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The 2023 SIAC Draft Rules: Raising the Bar for Efficiency

Kluwer Arbitration

b) proposes raising the monetary threshold for Expedited Procedure from SGD 6,000,000 to SGD 10,000,000, positioning SIAC as the institution with the most substantial threshold amount in place for Expedited Procedure. The procedure has seen substantial interest from users, with 56 applications filed since 2016. Draft Rule 14.1(b)

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Pakistani Energy Sector Parties Challenge Arbitration Awards in the English High Court on the Grounds of ‘Serious Irregularity’

Kluwer Arbitration

The underlying dispute concerned unpaid invoices under a Gas Supply Agreement (‘ GSA ’) entered into by the Parties in 2016 for the purchase of Regasified Liquefied Natural Gas (‘ RLNG ’) from Sui Northern Gas Pipelines (‘ SNGPL ’). The LCIA arbitral award (the ‘ Award ’) which was challenged involved a withdrawal of PKR 3.3 8.5m) and PKR 9.23

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2023 Copenhagen Arbitration Day Recap: The Future of Arbitration

Kluwer Arbitration

She also highlighted the high threshold in Denmark to set aside an award based on an arbitral tribunal’s action, especially if such action is covered by the national law, institutional rules and/or procedural orders. This 2022 Supreme Court judgment followed the leading Supreme Court judgment from 2016 (U.2016.1558/2H),

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Red Eagle v. Colombia: Colombia’s Decisions to Protect Páramos Do Not Constitute a Violation of the Minimum Standard of Treatment vis-à-vis an Investor with No Vested Right

Kluwer Arbitration

Such provision was declared unconstitutional in Judgment C-035 of 2016 because it authorized mining activities in projects with pre-acquired environmental licenses in páramo areas. In June 2015, Colombia enacted Law 1753 , ratifying the mining ban in páramos , but reviving a grandfathering provision alike Law 1382.

Balance 52
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Red Eagle v. Colombia: Colombia’s Decisions to Protect Páramos Do Not Constitute a Violation of the Minimum Standard of Treatment vis-à-vis an Investor with No Vested Right

Kluwer Arbitration

Such provision was declared unconstitutional in Judgment C-035 of 2016 because it authorized mining activities in projects with pre-acquired environmental licenses in páramo areas. In June 2015, Colombia enacted Law 1753 , ratifying the mining ban in páramos , but reviving a grandfathering provision alike Law 1382.

Balance 52
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Arbitration Agreements and Insolvency Proceedings: Comparing the Pro-Arbitration Perspectives in Singapore, the United Kingdom, and India, and Calling for International Consensus

Kluwer Arbitration

Legal Position in India General Scheme of India’s Insolvency Regime The law relating to the Corporate Insolvency Resolution Process (“ CIRP ”) in India is codified in the Insolvency and Bankruptcy Code, 2016 (“ IBC ”), which distinguishes between financial creditors and operational creditors. 14) Vidarbha Industries Power Ltd. Axis Bank Ltd.

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Unearthing Cryptic Agreements and Cryptocurrency: An Analysis of Beltran v. Terraform Labs

Kluwer Arbitration

Additionally, while applications relating to the propriety of proceedings at the threshold may seem to involve the court’s powers, they do not, in certain contexts, contradict a jurisdictional challenge. For example, a striking-out application, as demonstrated in Maniach Pte Ltd v. Securities and Exchange Commission.