Work Area: Sanctions
EFILA explores “new frontiers” in investment arbitration
The 9th annual conference of the European Federation for Investment Law and Arbitration (EFILA) highlighted how investment arbitration is needed more than ever as society deals with geopolitical tension, climate change and the energy transition. Leah Thomas of Clifford Chance reports.
14 May 2024
UK judge finds Russia sanctions don’t make LCIA clause inoperative
A London court has rejected arguments by a Russian state-owned bank that an LCIA arbitration clause in a derivatives agreement with the UK’s Barclays Bank has become inoperative because of international sanctions.
13 May 2024
Barclays gets anti-suit injunction against Russian state-owned bank
The Commercial Court in London has restrained a Russian state-owned development bank from pursuing a US$155 million lawsuit in Moscow against the UK’s Barclays Bank, finding their derivatives dispute should be heard in LCIA arbitration.
08 May 2024
Uniper challenges Russian anti-arbitration injunction
German state-owned energy group Uniper has appealed a Russian court ruling that ordered it to terminate a Stockholm-seated arbitration against Gazprom’s export arm or pay a €14.3 billion penalty.
07 May 2024
Goldberg leads Pinna expansion in London
David Goldberg has left White & Case, where he was co-head of investment arbitration in London, to join the arbitration boutique set up by Andrea Pinna and launch its new office in the UK capital.
02 May 2024
UK judge refuses to issue “anti-anti-arbitration injunction”
A UK judge has refused to restrain an Emirati trading company from enforcing an anti-arbitration injunction issued by the Malaysian courts in a dispute over shipments of oil that allegedly violate US sanctions.
30 April 2024
Canadian miner threatens Venezuela with US$7 billion claim
Canada’s Gold Reserve, which won a billion-dollar award against Venezuela a decade ago, has threatened the state with a new investment treaty claim worth more than US$7 billion after its mining rights were again revoked.
24 April 2024
Russian court restrains HKIAC claim against Gazprom venture
A Russian court has restrained an HKIAC arbitration against a Gazprom affiliate while refusing to impose a €1.8 billion penalty on the German claimant – as another Gazprom subsidiary asks it to block an arbitration brought by a Dutch gas pipeline operator.
19 April 2024
UK Supreme Court hears Gazprom venture’s appeal over anti-suit relief
The UK Supreme Court has heard a Gazprom joint venture’s challenge to an English anti-suit injunction that was granted to support a Paris-seated ICC arbitration agreement.
19 April 2024
Shipping group launches claims amid Iranian oil spat
A Belgian shipping group says it has launched arbitrations against two trading companies in a dispute over oil storage, after a US investigation found the oil was of Iranian origin and potentially violated US sanctions.
17 April 2024