A JV DISPUTE IN THE PETROLEUM INDUSTRY

Mar 28, 2018
An SCC arbitral tribunal issued an award in favor of the client in the amount exceeding USD 130 mln.

Mansors acted as co-counsel to the claimant in a Stockholm seated arbitration under the Rules of the Arbitration Institute of the Stockholm Chamber of Commerce.

The dispute arose out of a joint venture project in which the claimant sought recovery of losses and interest for breach of a JV agreement over the development of an oil field in Russia.