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A JV dispute in the Petroleum industry

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 to recover losses and interest for a breach of a JV agreement over the development of a strategic oil field in West Siberia (Russia).