On 3 March 2011, three petrol concession were granted to Chevron on the Romanian territory. To this end, Chevron agreed with the National Agency to carry out works for the exploration and the development of the areas of Costineti, Vama Veche and Adamclisi, an obligation which it has never respected and which had ended by [...]
The National Lybian Oil Corporation announced its victory in two ICC arbitrations with a value of at least US$ 1.4 billion. The first case against the Libyan Emirati Refining Company started in 2013, involving allegations of breaches of a crude oil supply agreement following the revolution that led to Kaddafi’s impeachment and claims relating to [...]
According to a press release, a Hong Kong-seated tribunal issued a partial award ordering SouthGobi Sands (Mongolian subsidiary of SouthGobi Resources) to return a US$11.5 million payment to First Concept, in a dispute over an agreement to supply coal which had not been performed.
An ICC award issued on 29 November 2017 has ordered the famous Canadian operator Blackberry, to pay US$137 million to Finnish operator Nokia, after the failure of payments under a patent licensing agreement. Starting in April of 2017, the arbitration was marked by Blackberry’s acceptance of the terms of decision of the arbitral tribunal, which [...]
As part of its energy policy, Pakistan concluded a series of electricity supply agreements with many power companies. In these agreements, Pakistan committed to pay the fuel expenses needed for plants. During the execution of the contract, Pakistan complained that the companies were not operating their plants at full capacity, the latter feeling unable to [...]