Industry: Financial services
UniCredit fails to overturn Gazprom’s Russian injunctions
A Russian court has upheld injunctions obtained by a Gazprom affiliate in a long-running dispute with UniCredit over unpaid bonds that has led to conflicting decisions between the Russian and UK courts.
10 April 2025
Swedish Arbitration Days focus on the information overload
The latest Swedish Arbitration Days considered the plethora of information in international arbitration, looking at the document production process, how information is handled and kept safe, and whether it can be trusted given the growing risk of deep fakes.
17 March 2025
UK appeal court reverses injunction against Gazprom venture
The Court of Appeal in London has granted UniCredit’s request to lift an anti-suit injunction it won against a Gazprom joint venture after the bank said it wanted to avoid an “eye-watering” fine from the Russian courts.
11 February 2025
Ukrainian grain loan award surfaces in New York
A Hong Kong corporate trustee has asked a US court to enforce a US$153 million LCIA award against two Ukrainian businessmen who defaulted on a loan for their grain terminal operator at the port of Odesa.
24 January 2025
Mexican utility to settle gas dispute with Goldman Sachs
Mexico’s state electric utility has reportedly agreed to pay US$300 million to a Goldman Sachs entity to settle an LCIA dispute over a debt triggered by a spike in gas prices after a freak storm.
08 January 2025
More claims loom for Switzerland over Credit Suisse
Two more groups of investors affected by the rescue of Credit Suisse have formally notified Switzerland of potential investment treaty claims – seeking at least US$450 million in damages.
03 January 2025
Arbitral creditor denied enforcement in Singapore after failing to comply with court order
A Singapore court has refused to enforce an award issued in an allegedly fraudulent Chinese arbitration over shares in a French fashion group, after the applicant failed to comply with a peremptory order to disclose documents relating to the dispute.
12 December 2024
Russian court restrains German bank’s ICC claim
A Russian court has ordered Germany’s Commerzbank to withdraw a €95 million ICC case against a Gazprom affiliate over a guarantee for a gas plant project and seek to overturn an English anti-suit injunction issued in support of the arbitration.
11 December 2024
AXA brings ICSID claim against Mexico
French insurer AXA has launched an ICSID claim against Mexico after it was reportedly hit with a retrospective tax bill.
09 December 2024
Barclays halts Russian bank's LCIA claim
The Commercial Court in London has ruled that a Russian state-owned bank’s US$150 million claim against Barclays should be heard in the English courts rather than LCIA arbitration.
03 December 2024