Work Area: Oil and gas

The former majority shareholders in Yukos are celebrating a “victory for the rule of law” after today's ruling by a Dutch appeal court reinstating three Energy Charter Treaty awards worth US$50 billion against Russia.

18 February 2020

UPDATED WITH AWARD: An ICC tribunal has granted a Costa Rican state entity’s request to dissolve its joint venture with a Chinese counterpart in a politically sensitive dispute over a cancelled US$1.5 billion project to upgrade an oil refinery – while related criminal proceedings continue.

01 November 2019

An ICC tribunal seated in Buenos Aires has granted declaratory relief in favour of Brazil’s state-run energy company Petrobras against Uruguay in a dispute over the rising cost of gas imports – while dismissing its $50 million damages claim.

26 March 2019

An LCIA-administered UNCITRAL tribunal has issued a partial award in a dispute between Brazilian partners in an oil exploration venture off the coast of Rio de Janeiro, finding that a notice to exclude one of the partners from the project was validly issued.

09 October 2018

A panel at this year’s GAR Live Energy Disputes in London questioned the quality of damages awards in recent high-value arbitrations, including a US$9 billion award against Nigeria – before being surprised to find that counsel to the claimant in that case was in the audience.

05 October 2018

An ICSID tribunal has ordered Egypt to pay more than US$2 billion to a joint venture between Spain’s Naturgy and Italy’s Eni over the interruption of gas supplies to a liquefied natural gas plant at the port of Damietta.

03 September 2018

A Stockholm Chamber of Commerce tribunal has rejected claims that a Ukrainian gas joint-venture agreement was procured through collusion or corruption, while ruling it must be terminated because changed circumstances including a royalty hike on gas sales have made it unworkable.

16 July 2018

30 May 2013

02 December 2011

24 March 2006