Industry: Infrastructure
Kazakh road authority beats bulk of ICC claim
Kazakhstan’s road authority has largely escaped a more than US$200 million ICC claim brought by Turkish contractors over a motorway project that forms part of China’s Belt and Road initiative.
23 August 2021
Insurer seeks to enforce against Ghana university
Insurance company Chubb has asked a US court to enforce a US$165 million ruling against the University of Ghana in a dispute arising from a failed campus expansion project – as the parties clash over whether the decision is an arbitration award.
09 August 2021
Peruvian contractor defends lawyers accused of “switching sides”
A Peruvian contractor has hit back at allegations that its victory in an ICC dispute over a refinery project was tainted by two lawyers’ move to a different law firm, calling it “nothing more than an eleventh hour tantrum”.
03 August 2021
Egypt’s top court overturns port project award
Egypt’s Court of Cassation has set aside a US$490 million ICC award against an Egyptian state authority over its termination of a contract to build a container terminal facility, a decision it is said could have broad implications for disputes arising from similar agreements.
02 August 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
Laos denied injunction in pursuit of “alter egos”
A federal court in Idaho has refused to grant Laos a preliminary injunction as it targets the assets of a US businessman behind two unsuccessful investment treaty claims.
28 July 2021
Samsung and Inpex in showdown over Australian offshore facility
The cast list has emerged for a US$600 million ICC case between South Korean shipbuilder Samsung Heavy Industries and a Japanese oil company over what is said to be the world’s largest floating offshore gas processing unit, based off the Australian coast.
23 July 2021
Suez gets eco park dispute sent to LCIA
A UK court has ruled that a claim against France’s Suez over delays in the construction of a £103 million “eco park” for waste processing in southeast England should be heard in LCIA arbitration.
19 July 2021
Lone Star brings ICC claim against Spanish bank
US private equity group Lone Star Funds is pursuing an ICC claim against Spain’s third-largest bank to compel it to repurchase €257 million in real estate assets.
15 July 2021
Meydan settles Dubai racecourse dispute
Emirati real estate developer Meydan has agreed to pay US$198 million to a Malaysian construction group to satisfy a DIAC award over a cancelled contract to build a racecourse in Dubai.
14 July 2021