This is an international oil sanctions arbitration matter, in which we acted for the Claimant in connection with the Defendant’s failure to pay for delivery of diesel cargoes amounting to US $60 million. This matter started in January 2015 when we obtained a worldwide freezing order from the Commercial Court. Since then, arbitration proceedings have been commenced. The Respondents in the arbitration unsuccessfully challenged the jurisdiction of the arbitrator and the arbitration.
The matter involved multiple jurisdictions USA, Pakistan, Dubai.