Daewoo Shipbuilding Can't Get Awards To Songa Nixed

Law360, London (September 2, 2020, 8:36 PM BST) -- An English judge has dismissed a bid by Daewoo Shipbuilding to overturn arbitration awards in favor of the European offshore drilling contractor Songa.

On Tuesday, High Court Judge Nerys Jefford refused two applications by Daewoo Shipbuilding & Marine Engineering Co. Ltd. seeking to appeal two awards issued to Songa in June 2019. She said Daewoo Shipbuilding's argument that the tribunal's decision was irregular has a "complete lack of merit."

The dispute stems from two contracts that the companies entered into in September 2011 for the design, construction and sale of semi-rigs. South Korea's Daewoo Shipbuilding argued in arbitration that two Songa...

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