Topic: Force majeure
Force majeure issues in today’s gas market
Michelle Bock, Max Rockall, George von Mehren and Stephen Anway of Squire Patton Boggs consider issues of force majeure in the context of Gazprom’s sharp reduction in supplies of gas to Europe.
27 July 2022
Iraqi sea wall award comes to light
A Greek contractor has applied to enforce a US$105 million ICC award against an Iraqi state ports company over a record-breaking sea wall whose construction was allegedly delayed by an ISIS offensive and other issues.
07 June 2022
Naftogaz signals new claim against Gazprom over transit fees
Ukraine’s state-owned oil and gas company Naftogaz has launched a pre-arbitration procedure against Gazprom for underpayment of gas transit fees, also suggesting it may seek to revive a US$12.2 billion claim that was settled more than three years ago.
27 May 2022
US gas company loses bid to force pipeline takeover
A US natural gas producer has failed to force through the purchase of a US$540 million pipeline at a reduced price after a tribunal ruled that a delay in the project was not the fault of the contractor.
01 November 2021
Indian investor’s covid plea can’t save claim against Libya
An UNCITRAL tribunal has terminated an Indian construction company’s US$110 million treaty claim against Libya for a failure to pay required advances, despite a plea from the investor that coronavirus conditions in its home country warranted granting an extension.
02 August 2021
Pandemic performance and silver linings
A recent IBA event looked at contract performance and the potential rise in investor-state arbitrations in the Asia Pacific in the wake of the coronavirus pandemic - as well as searching for silver linings.
05 November 2020
