On October 18, 2023, the US Office of Foreign Assets Control (OFAC) issued General License 44 broadly permitting US and non-US persons to deal with Venezuelan crude and gas. Under the license, US and non-US persons generally can transport Venezuelan crude and gas until April 18, 2024.
This edition of Commercial Disputes Weekly considers an arbitration award obtained by fraud, the appropriate forum for a claim of forced labour in Malaysia and two decisions involving attempts to resist enforcement of security for financing.
The recently signed upgrade to the ASEAN-Australia-New Zealand free trade agreement brings important changes for investors and sets up a work programme to review the agreement’s investor-state dispute settlement mechanism.
It discusses a recent judgment regarding two arbitration awards issued in 2013, ordering a P&I Club to pay damages to France and Spain relating to the pollution caused by the MT Prestige oil spill in 2002.
Back from a break, this edition of Commercial Disputes Weekly looks at decisions on sanctions, the ongoing M/T Prestige saga and the grant of anti-suit injunctions to prevent breach of arbitration agreements.
DIFC Court follows English law principles for purging contempt.
The obligation to disclose companies’ beneficial owner is now in force.
Read the 129th edition of our weekly update on Italian labour law.
The article summarises the major changes in and key takeaways of Circular 06 and Circular 10 issued by the State Bank of Vietnam.
In this article, our Dubai Dispute Resolution team looks at the recent amendments to the UAE’s Federal Arbitration Law and their potential practical implications.
