Work Area: Sanctions
Barclays challenges Russian bank’s LCIA claim
A UK court has agreed to consider Barclays’ challenge to the jurisdiction of a sole arbitrator hearing an LCIA claim worth US$150 million brought by a Russian state-owned development bank – a dispute the British bank says must be heard in the English courts.
26 November 2024
Google gets UK injunctions over octillion-dollar Russian fines
The Commercial Court in London has restrained three sanctioned Russian media outlets from collecting fines worth at least “1.8 octillion” US dollars issued by a Moscow court against Google.
21 November 2024
Belarus enforces ICSID award against claimant in Russia
A Moscow court has recognised an award requiring an insolvent Russian railway company to pay Belarus more than US$10 million in costs – reasoning there was no unequal treatment in the arbitration since both Russia and Belarus are subject to Western sanctions.
18 November 2024
Are sanctions deterring arbitrators from taking cases?
A panel at GAR Live Seoul discussed the complexity of arbitrations involving a sanctioned party – and whether such concerns are discouraging arbitrators from accepting appointments.
18 November 2024
Austrian energy group wins ICC award against Gazprom
Austrian energy group OMV says it has won €230 million in an ICC claim against Russia’s Gazprom over a contract to supply gas to the German market – and intends to pursue enforcement immediately.
14 November 2024
Singapore court bars submissions by UK silk in enforcement action
A Singapore court has refused to allow an Essex Court silk to make oral submissions on English law relating to US sanctions in proceedings to enforce a US$316 million award.
14 November 2024
Rwanda and Côte d’Ivoire face ICSID claims
A sanctioned Belgian businessman has made good on his threat to file a US$50 million ICSID claim against Rwanda over the seizure of a gold refinery, while Côte d’Ivoire is defending a contractual claim at the centre over an abattoir project.
04 November 2024
Swedish court affirms Russian state corporation can pursue BIT claim
A Swedish court has rejected Ukraine’s challenge to a jurisdictional award that found a Russian state development corporation qualifies as an “investor” under a bilateral investment treaty.
04 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