International Arbitration Law360 provides breaking news and analysis on international arbitration law. Coverage includes international arbitration proceedings, policy developments that affect international arbitration, and legal challenges to arbitration rulings.
The remnants of Milberg LLP can't recoup close to $12 million in fees it believes it is owed by former clients because it didn't show the court has jurisdiction over the dispute, a New York federal judge said Wednesday.
An international committee on Tuesday refused to annul a $22 million arbitral award issued following an 11-year-old dispute over a terminated mining license, rejecting The Gambia's arguments that it had been improperly denied its right to appoint an arbitrator.
ExxonMobil Corp. and Royal Dutch Shell PLC asked the Second Circuit to reinstate their bid to enforce an annulled $2.7 billion arbitration award against Nigeria's state-owned oil company, which had accused them of underpaying tax.
The Venezuela Ministry of Defense on Tuesday accused a U.S. shipbuilder of creating a "false sense of urgency" to seize Venezuela's holdings in Delaware and fulfill a $138 million arbitral award, conflating the country with its defense ministry along the way.
The Second Circuit on Wednesday concluded that U.S. law does not allow federal courts to order discovery for private commercial arbitration abroad, rejecting a bid by an early investor in three Chinese music streaming companies to seek documents for an arbitration proceeding in China.