England and Wales High Court of Justice, 26 July 2018, Franek Jan Sodzawiczny v. Andrew Joseph Ruhan, Gerald Martin Smith, Dawna Marie Stickler, Simon Nicholas Hope Cooper and Simon John McNally, [2018] EWHC 1908 (Comm)

In 2014, the parties entered into Confidential Settlement Deed (“Deed”) following previous commercial disputes. The Deed contained an arbitration clause providing for an LCIA arbitration in London and broadly-worded release and settlement provisions. In 2018, the Forth and the Fifth Defendants (Simon Nicholas Hope Cooper and Simon John McNally) initiated an LCIA arbitration against Mr [...]

England and Wales High Court of Justice, 18 May 2018, Mobile Telecommunications Company LTD v. HRH Prince Hussam Bin Saudi Bin Abdulaziz Al Saud (T/A Saudi Plastic Factory), [2018] EWHC 1469 (Comm)

Mobile Telecommunications Company LTD (“Claimant”) and HRH Prince Hussam Bin Saudi Bin Abdulaziz Al Saud (“Defendant”) concluded a loan agreement in 2010. It provided for LCIA arbitration with a seat in London in the event of a dispute between the parties. The arbitral tribunal, constituted in 2013, refused to stay proceedings because of the proceedings [...]

US District Court for the District of Columbia, 1 March 2018, Rusoro Mining Limited v Venezuela, 16-cv-02020

The District Court confirms the award, rendered in arbitration under the Canada-Venezuela bilateral investment treaty (the “BIT”). In 2016 Rusoro, a Canadian company, obtained a USD 967 million award after having been deprived by Venezuela of its gold mining interests in twenty-four Venezuelan companies. Venezuela moved to annul the award in the state of the [...]

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