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Corporación AIC SA v. Hidroelectrica Santa Rita SA, No. 19-20294-CV (S.D. Fla. Apr. 16, 2020) [click for opinion] Corporación AIC, S.A. (“Petitioner”) and Hidroelectrica Santa Rita, S.A. (“Respondent”) entered into an Engineering, Procurement and Construction Agreement (the “Contract”). Pursuant to the Contract, Respondent engaged Petitioner for the full turnkey design, engineering, procurement, construction, start-up, and commissioning of a hydroelectric power plant on the Icbolay River in Guatemala. The power plant project was not supported by the…

The International Chamber of Commerce (“ICC”) recently published its full statistical report for the year 2019,[1] which revealed a slight increase in the number of arbitration cases registered with the ICC’s International Court of Arbitration in 2019, as compared to 2018. As we have done in previous years,[2] we compare the caseload statistics of various arbitral institutions over the past few years in this article, and we analyze whether the popularity of arbitration continues to…

Baker & McKenzie will be “hosting” the ICDR Y&I online debate on virtual hearings and cybersecurity, on Wednesday, July 24 at 11:00 am ET (5:00 pm CET). The debate teams will square-off on the following topics: Virtual hearings should remain the exception rather than the norm.Arbitral institutions must do more to address cyber-security risks in international arbitration. The debate will be in the style of the very lively Coffeehouse Debate held every year in Vienna…

In Galilea, LLC v. AGCS Marine Ins. Co., No. 19-CV-05768 (VEC) (S.D.N.Y. Dec. 16, 2019), Petitioners, Galilea, LLC and Christopher Kittler, owners of a 60-foot yacht, sought to vacate an arbitration award entered in favor of Respondents/Cross-Petitioners, AGCS Marine Insurance Company, Liberty Mutual Insurance Company, and Starstone National Insurance Company. The arbitration was the result of the grounding of Petitioners’ yacht in Panamanian waters. After Respondents denied Petitioners’ request for insurance coverage, Respondents initiated an…