Successfully advised an overseas contractor in connection with a US$700 million international arbitration arising from a large LNG project. Our client advanced a claim for payment of the outstanding balance of the contract price. The respondents counterclaimed for the cost of rectifying certain alleged defects. The arbitration gave rise to complex issues of contractual interpretation, including the scope of warranties regarding fitness for purpose and complex factual issues as to causation and loss. The arbitration was governed by the ICC rules and seated in Singapore. The arbitral tribunal is a panel of three pre-eminent UK-based arbitrators. Corrs’ client was entirely successful in an award handed down in March 2019.
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