Topic: Damages
Jones calls on arbitrators to educate themselves on damages
In a keynote speech at GAR Live Damages, Australian arbitrator Doug Jones AO suggested that the issue of damages remains a mystery to some arbitrators – and recommended self-education, early case management and engagement with experts to improve awards.
03 February 2025
Chinese agribusiness group’s award upheld in fraud dispute
The former owners of a Dutch agricultural commodities trader have failed to overturn an ICC award that required them to pay US$125 million in damages to a Chinese multinational for committing fraud during a billion-dollar M&A transaction.
30 August 2024
Canadian miner drops bid to revive ICSID claim against Costa Rica
A Canadian mining company has withdrawn an ICSID annulment application in which it had sought to revive a nearly US$400 million damages claim against Costa Rica over a thwarted gold project.
25 June 2024
Should tribunals use “consultant” experts?
During a session at GAR Live Damages, panellists and delegates debated whether an independent consultant appointed by the tribunal could help arbitrators to “umpire” disagreements between the experts.
23 February 2024
Another Crimea award surfaces in US court
A Ukrainian electricity company has wasted no time in applying to enforce an investment treaty award that found Russia liable for expropriating its assets in Crimea – putting the award in the public domain.
08 November 2023
Singapore court upholds nominal damages in plastics plant dispute
A Singapore court has upheld a quantum award requiring a South Korean construction group to pay only nominal damages to an Indian state-owned entity in a US$183 million dispute over a polyethylene plant contract.
25 July 2023
Construction group reports win in Stockholm mall dispute
A Swedish construction group says it has won an SCC award worth US$129 million in a dispute with a subsidiary of France’s Unibail-Rodamco-Westfield over one of Scandinavia’s largest shopping malls.
04 July 2023
Emirati investor wins damages over Algerian park project
An entity owned by Abu Dhabi’s royal family has been awarded over US$228 million plus interest and costs in an ICSID claim against Algeria over a failed project to develop a metropolitan park – as a dissenting arbitrator argues the case should have been rejected based on evidence of malfeasance.
10 May 2023
Naftogaz wins US$5 billion award against Russia
BREAKING: Ukraine’s national oil and gas company Naftogaz says it has been awarded US$5 billion in an investment treaty claim against Russia over the seizure of its assets in Crimea.
13 April 2023