Organisation: Compass

A court in Illinois has largely confirmed an ICC award worth US$115 million in favour of a US telemedicine company against the sellers of an Indian healthcare business – while overturning its findings against a prominent Keralan businessman. 

30 September 2024

Shell has reportedly alleged in an LCIA arbitration that a US exporter of LNG “wrongfully earned” US$3.5 billion by reneging on its long-term supply contracts with European customers and selling LNG on the open market. 

05 September 2024

A US court has rejected Argentina’s bid to dismiss an action to enforce a US$320 million ICSID award arising from the nationalisation of two airlines, which the state had argued was time-barred. 

20 August 2024

A court in Washington, DC has issued a default judgment against Ghana, ordering it to pay the remainder of a US$134 million award won by a subsidiary of commodities venture Trafigura. 

08 August 2024

Canada’s Gabriel Resources has threatened to launch a new claim against Romania over permits for a gold and silver mine – as it continues with attempts to annul an ICSID award that rejected a multibillion-dollar claim over the same project.

07 August 2024

A US appeals court has overturned the enforcement of LCIA awards ordering Djibouti to pay US$485 million, finding a lower court must first determine whether Quinn Emanuel Urquhart & Sullivan has authority to represent the award creditor in the proceedings.  

31 July 2024

A US court has enforced a US$200 million LCIA award won by a subsidiary of the UAE’s DP World against Djibouti – having already confirmed an award in a separate arbitration over the same port facility on the Red Sea. 

24 July 2024

A court in Laos has refused to allow a Macau-based gaming company to enforce its US$175 million ICC award against its former partners in a slot-machine club venture, saying the dispute had already been decided by the country’s courts.

23 July 2024

A divided ICSID tribunal has declined to award any damages to a Canadian mining company in its US$700 million claim against Colombia, three years after it held the state liable for depriving the investor of its right to operate within an environmental preservation zone. 

16 July 2024

The Amsterdam Court of Appeal has enforced an award requiring Ghana to pay US$134 million to a subsidiary of commodities supplier Trafigura. 

15 July 2024