A New York federal judge on Thursday gave Berkshire Hathaway’s National Indemnity Co. another opportunity to respond to a Brazilian reinsurer’s request to hold off on enforcing judgment while it appeals an order confirming three arbitration awards in NICO’s favor, despite objections.
The government of Romania again urged the Second Circuit on Wednesday to reverse a New York federal judge’s confirmation of a $250 million arbitral award it was ordered to pay two Swedish food businessmen, saying summary proceedings can’t be used to confirm awards of the International Centre for Settlement of Investment Disputes.
ING Bank NV asked a New York federal judge Wednesday to toss a suit from a Japanese marine-equipment supplier seeking to sort out competing payment requests for a marine fuel shipment it ordered from bankrupt OW Bunker, saying the suit lacks U.S. ties and the dispute should be arbitrated.
International arbitration has allowed me to work in disputes, but in a context where a typical case unites parties, lawyers and arbitrators from multiple jurisdictions, backgrounds, cultures and experiences. Beyond legal ability, this practice requires people skills and an appreciation for cultural differences to navigate a multinational environment, says Elliot Polebaum, leader of Fried Frank Harris Shriver & Jacobson LLP's international arbitration practice.
In international arbitration there are the all-too-frequent fire drills, all-nighters and unwelcome surprises at the worst possible time. But in my 13 years of practicing I cannot recall two days that have been exactly alike, and, at least for me, that’s the greatest thing about this practice area, says Dmitri Evseev, a partner at Arnold & Porter LLP.
The U.K. Supreme Court on Wednesday tossed an appeal from the owners of the Res Cogitans oil tanker, ruling that the vessel’s owners must pay an agreed-upon price to bankrupt fuel supplier OW Bunker Malta Ltd. for a delivery of maritime fuel.
A D.C. federal judge on Wednesday denied Kazakhstan's bid to add evidence purportedly showing that two Moldovan oil and gas investors used fraud to obtain their $500 million award from a Stockholm arbitration panel, saying it wasn't in the interest of justice to do so.
A Cypriot company that runs several shopping centers in Ukraine said Wednesday that it won an arbitration award that takes it one step closer to taking control of a Kiev mall after more than five years of feuding with its majority owners.
The U.K. Supreme Court sided with several London arbitrators on Wednesday, holding that a company that had chartered a vessel, which was mistakenly detained to secure a more than $1.5 million claim against a third party, was not responsible for hire costs during that period.
Mitchell Silberberg & Knupp LLP has launched an international arbitration practice with the hire of a veteran of cross-border arbitral disputes, foreign regulatory matters and litigation from Winston & Strawn LLP as a partner in its Washington, D.C., office.
The Eleventh Circuit on Tuesday rejected a Norwegian Cruise Line crew member’s bid to escape arbitration of his job injury claims because of the costs, finding in a precedential ruling that the employee didn’t provide enough evidence to show that arbitration represents an insurmountable financial burden.
The growing popularity of commercial arbitration in international disputes and the shrinking of the world from a commercial perspective makes arbitration in cross-border commercial relations an increasingly attractive option for commercial enterprises, says Michael Gardner, co-founder of Gardner Haas PLLC.
The top hourly rate corporate clients are willing to pay their outside attorneys has increased by a whopping 25 percent in the last year to its highest level ever, according to information released Wednesday. Here, find out how much money clients are willing to fork over for just an hour of their counsel's time.
International arbitration requires patience. I’ve seen many talented young lawyers leave because they are overextended or were unwilling to get through a rough patch. Although this may be true in most areas of the law, international arbitration will sometimes reward the wait with some of the most interesting cases, places and people in the world, says Adolfo Jimenez, a partner at Holland & Knight LLP.
Slovakia has convinced a German court to refer its dispute with Achmea BV over a €22 million ($25 million) arbitral award to the European Court of Justice, setting the stage for the court to consider the legality of Slovakia's investment treaty with the Netherlands, according to a report Tuesday.
The Board of the Chartered Institute of Arbitrators' Australian branch has appointed Gianna Totaro, who boasts more than 15 years' experience in the alternative dispute resolution industry, as its first chief executive, according to a Tuesday announcement.
Montenegro has defeated a more than €100 million ($113.7 million) claim brought against it by Dutch shareholders in a steel production facility, who accused the government of interfering with the facility's operation and management in the run-up to its bankruptcy, counsel for Montenegro said on Monday.
The Scottish Arbitration Centre will host the International Council for Commercial Arbitration Congress 2020 in Edinburgh, having beat out six competitor cities that sought to host the biennial international arbitration conference.
A draft international arbitration bill set to replace South Africa's long-outdated commercial arbitration legislation is an encouraging sign to investors, but it is unlikely to position the country as an international arbitration hub given recent legislation criticized for curbing investor-state arbitration.
Whenever one has a sovereign state as an opponent, there are substantial obstacles to overcome, but the underlying facts in this case are as colorful as they come, including threats having been made against my clients that they would be sentenced to death, says George Burn, a partner in Vinson & Elkins LLP's international dispute resolution group.