Organisation: MBH Bank
Russian state bank wins damages in fraud claim at LCIA
A subsidiary of Russia’s central bank is trying to enforce a US$565 million LCIA award against companies linked to the family of a Russian property tycoon – while a related fraud litigation in the UK has been adjourned.
06 November 2024
Russian court issues billion-euro judgment despite HKIAC clause
A Russian court has ordered industrial gases conglomerate Linde to pay around €1 billion to a Gazprom affiliate for halting work on an LNG plant – refusing to enforce an HKIAC arbitration clause in the project contract.
04 November 2024
ICSID rejects “speculative” challenge to Ukraine’s arbitrator
An American academic’s vote in favour of criticism of Russian “aggression” in Ukraine and comments about sanctions made during a webinar weren’t sufficient at this stage to disqualify him from hearing an ICSID case relating to Ukrainian sanctions on Russian nationals, a newly published challenge decision confirms.
29 October 2024
Bangladesh agrees to mediation as arrest warrants stayed
Bangladesh has agreed to mediation with the holder of a two-decade-old ICC award to resolve a dispute over asset discovery after obtaining a stay of US arrest warrants issued against two visiting state officials.
28 October 2024
ICDR award upheld in saga over Eurobond default
A New York court has upheld an ICDR award that ordered two Egyptian brothers to pay US$194 million after their companies defaulted on Eurobonds bought by international banks – nearly two decades after the arbitration was filed.
25 October 2024
Paraguay gets most of bus contractor’s award annulled
A court in Paraguay has partially annulled an UNCITRAL award that required the South American state to pay US$16 million to a Portuguese construction group for breaching a contract for a high-speed bus network.
25 October 2024
Interim relief denied in Bangladeshi highway dispute
A Thai construction company has failed to persuade a SIAC tribunal to provisionally restrain a group of Chinese state-owned entities from taking control of a billion-dollar highway project in Bangladesh.
23 October 2024
Russian court injuncts Deutsche Bank’s ICC claim against Gazprom venture
A Russian court has ordered Deutsche Bank to discontinue an ICC claim against a Gazprom venture over stalled work on a gas processing plant, despite the UK Supreme Court ruling that the dispute belonged in arbitration.
22 October 2024
Hong Kong court hits Russian bank with anti-suit injunction
The Hong Kong Court of First Instance has restrained a Russian state-owned bank from pursuing litigation in St Petersburg against its German subsidiary in defiance of an HKIAC arbitration clause.
15 October 2024
Cyprus seals win in billion-dollar dispute over shuttered bank
The French Court of Cassation has refused to reopen an ICC award that dismissed a US$1.4 billion investment treaty claim brought against Cyprus by the Lebanese former owners of a bank shut down by state authorities.
14 October 2024