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Aceris Secures USD 19 Million ICC Arbitration Award for North American Client, Wards Off USD 131 Million in Counterclaims

25/10/2017 by International Arbitration

Aceris Law has secured another highly favourable international arbitration award, obtaining an arbitration award in excess of USD 19 million on behalf of a North American client, while warding off counterclaims in excess of USD 131 million. The final award in the ICC arbitration was rendered in October 2017. It concerned an engineering, design, procurement […]

Filed Under: FIDIC Arbitration, ICC Arbitration, Interim Measures, Security for Costs in Arbitration

ICC Arbitration Clause

24/06/2017 by International Arbitration

ICC Arbitration Clause

By including an ICC Arbitration Clause in a contract, the parties agree that their dispute will be resolved by arbitration and that the arbitration proceedings will be governed by the procedural rules in the ICC Rules of Arbitration, in addition to any mandatory rules at the seat of arbitration. This also implies that the International […]

Filed Under: Arbitration Agreement, Arbitration Cost, Arbitration Information, Arbitration Rules, ICC Arbitration

Sales Representative (Iraq) v. Manufacturer (France), ICC Case No. 16684, Final Award (2012)

06/06/2017 by International Arbitration

Sales Representative v. Manufacturer

This ICC arbitral award concerns the notion of estoppel and a Representation Agreement between the parties, and whether a contract was valid and enforceable despite a United Nations embargo, with respect to a contract under Swiss law. While the contract was being performed, an Iraq embargo was ordered by the United Nations following the invasion […]

Filed Under: Arbitration Agreement, Arbitration Award, Arbitration Damages, Arbitration Jurisdiction, Arbitration Procedure, Arbitration Rules, France Arbitration, ICC Arbitration, International Arbitration Law, Iraq Arbitration, Kuwait Arbitration, Switzerland Arbitration

Stay of Judicial Proceedings Pending Arbitration: Rogers, Burgun, Shahine and Deschler, Inc. v. Dongsan Construction Co. ltd. US District Court for the Southern District of New York (1984)

05/06/2017 by International Arbitration

In this case, Dongsan (Claimant) subcontracted RBSD (Respondent) services for developing part of the design of a hospital in Saudi Arabia. The Claimant agreed to pay 20% of the 2,5 million dollar fee in advance of Respondent’s performance. Respondent provided Claimant a Letter of Guarantee to secure the full amount of the advancement payment. The […]

Filed Under: Arbitration Jurisdiction, Arbitration Procedure, Arbitration Rules, Court of Arbitration, ICC Arbitration, International Arbitration Law, New York Convention, Saudi Arabia Arbitration

ARBITRATION AND RICO CLAIMS: FINAL AWARD IN ICC CASE N. 6320 (1992)

04/06/2017 by International Arbitration

This ICC arbitration concerns arbitration and RICO claims, arising in the context of a plant built in Brazil. By way of background, a Contract was entered into in 1972. The Contract was governed by Brazilian law and the seat of arbitration was agreed to be Paris. The parties, Furnas, a Brazilian company (Claimant) and a […]

Filed Under: Arbitration Award, Arbitration Information, Arbitration Jurisdiction, Arbitration Procedure, Arbitration Rules, Brazil Arbitration, Court of Arbitration, ICC Arbitration

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  • Vienna International Arbitration Centre (VIAC)

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