This article explores the decision in Monsolar IQ Limited v Woden Park Limited which concerned the interpretation of rent review provisions in a solar farm lease.
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We have substantial experience representing clients in high value international arbitrations conducted in various institutions across the world, including ADCCAC, DIAC, DIFC-LCIA, HKIAC, ICC, ICSID, LCIA, LMAA, QICCA, SCC and SIAC. We regularly advise on disputes ranging from sector specific matters in front of specialist tribunals through to investment treaty arbitrations. A number of our partners accept appointments as arbitrators.
Each of our offices has expertise in commercial litigation in front of its own national courts, and globally we work together to conduct high value, complex multi-jurisdictional disputes. In addition, we have expertise in competition, regulatory and investigative matters.
We work hard to avoid disputes where possible and regularly advise on alternative dispute resolution, including mediation. We firmly believe that the successful resolution of a dispute need not always involve formal proceedings. Our deep sector understanding and practical, commercial advice means that we consistently secure effective solutions for our clients, co-ordinating across jurisdictions to ensure that we can assist our clients wherever they do business.
In a sign of things to come, in this week’s Commercial Disputes Weekly the first Covid-19 related cases are starting to appear, as well as arguments that any resulting economic downturn would justify an order for security for costs.
The parties have now amicably settled all their disputes, with Jiangsu Guoxin to pay Precious US$40.5m (as announced to the parties’ respective listing authorities).