Damages

Dubai Court of Cassation dismisses claim for damages made against arbitral tribunal

Dubai’s Court of Cassation dismisses Meydan Group’s claim against Doug Jones, Humphrey Lloyd QC and Stephen Furst QC who were acting as arbitrators in a dispute between Meydan Group and WCT Holding. The United Arab Emirates (UAE), and Dubai in … Continue reading

Leave a Comment

Filed under Arbitrators, Damages, Middle East

Delay causes English Court to deny anti-suit injunction in respect of foreign proceedings brought in breach of an arbitration agreement

A recent case in the English High Court (the Court) demonstrates the need to act promptly when seeking an anti-suit injunction in relation to proceedings in a foreign court. The claimant, Essar Shipping Ltd (ESL) sought an anti-suit injunction in … Continue reading

Leave a Comment

Filed under Brussels Regulation, Damages, EU, Europe

The largest Arbitration Awards in history: Three Majority shareholders in Yukos awarded total damages of over $50bn from the Russian Federation

On 18 July 2014, the Claimants in three related arbitrations administered under the 1994 Energy Charter Treaty and the 1976 UNCITRAL Arbitration Rules prevailed against the Russian Federation. ┬áThe Claimants[1] were former shareholders of the OAO Yukos Oil Company (“Yukos”), … Continue reading

Leave a Comment

Filed under Costs, Damages, Europe, Investment Arbitration

Partial annulment of ICSID award against Chile

In the latest instalment of the Victor Pey Casado and Foundation “Presidente Allende” v Republic of Chile saga, an ad hoc committee (the Committee) has partially annulled a 2008 ICSID award (the Award) that ordered Chile to pay over US$10 … Continue reading

Leave a Comment

Filed under Challenges to awards, Costs, Damages, Investment Arbitration, The Americas

Record Award Against Ecuador Demonstrates Willingness of Tribunal to Review State Decisions on Grounds of Proportionality

In an award notified to the parties on 5 October 2012 (the Award), the majority of a three-member arbitral tribunal established under the ICSID Convention has directed the Republic of Ecuador (Ecuador or the Respondent) to pay US companies Occidental … Continue reading

Leave a Comment

Filed under Damages, Investment Arbitration, The Americas

“West Tankers” Saga Continues: Court rejects Tribunal’s finding that it did not have jurisdiction to award damages for breach of an obligation to arbitrate

In the most recent of a long running series of decisions arising from a collision between the Appellant’s vessel, the “Front Comor”, and a Sicilian pier owned by the vessel’s charterers, the English court has found that the majority of … Continue reading

Leave a Comment

Filed under Challenges to awards, Damages, EU Law, Europe