to a US$2.4 billion award in favour of the UAE’s Crescent Petroleum.
13 July 2023
Greek court enforces against Iranian state entity
The UAE’s Crescent Petroleum has obtained a ruling from a court in Greece enforcing its US$2.4 billion award against the National Iranian Oil Company.
28 April 2023
Counsel resign ahead of hearing in Iranian gas dispute
The final hearing of a US$32 billion case against Iran's state-run oil company has been postponed less two than two weeks before it was due to begin, after Wolfgang Peter and his team at Peter & Kim resigned over an alleged due process failure and co-counsel from Eversheds Sutherland followed suit.
06 March 2023
Iran’s state oil company challenges tribunal president in US$32 billion case
On the heels of an unsuccessful challenge to the whole tribunal, the National Iranian Oil Company is seeking to disqualify Laurent Aynès from continuing as tribunal president in a US$32 billion dispute with the UAE’s Crescent Petroleum because of his alleged ongoing failure to disclose his and his firm’s involvement in similar proceedings.
03 March 2023
Iranian state entity fails to unseat panel in US$32 billion case
The National Iranian Oil Company has failed to disqualify three arbitrators from a US$32 billion case over their refusal to reschedule a hearing despite the unavailability of the state entity’s senior lead counsel.
31 January 2023
Iranian gas award enforced in Rotterdam
Iran’s national oil company has failed to halt enforcement of a US$2.4 billion award in Rotterdam despite its last-minute entreaty to Dutch prosecutors to investigate the Emirati award creditor for alleged corruption.
13 December 2022
Iranian state entity’s award challenge thrown out
Iran’s national oil company has lost another challenge to a US$2.4 billion award in favour of the UAE’s Crescent Petroleum in a long-running dispute over a failed gas supply deal.
24 October 2022
Iranian state entity can’t appeal US$2.4 billion award
A London court has refused to allow Iran’s national oil company to appeal a US$2.4 billion award on a point of law while rejecting arguments the state entity had waived its right to bring such an appeal.
12 July 2022