Pensbury Attorneys & Solicitors’ Post

Such pricey international litigation by Governments of Pakistan bleed you and I, the taxpayers in $ denominated legal fees and simultaneously also further increase the country's risk premium which makes future foreign loans, investment more expensive still. Pakistan's zombie power sector needs serious long term reforms over short term Zulfiqar Bhutto's most harmful nationalisation like populism. Transform how local Pakistanis save, invest to raise financing locally. Instead of a nation who parks capital in gold bars, Vigos et al. make documented, regulated liquid assets like PSX, mutual funds super easy to access and more attractive. We need to tackle the very root of distribution/dispatch losses and other such major issues instead of merely doing easier privatisation of select DISCOs like we did with K-Electric. Government as single, sole buyer of electricity model is not allowing us to harness a resource like Thar Coal electricity efficiently for say manufacturing.

Star Hydro Power Limited secured a landmark victory in its tariff dispute with NTDC through LCIA arbitration proceedings. RIAA Barker Gillette Global Alliance played a key role as Pakistan law counsel in this significant win for foreign investors in Pakistan's power sector. Read more about this significant decision upholding the sanctity of contracts in the face of regulatory challenges: https://buff.ly/3ZBmrkt Our team was led by Pakistan Partner Nadir Altaf and assisted by Associate Fahim Khan. #energydisputes #internationalarbitration #commercialarbitration

A Must Have for Every Maritime Professional💡 Nigerian Ports Law and Practice by Dr. Emeka Akabogu is a groundbreaking and comprehensive examination of the web of legal concepts incidental to ports operations Nigeria. With cross-cutting analyses of regulation, services, practices and procedures, the book provides a functional guide for anyone concerned with the legal nuances, contractual highlights and statutory bases for dealings at the ports. It offers actionable guidance on liability for loss or damage, compliance requirements, legal relationships of key port parties, port charges and concessions. It also covers wrecks, port formalities, standard operating procedures, security and marine environmental regulation. As a legal practitioner, port operator, policymaker, and/or student, this book is an invaluable tool for understanding the statutory frameworks and contractual nuances governing Nigerian ports. 📌 Order your copy today👇🏼 [ https://lnkd.in/dmJhw-Gi ] #PortsLaw #MaritimeIndustry #ShippingLaw #NigeriaPorts #LegalGuide #Compliance #MarineRegulation #PortsManagement #DrEmekaAkabogu #AkaboguAssociates

Analysis of Decrees 158 and 159 of July 21, 1987: Legal Framework for Foreign Companies in the Hydrocarbon Sector in Algeria

🔍 Can a debtor avoid enforcement by claiming property was held on trust for a third party? Emile Yusupoff of 36 Stone explores a significant judgment in the case of Crescent Gas Corporation Limited v National Iranian Oil Company in our latest article: "A Failed Attempt to Avoid Enforcement: the Application of S.423 of the Insolvency Act 1986." ⚖️ Here’s what you'll learn: The Case Overview 🏠 Understand the background and main arguments in a landmark case involving a gas purchase contract and a disputed property transfer. Court’s Judgment 📜 Learn how the court ruled on the application of s.423 of the Insolvency Act 1986 and s.53(1)(b) of the Law of Property Act 1925. Key Legal Insights 🏛️ Discover the distinctions between legal and beneficial ownership under Iranian and English law. Lessons for Future Cases 📚 Gain insights into the importance of complying with formalities and a clear understanding of historic transactions. Read the full article via #DailyJus 🔗 https://lnkd.in/eBcZwhbR ✒ If you are interested in collaborating with London London VYAP - London Very Young Arbitration Practitioners publishing under our 𝗲𝘅𝗰𝗹𝘂𝘀𝗶𝘃𝗲 𝗽𝗮𝗿𝘁𝗻𝗲𝗿𝘀𝗵𝗶𝗽, get in touch and submit your proposal to 📧 londonvyap@gmail.com.

