International Arbitration Law360 provides breaking news and analysis on international arbitration law. Coverage includes international arbitration proceedings, policy developments that affect international arbitration, and legal challenges to arbitration rulings.
The Trump administration's declaration that Hong Kong is no longer autonomous from China has opened the door for a wave of potential new trade and investment restrictions that could severely curtail American companies' ability to do business in the region.
The Eleventh Circuit on Thursday affirmed a pair of arbitral awards issued to a Panamanian media company in a dispute stemming from a soured deal to roll out Imax theaters in Latin America, rejecting the Canadian large-format film company's argument the tribunal had exceeded its powers.
A Singapore court has refused to set aside an award issued to a Japanese company that appears to be drugmaker Daiichi Sankyo Co. Ltd. following a soured $4.6 billion deal in which it bought the majority stake in a major Indian pharmaceutical manufacturer.
The Multiparty Interim Appeal Arbitration Arrangement allows participating countries to appeal trade disputes during the effective freeze of the World Trade Organization Appellate Body caused by the U.S. blockade of judicial appointments to the body, but the limited membership of the arrangement means countries still require a long-term resolution to the WTO's judicial crisis, says Bashar Malkawi at the Dubai Rulers Court.
Engineering company Dresser-Rand Co. urged a New York federal court Wednesday to order a subsidiary of Venezuela's state-owned oil company to pay $132.3 million owed under a defaulted bond, saying further delay will leave it at a disadvantage when trying to compete with other creditors.