Industry: Technology
Malaysian state entity defeats bid to revive SIAC claim
UPDATED: A Singapore court has upheld a SIAC award favouring Malaysia’s state-owned telecoms company in a US$35 million dispute with a provider of set-top boxes for internet protocol television, finding no evidence the arbitrator failed to keep an open mind.
07 February 2023
Chinese tech company wins partial annulment in software dispute
UPDATED WITH LINK TO AWARD: A subsidiary of the creator of Chinese social media website Weibo has persuaded a Dutch court to partially annul a US$116 million award concerning alleged misuse of location-based services software, a dispute that has spawned enforcement proceedings in Hong Kong and the British Virgin Islands.
01 September 2022
Hong Kong award surfaces in tech investment dispute
A Chinese asset management group has asked a US court to enforce a US$145 million HKIAC award against the co-founder of a mobile internet services company in which it invested.
17 August 2022
Apple settles with headphones maker
Apple has ended its bid to enforce an ICC award that held a US headphones maker liable for breach of confidentiality after agreeing to settle the dispute.
01 August 2022
ICSID panel says inter-state negotiation clause doesn’t derail claim
An ICSID tribunal has dismissed Georgia’s preliminary objection to a case concerning a local internet provider, holding that a pre-arbitration inter-state negotiation clause lacks “bite” and only required the investor to issue notice of its claim.
20 June 2022
Venezuela faces treaty claim over alleged electoral fraud
The UK owner of election technology group Smartmatic has brought a US$1.5 billion investment treaty claim against Venezuela, accusing it of a campaign of harassment following an allegedly fraudulent election.
06 June 2022
Korea’s LG wins damages in dispute with Sharp
LG Corporation has won a US$95 million SIAC award against Japanese electronics manufacturer Sharp for violating a display technology licensing agreement – although it is far less than the US$850 million the Korean party had asked for.
30 May 2022
Apple wins ICC dispute with headphones maker
An ICC tribunal has ruled that a US headphones maker violated a confidentiality agreement with Apple when it sued the California-based tech multinational for alleged patent infringement.
01 March 2022
Benin can’t escape annulled award
A French court has upheld the enforcement of an ICC award against Benin even though it was annulled by the courts at the seat, reasoning that the set-aside decision is irrelevant until it is itself recognised in France.
03 February 2022
Venezuela defeats dual national’s billion-dollar claim
A dual national backed by a third-party funder has seen his billion-dollar treaty claim against Venezuela thrown out based on his “dominant and effective” nationality.
01 February 2022