Dive into our latest article on The Bosphorus Online for expert insights on maritime regulations. Ulgener LC/LO is your compass in the legal seas. #MaritimeLaw #LegalQuotes #ShippingIndustry #UlgenerLCLLO

Alternative Dispute Resolution (ADR) has been the best legal route for settling disputes without rancour. The machinery of Negotiation, Arbitration and Conciliation makes it cost-effective and result-oriented. Unfortunately, we have not deemed it fit to explore this available means of settling disputes in Nigeria.

In a recent ruling, a UK High Court decisively rejected the enforcement of a multi-million-pound arbitration award, characterizing it as a '𝗳𝗮𝗯𝗿𝗶𝗰𝗮𝘁𝗶𝗼𝗻.' The case of 𝘾𝙤𝙣𝙩𝙖𝙭 𝙋𝙖𝙧𝙩𝙣𝙚𝙧𝙨 𝙄𝙣𝙘 𝘽𝙑𝙄 𝙫. 𝙆𝙪𝙬𝙖𝙞𝙩 𝙁𝙞𝙣𝙖𝙣𝙘𝙚 𝙃𝙤𝙪𝙨𝙚 (𝙆𝙁𝙃-𝙆𝙪𝙬𝙖𝙞𝙩) & 𝙊𝙧𝙨 revolves around a court order granting Contax BVI, characterized as an oil and gas company, permission to execute a Kuwaiti arbitration award of more than £70 Million. The Defendants not only contested the validity of the enforcement order but vehemently argued that a legitimate arbitration never transpired. The Court while concurring with the Defendants also observed that substantial portions of the award were copied from the judgment in the case of Manoukian v. Société Générale de Banque au Liban SAL. The Court further highlighted compelling reasons to believe that the award itself is a fabrication including discrepancies in language, non-compliance with the Kuwaiti Law, and inconsistencies regarding individuals purportedly involved in the arbitration process, as revealed by the Defendants' evidence. The uncanny similarities raised suspicions of a meticulously crafted fabrication, prompting the Court to call for a thorough investigation into the intricacies of the case. #unitedkingdom #uk #highcourt #arbitration #investmentarbitration #internationalarbitration #award #kuwait #internationalnews #update

Republic of Mozambique (acting through its Attorney General) (Appellant) v Privinvest Shipbuilding SAL (Holding) and others (Respondents) [2023] UKSC 32 https://lnkd.in/dd4CWy5Q   A recent judgment of the Supreme Court casting light on the interpretation of an arbitration agreement to decide whether a dispute involving several contractual and non-contractual claims and defences must be entirely referred to arbitration under an arbitration clause contained in a contract. The Supreme Court unanimously answered in the negative and refused to stay proceedings under Section 9 of the Arbitration Act 1996 in respect of certain claims. In ascertaining the scope of an arbitration agreement, the court shall have regard to what rational businesspeople would contemplate. #arbitration #disputeresolution #litigation hi.lex & RaffaelliSegreti

⚖️ Today P&ID, the small offshore company that tried to use arbitration proceedings to extort over $11 billion from Nigeria, was unsuccessful in its appeal on the costs it was ordered to pay by a London court late last year. 🔗 https://lnkd.in/ezUgx-Q4 👉 P&ID was ordered to pay 100% of Nigeria’s legal fees after findings of bribery and abuse of the London-based arbitral process over a failed gas project. The amounts are eye-watering, with an interim payment of £20 million due from a total as of December 2023 of almost £43 million. 🗣 P&ID argued that costs should be ordered in 🇳🇬 Nigerian naira rather than 🇬🇧 sterling, which on its own calculation would save about £15 million on its interim payment and almost £31 million on the total.  👨⚖️ But the court accepted Nigeria’s “straightforward submission” that legal bills were invoiced and paid in sterling, so costs should be ordered in sterling, and found it “entirely inappropriate” to dig into the mechanics of Nigeria’s legal payments at the request of P&ID.  🔚 This could mark the end of the mammoth battle between P&ID and Nigeria in the UK courts since 2018. Nigeria's claim has exposed the risk that the secrecy of arbitration is abused by bad actors wanting to conceal fraud and corruption from public scrutiny. #arbitration #bribery #corruption