Topic: Force majeure

A SIAC tribunal that was asked by a Singapore court to revisit a US$570 million award in favour of a sanctioned Russian engineering group against Vietnam’s national oil and gas company has issued a new award – again finding the underlying contract had been validly terminated.

18 March 2025

US gas exporter Venture Global has paid US$320 million to satisfy two ICC awards won by a contractor that built its LNG facility in the Gulf of Mexico – as it faces arbitrations worth more than US$7 billion brought by customers for non-delivery of promised cargoes.

10 March 2025

In the 39th annual Freshfields Arbitration Lecture, Egyptian arbitrator Mohamed Abdel Wahab discussed the controversial iura novit arbiter principle and proposed a new protocol to deal with divergent approaches and bring an end to the “legal desperation” surrounding its application.

28 November 2024

Arbitrators from Egypt, Switzerland and Turkey made up the ICC tribunal that issued a €230 million award against Russia’s Gazprom last week.  

18 November 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

BP is preparing to file an arbitration worth more than US$530 million against embattled US construction group McDermott over its failure to perform a contract to install subsea pipelines for an LNG project on the maritime border of Senegal and Mauritania. 

05 March 2024

UPDATED. A sanctioned Russian engineering company has won more than US$500 million in a SIAC arbitration with Vietnam’s national oil and gas company, after defeating a much larger counterclaim. 

12 February 2024

UPDATED: A French-owned uranium trader has asked a US court to enforce an ICC award issued by Swiss arbitrator Sébastien Besson over supplies of uranium ore destined for a plant in Argentina.

26 September 2023

Houston’s Occidental Petroleum has agreed to pay a net sum to Yemen to settle awards rendered in two ICC arbitrations relating to the same oil block, bringing an end to enforcement proceedings in Delaware.

22 September 2023

As Bangladesh contends with an energy crisis, details of two concluded arbitrations against state entities in that sector have come to light – including one where a contractor unsuccessfully argued that an influx of Rohingya refugees from Myanmar prevented it from building a solar park.

20 September 2023