2023·International Arbitration
We represented a major energy company in ICC arbitration proceedings arising from the termination of a long-term supply agreement, securing a final award of $420 million in our client's favour.
The dispute arose from the wrongful termination of a 15-year liquefied natural gas supply agreement. The opposing party, a state-owned energy company, argued force majeure and regulatory impossibility. We successfully demonstrated that neither defence was available on the facts, and that the termination was commercially motivated. The tribunal awarded our client $420 million in damages, together with interest and costs. The award was subsequently enforced in three jurisdictions without challenge.
ArbitrationEnergyICCParis Seat