It happens that even if arbitral awards were set aside in jurisdiction where they were rendered they are still enforced in other jurisdictions. The Pakistan v. Dallah case where French court refused to set aside an award which the UK Supreme Court rendered unenforceable. In Hilmarton and Putrabali cases French courts recognized and enforced an arbitral […]
It is reported that in TS Investment Corp v. Republic of Armenia, LCIA tribunal found in favor of the Respondent rejecting investor’s claims. TS Investment Corp asserted claims based on breach of a contract between the parties as well as US-Armenia BIT. The arbitration centered around TS’s investment into a tire plant in Yerevan, Armenia, […]
An interesting case is due to be considered by the Russian Supreme Commercial Court within the next few months. Two issues before the court are: (1) whether an arbitral tribunal may fine a party to the arbitration for failure to comply with the tribunal’s order and (2) whether the procedural guarantees that are accorded to […]
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