Search results for: arbitration

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  • 10 November 2014

    The China Maritime Arbitration Commission (CMAC) will set up an arbitration centre in Hong Kong, the first such centre outside China’s Mainland, to provide arbitration services for international maritime disputes, the Hong Kong Government said in a release. The CMAC, being a permanent arbitration institution specialising in the resolution of foreign and domestic maritime disputes, was […]

  • 2 November 2018

    African Petroleum (AP) is looking for an alternative arbitrator for its arbitration proceedings in Senegal after a potential conflict was identified for its previous nominee. The Senegalese government has not appointed an arbitrator either.  To remind, AP registered a request for arbitration proceedings with ICSID on July 11, 2018 to protect its interests in the Senegal […]

  • 15 May 2015

    Polskie Górnictwo Naftowe i Gazownictwo S.A. has called OAO Gazprom and OOO Gazprom Export to arbitration proceedings before the Arbitration Court in Stockholm.

  • 4 October 2013
    Business & Finance

    Nautilus Minerals Inc. (the “Company” or “Nautilus”) announces that the arbitrator, the Honourable Murray Gleeson AC QC has issued an award in Nautilus’ favour in respect of the issues that were the subject of the Notice of Arbitration initiated by the Independent State of Papua New Guinea (the “State”). The arbitrator’s award includes: – a […]

  • 8 August 2014
    Business & Finance

    SBM offshore looking to resolve a dispute over the proposed sale of the Diving Support and Construction Vessel ‘SBM Installer’.

  • 17 July 2012
    Business & Finance

    Nautilus Minerals Inc. announces that in addition to preparing its response to the Notice of Arbitration received from the Independent State of Papua New Guinea (the “State”), it continues to attempt to work with the State in an effort to resolve matters amicably. Nautilus and the state have agreed on the appointment of former Chief […]

  • 15 May 2015

    Polskie Górnictwo Naftowe i Gazownictwo S.A. has called OAO Gazprom and OOO Gazprom Export to arbitration proceedings before the Arbitration Court in Stockholm.

  • 4 July 2018
    Exploration & Production

    Brazil’s Petrobras will challenge an arbitration decision administered by the International Centre for Dispute Resolution this week obliging the company to pay $622 million in damages to Vantage Drilling.

  • 19 November 2018
    Business & Finance

    SCMA, CMAC signed a cooperation deal to promote maritime arbitration as a means for the effective resolution of maritime disputes.

  • 24 May 2016
    Business & Finance

    Chinese energy company Primeline Energy said on Wednesday it would start arbitration proceedings against oil giant CNOOC. The move follows the arbitration proceeds initiated by Primeline Energy last month against Zheijang Gas, relating to a dispute over non-payment for gas from an offshore gas field in China. Primeline Energy has now, as previously announced, turned […]

  • 2 August 2012

    The Arbitration Institute of the Stockholm Chamber of Commerce resolved to settle most of Gazprom’s claims against the Ministry of Energy of the Republic of Lithuania. The Ministry had filed a case with the Lithuanian court against Lietuvos Dujos and its top management in breach of the Shareholders Agreement. The Stockholm Arbitration Institute protected the […]

  • 18 January 2013

    Gazprom Export appealed to the Vienna Commercial Court on 8th January 2013 against the arbitration decision made on October 4th 2012 concerning the dispute with RWE Transgas. The dispute arose from the non-fulfillment of the take-or-pay clause in the contract on gas supply to the Czech Republic. The reason for cancellation is that the arbitration […]

  • 14 June 2016

    Singapore’s offshore vessel supplier Pacific Radiance has rescinded two platform supply vessel construction contracts with two Chinese shipyards. The company is also seeking money back for the pre-delivery installments paid. Pacific Radiance on Monday said its subsidiary Pacific Crest, had on June 13, 2016, issued two notices of arbitration, for arbitrations in Hong Kong against […]

  • 8 February 2019
    Business & Finance, Exploration & Production

    Brazilian oil company Petrobras has set aside $622 million plus interest in case it is forced to pay Vantage Drilling for wrongful termination of a 2015 drillship contract.

  • 18 July 2018

    US-based Kosmos Energy, one of the developers of the West African FLNG project, said Wednesday it won a legal dispute with UK’s Tullow Oil concerning the termination of a contract in Ghana. Kosmos unit Kosmos Energy Ghana HC was successful in its arbitration against Tullow Ghana Limited in a dispute over responsibility for expenditures stemming from termination of […]

  • 10 July 2013

    The Arbitration Court in Stockholm has now delivered the judgment in the arbitration between Bergen Group and Stocznia Gdansk SA in Poland. The judgment entails that Bergen Group must pay EURO 3.6 million to the hull yard in Poland. Bergen Group will study the judgment carefully before deciding on further handling of the case. The […]

  • 20 June 2013

    Bergen Group ASA has ongoing arbitration proceedings against the hull yard Stocznia Gdansk SA in Poland. The arbitration is related to the contract for the construction of the hull of the first cruise ferry currently under completion at Bergen Group Fosen. The hull of the cruise ferry was delivered from Stocznia Gdansk in April 2012, […]

  • 2 August 2019

    Three arbitrators appointed in the proceedings concerning the detention of three Ukrainian naval vessels.

  • 12 January 2017
    Business & Finance

    The Panama Canal Authority (ACP) has dismissed claims by GUPC, a consortium that constructed the Expanded Panama Canal, related to cost overruns in the expansion of the waterway. The ACP said it opposes the admissibility of new claims submitted by the consortium, with several of them leading to arbitration and not complying with the dispute […]

  • 10 July 2013
    Business & Finance

    The Arbitration Court in Stockholm has now delivered the judgment in the arbitration between Bergen Group and Stocznia Gdansk SA in Poland. The judgment entails that Bergen Group must pay EURO 3.6 million to the hull yard in Poland. Bergen Group will study the judgment carefully before deciding on further handling of the case. The […]

  • 26 February 2020
    Business & Finance

    Ocean Yield wins arbitration case against Okeanis ECO Tankers.

  • 10 February 2015
    Business & Finance

    The US West Coast ports reopened Monday morning after employers closed the docks for two days, International Longshore and Warehouse Union (ILWU) said. PMA attributed temporary suspension of port operations at the West Coast to a decision not to pay workers premium pay for diminished productivity. Talks to resolve the few remaining issues between the Longshore Union and […]