Industry: Insurance property, casualty and general

The Singapore Court of Appeal has upheld the enforcement of interim measures issued by a DIAC tribunal under an arbitration clause specifying the now-defunct DIFC-LCIA, finding that the respondent had submitted to the tribunal’s jurisdiction for the purposes of the interim relief application. 

23 October 2024

In the first case before the DIFC Courts to consider the abolition of the DIFC-LCIA Arbitration Centre, a judge has continued an injunction restraining litigation filed in Sharjah in breach of an agreement to arbitrate at the defunct institution. Lawyers at Stephenson Harwood in Dubai, who acted for the successful claimant, report.

08 October 2024

A Bulgarian holding group and its insurance arm have instructed counsel as they threaten to file a €500 million investment treaty claim against Romania after their local subsidiary had its licence revoked.

26 October 2023