Today marked the start of the second part of a bifurcated hearing in one of the largest arbitrations to come out of Korea last year, which has already seen a railway consortium awarded nearly US$500 million and a city left with a hefty bill.
Philippe Pinsolle, a partner at Shearman & Sterling in Paris, has been awarded the Swiss Arbitration Association’s annual prize for advocacy in international commercial arbitration.
After five years as the secretary general of the ICC International Court of Arbitration, Jason Fry is to return to private practice at Clifford Chance, where he will co-head the international arbitration group with fellow New Zealander Audley Sheppard.
Shareholders in Moldova’s largest bank have persuaded Russia’s top court to annul an award in favour of two Seychelles-registered companies issued in an arbitration that they doubt ever took place.
A scholarship to join a year-long postgraduate programme in international arbitration at Miami University will be awarded to the winner of a new essay competition launched by the university and Young ICCA.
The Court of Appeal in London has confirmed that a declaratory arbitral award can be enforced as a court judgment under the English Arbitration Act – the latest instalment in the long-running West Tankers dispute.
Herbert Smith partner Nick Peacock has returned to London from Singapore but will continue to focus his arbitration practice on South East Asian and Indian disputes.