Tag Archives: security

English Court of Appeal refuses Micula Appeal against stay of ICSID Award but orders Romania to provide £150m Security

In Micula & Ors v Romania [2018] EWCA Civ 1801 the English Court of Appeal (the “Court”) dismissed an appeal against the High Court’s stay of enforcement of a 2013 ICSID award in favour of Swedish investors Ioan and Viorel … Continue reading

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Filed under Enforcement, Enforcement - Europe, EU, EU Law, Europe, Investment Arbitration

English Court of Appeal permits enforcement of a New York Convention award on the basis of excessive delay in challenge proceedings in the courts of the seat

In its judgment in IPCO (Nigeria) Limited v Nigerian National Petroleum Corporation (No.3) [2015] EWCA Civ 1144 & 1145, handed down on 10 November 2015, the Court of Appeal considered whether the Appellant ("IPCO") was entitled to enforce an arbitration … Continue reading

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Filed under Arbitration Act 1996, Awards, Challenges to awards, Enforcement, New York Convention

Staying enforcement of awards: the English Commercial Court offers practical guidance for both sides

In a recent decision Y and S [2015] EWHC 612, the English Commercial Court considered the circumstances in which the Court would (i) make an order suspending the enforcement of an award and (ii) make an order for the provision … Continue reading

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Filed under Arbitration Act 1996, Enforcement, Europe