A British judge on Wednesday upheld two arbitral awards challenged by a British Virgin Islands company in a contract dispute with a Malaysian company over a project in Iraq, finding the arbitrator who gave the awards was not biased by an alleged conflict of interest.
Attorneys for two Swedish food investors trying to collect on an arbitration award of nearly $250 million against the Romanian government over revoked economic incentives told a New York federal judge Wednesday that Romania is misrepresenting a World Bank independent committee’s refusal to annul the award.
A Chinese affiliate of General Electric Co. appeared poised Tuesday to win a default judgment in New York federal court against A-Power Energy Generation Systems Ltd. in its effort to collect on a 2012 arbitration award now worth $476 million lodged in Hong Kong against the Shenyang-based company and CEO Jinxiang Lu.
A New York federal judge on Wednesday rejected an oil tanker company’s effort to overturn a $55 million settlement of a $500 million arbitral award it won against the Nigerian National Petroleum Corp., saying evidence undermined the company’s claim that its CEO was strong-armed into signing the settlement.
Reed Smith LLP has kicked off celebrating the 10th anniversary of establishing its office in Dubai, United Arab Emirates, by luring two new partners away from Pinsent Masons LLP, including a disputes and arbitration lawyer, the firm announced on Tuesday.
The Court of Arbitration for Sport said Wednesday that the embattled head of the European soccer confederation, Michel Platini, is appealing the six-year ban from national and international soccer handed down by FIFA, after it was reduced from eight years.
An ad hoc World Bank committee ordered Venezuela on Monday to pay more than half of a $46.4 million award issued to an oil services company in a dispute over the alleged unlawful seizure of its ships, ruling that the country's annulment application only challenges part of the award.
A California federal judge has affirmed a $1 million award issued by a Shanghai-based arbitral institution in favor of a Chinese solar panel manufacturer in a contract dispute with California-based Sunvalley Solar Inc., saying Sunvalley had not given an adequate reason to warrant tossing the award.
The International Olympic Committee said Tuesday that a new division of the Court of Arbitration for Sport would rule on doping allegations during the Olympics starting with the 2016 Rio de Janeiro games, relegating itself to an enforcement role and leaving hearings and punishment decisions to the Swiss tribunal.
The U.S. Department of Agriculture on Tuesday released the formal repeal of its controversial country-of-origin labeling, COOL, regulations for beef and pork products in order to comply with a World Trade Organization decision that deemed the rules discriminatory against Canadian and Mexican producers.
The Permanent Court of Arbitration in The Hague has seen the steady uptick in the number of cases it has handled over the last few years continuing in 2015 with a total of 138 cases, according to the institution's latest annual report released on Monday.
An American technology company’s affiliate in the United Arab Emirates renewed a previously failed bid for legal fees after it successfully sued to arbitrate an Emirati bank’s contract claims related to an intellectual property dispute in California instead of Dubai, telling a California federal judge Monday that the bank is contractually obliged to make the payments.
New York City-based international law firm White & Case LLP has added a new partner in its Prague office to focus on mergers and acquisitions in Central and Eastern Europe, the firm announced on Tuesday.
Canadian mining company Gold Reserve Inc. has entered into an agreement with Venezuela that contemplates the settlement of a $740 million arbitration award ordered against the country in a dispute over canceled mining permits and paves the way for future cooperation, the company announced Monday.
LG Electronics Inc. has agreed not to contest an arbitration tribunal’s decision that it does not have the right to arbitrate over an expired patent license with Pennsylvania-based InterDigital Communications Inc., according to an official from InterDigital Communications. Correction: An earlier story misstated that LG consented to monetary relief. The error has been corrected.
Greatex Trade & Investment Limited asked a New York federal court Monday to enforce an award of more than $300,000 for legal fees against a Cayman Islands company in a shareholder dispute over Greatex’s lost £4 million ($5.57 million) investment in a English airport hangar.
An ad hoc World Bank tribunal committee refused on Friday to annul an approximately $250 million award issued to two Swedish food industry investors in a long-running dispute with Romania over revoked economic incentives, rejecting a defense that the country had been asked to repeal the measures to secure European Union accession.
As more arbitral institutions adopt provisions allowing for emergency arbitrators, who can grant parties interim relief before a tribunal has been constituted, it behooves attorneys to know exactly what they’re in for before availing themselves of this increasingly popular option. Here, Law360 lays out three things that practitioners should consider before they seek out an emergency arbitrator.
Law360 is pleased to announce the formation of its 2016 International Arbitration editorial advisory board.
An Australian judge ruled Friday that an appeals court must weigh whether an Australian solar panel company can serve its claim over a botched supply agreement to the American affiliate of an Australian solar panel wholesale company in the U.S. while arbitration proceedings in New York are ongoing.