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The General Assembly of the Dubai Court of Cassation has recently issued a judgment in its Decision No. 10 of 2023 (the “2023 Decision“), in which it considered the legal principles regarding the validity of arbitration agreements. The General Assembly has directed that the principle established by the Dubai Court of Cassation in Contestation No. … Read more
In Renaissance Securities (Cyprus) Ltd v Chlodwig Enterprises Ltd & Others [2023] EWHC 2816 (Comm), the English High Court granted an anti-suit injunction (an ASI) to restrain Russian court proceedings brought by sanctioned counterparties. The Russian proceedings were brought in breach of a London seated LCIA arbitration clause, with the intention to benefit from the … Read more
The Shanghai International Arbitration Center (“SHIAC”), one of the leading arbitral institutions in the PRC, has launched new rules which will come into effect from 1 January 2024. Key changes include new provisions for emergency arbitration (Article 25), single arbitration under multiple contracts (Article 15), disclosure of funding arrangements (Article 35.3), publication of desensitised and … Read more
The Law Society of England and Wales has recently launched a new initiative to highlight the attractions of English law and of England and Wales as a leading international legal centre, with key benefits including an independent judiciary, reliable courts and predictable outcomes. Its International Data Insights Report 2023: Global Position of English Law is intended to … Read more
We are pleased to be hosting the Young EFILA network at our London offices tomorrow, Friday 10 November 2023. There will be a networking breakfast from 9am followed by a panel session at 9.30-10.30am entitled “What is the status and future of the enforcement of intra-EU awards in the UK and the US?” The speakers … Read more
On 1 November 2023, in Hulley v Russian Federation [2023] EWHC 2704 (Comm), Mrs Justice Cockerill in the English High Court (the Court) dismissed a jurisdictional challenge brought by the Russian Federation (Russia) in proceedings for the enforcement of two arbitral awards issued in favour of the former majority shareholders in OAO Yukos Oil Company … Read more
In JOL and JWL v JPM [2023] EWHC 2486 (Comm), the English High Court has dismissed an application for interim injunctions, finding the requirement of urgency under s44(3) of the Arbitration Act 1996 (the Act) had not been met. The decision illustrates that the Court will exercise caution in granting s44(3) orders to enforce disputed … Read more
The LCIA announced yesterday that it is introducing a package of updates. The updates include a revised Schedule of Costs and revised terms and conditions, both of which will come into effect on 1 December 2023. The LCIA has also updated its policy on receipt of funds, and published an updated Guidance Note for Parties … Read more
The King’s speech, which was delivered today (7 November 2023), confirmed that Parliament will consider the Law Commission’s recommendations for the reform of the Arbitration Act 1996 (the Act) in the forthcoming parliamentary session. Read more
