International Arbitration

  • December 17, 2015

    ICSID Won't Nix Arbitrator In Venezuela, ConocoPhillips Row

    The International Centre for Settlement of Investment Disputes has opted not to disqualify a member of the tribunal that found Venezuela had illegally expropriated ConocoPhillips' oil investments in 2007 in a decision made public on Thursday, sinking yet another bid by the South American nation to undo the ruling.

  • December 16, 2015

    FINRA Task Force Calls For More Transparency In Arbitration

    The Financial Industry Regulatory Authority on Wednesday recommended encouraging Wall Street arbitrators to explain future decisions in writing in a new report that suggests broad changes to the securities industry’s primary arbitration forum for disputes between brokers and customers in the interest of making the process more transparent.

  • December 16, 2015

    US Still Mulling Its View Of $43M Greek Contract Dispute

    The U.S. government is still considering whether to weigh in on a petition to confirm a €39.8 million ($43.2 million) arbitration award in a dispute between Greece and a U.S.-based government services firm over a public safety system, according to a filing in D.C. federal court.

  • December 16, 2015

    Siemens, Outokumpu To Mediate Steel Contract Row

    Siemens and Outokumpu agreed to mediate the latter's breach of contract suit over construction work at an Alabama steel plant and sought to pause the case Tuesday, in which Siemens' bid for German arbitration is still pending.

  • December 16, 2015

    Turkish Scrap Metal Co. Ordered To Pay Up In Shipment Row

    A New York federal judge on Wednesday ordered a Turkish steel company to pay up on an international arbitration award issued to Travelers Insurance Co. in a dispute over an allegedly subpar shipment of scrap metal, ruling that the insurer had properly served the steel company.

  • December 16, 2015

    Biz Service Provider Loses Bid To Get Tech Co.'s Asset Info

    Business services provider Sutherland Global Services Inc. can’t force Adam Technologies to reveal information about its assets for the retrieval of an arbitration award, a New York federal judge ruled Tuesday, saying the court has no authority to compel discovery.

  • December 16, 2015

    India Revamps Framework For Investment Treaties

    India has approved a revised policy framework for negotiating investment treaties in certain economic partnership and free trade agreements with an eye toward boosting investment and avoiding international arbitration, though it has specifically excluded taxation from the model treaty, the government said Wednesday.

  • December 15, 2015

    New Law Allows Russia To Overturn Int'l Human Rights Rulings

    Russian President Vladimir Putin on Tuesday signed into law a bill authorizing the country's Constitutional Court to overturn decisions issued by the international European Court of Human Rights if they contradict Russian law, according to state-run media.

  • December 15, 2015

    Software Co.'s Dispute With UAE Bank Moves Toward Appeal

    A California federal judge set the stage Monday for a final ruling in a contract dispute between an Emirati bank and a U.S. tech company, refusing to pause the case and preparing to clear the way for the bank to appeal his decision to compel arbitration in California instead of Dubai.

  • December 15, 2015

    Judge Wrongly Cut Evidence On 'Sham' Deal, Court Told

    A Virgin Islands shopping center told a federal court Monday it shouldn't be forced into foreign arbitration in a dispute with LG Electronics Panama SA over commercial air conditioning equipment, saying the parties' supply agreement, which contained the arbitration clause, was never meant to be binding.

  • December 15, 2015

    ICSID Ends Argentina Debt Action After Fees Went Unpaid

    The World Bank’s International Centre for Settlement of Investment Disputes on Monday tossed a proceeding brought by 183 Italian investors against Argentina over refunds for defaulted government bonds issued in the wake of the country’s economic crisis because the parties failed to pay for expenses.

  • December 15, 2015

    Afghan Trucking Co. Seeks Affirmation Of $6.5M Award

    An Afghan subcontractor embroiled in a dispute with a U.S. government contractor that delivered fuel and cargo in Afghanistan asked a Wyoming federal judge Monday to uphold a $6.5 million arbitration award it was issued in May, calling the contractor’s effort to vacate the award groundless and factually wrong.

  • December 15, 2015

    MTA Insurer Presses For UK Arbitration In $20M Sandy Row

    The insurance arm of New York's Metropolitan Transit Authority urged a Manhattan federal court to send a fight over $20 million in coverage for damage caused by Superstorm Sandy to arbitration in London on Monday, telling the judge not to let a reinsurer edit its policy in court.

  • December 15, 2015

    ICSID To Consider Nixing $49M Award In Bolivian Mining Row

    The International Centre for Settlement of Investment Disputes said Monday it has appointed a committee to evaluate Bolivia's bid to undo a $48.6 million arbitral award to a Chilean mining company, issued after a tribunal found that Bolivia had unlawfully revoked the company’s mining rights.

  • December 15, 2015

    DC Circ. Questions If $460M Czech Arbitration Row Is Moot

    A medical device company's bid to enforce a $460 million Czech arbitration award in the U.S. hit a potential snag Tuesday, when the D.C. Circuit grilled both sides about the dispute's still playing out in Czech courts and whether that made the enforcement bid moot.

  • December 14, 2015

    NC Airline Agrees To Arbitrate $98M Row With Air India

    A North Carolina-based airline has agreed to take its $97.7 million lawsuit against Air India to arbitration while maintaining before a New York federal judge that their contracts for charter services between India and Saudi Arabia did not mandate arbitration.

  • December 14, 2015

    Russia Never Agreed To Arbitrate $50B Yukos Row, Court Told

    Russia urged a D.C. federal court on Friday to toss a bid by ex-majority shareholders of Yukos Oil Co. to confirm $50 billion in arbitration awards in a dispute over the country's alleged campaign to dismantle Yukos in favor of the state-owned Rosneft, saying it never agreed to arbitrate the claims.

  • December 14, 2015

    Sports Arbitration Body Denies FIFA Pres. Hopeful Appeal

    The Court of Arbitration for Sport on Monday tossed an appeal by former Trinidad and Tobago soccer player David Nakhid asking it to overturn a decision by FIFA to refuse his candidacy for the global soccer governing body’s upcoming presidential elections.

  • December 14, 2015

    Foreign Arbitration Award Doesn't Bar RICO Claim: 9th Circ.

    The Ninth Circuit on Friday revived a semiconductor company's lawsuit seeking triple damages under the Racketeer Influenced and Corrupt Organizations Act from its former supplier for allegedly conspiring to poach customers, concluding that a $9 million judgment won in foreign arbitration proceedings did not extinguish the company's claims.

  • December 14, 2015

    Breakthrough On Green Goods Pact Unlikely At WTO Summit

    An agreement to slash tariffs on scores of clean energy products appears to be on the back burner at this week’s World Trade Organization ministerial conference after the official leading the talks said Monday that the 17 countries negotiating the pact will resume at the beginning of next year.