Law: New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards
Nigeria settles dispute with Chinese investor over treaty award
Nigeria has settled its dispute with a Chinese investor in a free trade zone over a US$70 million treaty award, meaning the state has dropped its bid to have the US Supreme Court rule on the scope of sovereign immunity under the New York Convention.
16 April 2025
How does English law deal with an arbitration agreement when a party files a winding-up petition?
Radford Goodman and Greg Falkof of Mishcon de Reya in London consider a recent Privy Council decision refining English law’s approach to disputed winding-up petitions where there is an arbitration agreement between the parties.
03 September 2024
Crescent enforces Iranian gas award in the US
The UAE’s Crescent Petroleum has obtained a default judgment from a US court enforcing an award now worth US$2.75 billion against the National Iranian Oil Company.
02 May 2024
“Enough is enough!”: Indian satellite award enforced in US
A US court has enforced a US$140 million investment treaty award won by Deutsche Telekom against India over a cancelled satellite deal, rejecting the state’s immunity arguments and refusing to allow briefing of further merits defences.
02 April 2024
Billion-dollar award debt written off in UK restructuring
A UK court has approved a restructuring plan for a subsidiary of Houston-based construction group McDermott that will effectively extinguish a US$1.3 billion ICC award debt owed to a Colombian state-owned entity.
28 February 2024
Suriname accedes to New York Convention
Suriname, South America's smallest sovereign state, has become the 171st country to accede to the New York Convention, completing its coverage in the mainland Americas.
10 January 2023
Dutch court enforces Iraqi sea wall award
The Hague Court of Appeal has enforced a US$105 million ICC award against an Iraqi state entity over the construction of the longest sea wall in the world, after rejecting its state immunity defence.
21 November 2022
Spain liable in another solar case
An ICSID tribunal has ruled Spain must compensate a group of German investors for reforms to its renewable energy subsidy regime, while other disputes over the same measures have seen failed reconsideration requests and an unsuccessful enforcement bid in Colombia.
16 September 2022
Solar panel maker argues TotalEnergies fraud suit should go to ICC
A Chinese solar panel manufacturer has told a US court that a US$100 million fraud litigation brought by the renewables arm of France’s TotalEnergies belongs in ICC arbitration.
12 August 2022