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.
A Virgin Islands federal judge on Friday vacated an order compelling the owners of a shopping center to arbitrate their dispute with LG Electronics Panama over commercial air conditioning equipment, finding that more discovery is needed to determine whether the contract between the parties was a legally binding agreement.
Former OAO Yukos Oil Co. shareholders on Friday opened up another front in their bid for information to be used in a closely watched appeal in the Netherlands to revive $50 billion in arbitral awards against Russia, seeking permission to subpoena a former White & Case LLP partner who now lives in Pennsylvania.
A French unit of General Electric Co. urged the Eleventh Circuit on Thursday to revisit its decision finding that an Alabama steel plant owner doesn't have to arbitrate the companies' dispute over allegedly faulty motors, arguing that international arbitration law doesn't preclude non-signatories from enforcing an arbitration agreement.
A Netherlands court has denied Brazilian state-owned Petrobras' bid to arbitrate investors' securities fraud claims stemming from the oil giant's massive corruption scandal, ruling instead that shareholders can proceed with a collective action in Rotterdam.
Prime Minister Theresa May indicated on Friday that Britain’s chance of leaving the European Union without a trade deal had escalated, leaving banks and insurers facing legal uncertainty and the possibility of a cliff-edge Brexit.