With the rising number of international disputes over the last few years, companies increasingly rely on strong, reputable and experienced lawyers to handle their most sensitive, high-stakes matters. We are deeply engaged in complex international arbitrations, both as counsel for parties to a dispute and as appointed arbitrators.
Yesterday, the Supreme Court released the latest in a line of cases strongly enforcing contractual arbitration provisions. In DIRECTV, Inc. v. Imburgia, No. 14-462 (U.S. Dec. 14, 2015), the Court held that an arbitration provision stating that it did not apply if unenforceable under the "law of [the customer's] state" could not be interpreted to encompass subsequently invalidated state law.
Paul, Weiss achieved a victory for Citigroup when the Second Circuit United States Court of Appeals affirmed a judgment confirming an arbitral award in favor of Citigroup issued by the American Arbitration Association's International Centre for Dispute Resolution (ICDR).
Paul, Weiss secured another major victory for Citigroup Inc. against the Abu Dhabi Investment Authority (ADIA). In 2009, ADIA commenced an arbitration in the International Centre for Dispute Resolution, claiming that Citigroup had fraudulently induced ADIA to invest $7.5 billion in the bank. ADIA sought rescission of the $7.5 billion investment agreement or, alternatively, more than $4 billion in damages. After a month-long hearing in May 2011, the three-person arbitration panel found for Citigroup on all claims. ADIA then brought a petition to vacate the award in New York State Court.
Paul, Weiss Secures Arbitration Victory for One of the World's Largest Independent Crude Oil and Natural Gas Producers and Its Insurer
Paul, Weiss secured a victory for its clients, a large independent crude oil and natural gas producer and its insurer, in an arbitration against their reinsurer regarding a dispute arising out of damages suffered at an off-shore oil platform.