A JV DISPUTE IN THE PETROLEUM INDUSTRY

Mar 28, 2018
A 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 a strategic oil field in Russia.