United States District Court, District of Columbia, 22 March 2018, Balkan Energy Limited v. The Republic of Ghana, no. 17-cv-005582 (APM)

On 22 March 2018, the District Court confirmed an arbitral award in favor of Balkan Energy Limited and dismissed Ghana’s objections in seeking to oppose the award’s enforcement. The arbitral tribunal had awarded more 11.75 million dollars in damages for the breach of a Power Purchase Agreement on the grounds that the company had legitimate [...]

Royal Court of Justice, 1 March 2018, Jiangsu Shagang Group Co Ltd v Loki Owning Co Ltd, (2018) EWHC 330

On 1 March, the Royal Court of Justice of the United Kingdom ruled on an action for annulment by a guarantor, Jiangsu Sharang Group (JSG) against the arbitral award recognising the jurisdiction of the arbitral tribunal to hear the dispute between it and the owner of the guaranteed vessel, Loki Owning Company (the owner) in [...]

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