Cukurova Holding A.S. v Sonera Holding B.V. (Eastern Caribbean Supreme Court, Court of Appeal, HCVAP 2012/029)

Procedural record

1. 1 September 2011Arbitration

   1 September 2011Arbitration

   ICC Final Award

   International Court of Arbitration of the International Chamber of Commerce

   Decision summary

   The ICC arbitration award ordered Cukurova to pay over US$71 billion.

   Participants

   Cukurova Holding A.S.

   Sonera Holding B.V.

   International Court of Arbitration of the International Chamber of Commerce

   1 month and 23 days later · 53 days

2. 24 October 2011British Virgin Islands

   24 October 2011British Virgin Islands

   Order dated 24 October 2011 granting permission to enter judgment and enforce ICC arbitration award

   Commercial Division, Territory of the Virgin Islands

   Decision summary

   The Commercial Division granted Sonera Holding B.V. permission to enter judgment in the same terms as, and enforce, the ICC arbitral award against Cukurova Holding A.S.

   Participants

   Sonera Holding B.V.

   Cukurova Holding A.S.

   Commercial Division, Territory of the Virgin Islands

   10 months and 26 days later · 331 days

3. 19 September 2012British Virgin Islands

   19 September 2012British Virgin Islands

   Judgment of Bannister J [Ag.] dated 19 September 2012

   Commercial Division, Territory of the Virgin Islands

   Decision summary

   The Commercial Division dismissed Cukurova Holding A.S.'s application to set aside the order granting Sonera Holding B.V. permission to enter judgment and enforce the ICC arbitral award.

   Participants

   Cukurova Holding A.S.

   Sonera Holding B.V.

   Commercial Division, Territory of the Virgin Islands

   Judge

   Bannister J [Ag.]

   2 months and 16 days later · 77 days

4. 5 December 2012British Virgin Islands

   5 December 2012British Virgin Islands

   Decision of the Eastern Caribbean Supreme Court, Court of Appeal, Territory of the Virgin Islands in the case HCVAP 2012/029 dated 5 December 2012

   Eastern Caribbean Supreme Court, Court of Appeal, Territory of the Virgin Islands

   Case no.

   HCVAP 2012/029

   Decision summary

   The Court of Appeal dismissed Sonera Holding B.V.'s application to strike out Cukurova Holding A.S.'s appeal, holding that the judgment refusing to set aside recognition and enforcement of the ICC arbitral award was final and did not require leave to appeal.

   Participants

   Cukurova Holding A.S.

   Representative

   Arabella di Iorio (For: Cukurova Holding A.S.)

   Sonera Holding B.V.

   Representative

   Bankim Thanki (For: Sonera Holding B.V.)

   Representative

   John Carrington (For: Sonera Holding B.V.)

   Representative

   Ben Valentin (For: Sonera Holding B.V.)

   Eastern Caribbean Supreme Court, Court of Appeal, Territory of the Virgin Islands

   Judge

   Davidson Kelvin Baptiste

   Authorities cited

   8

   • West Indies Associated States Supreme Court (Virgin Islands) Act (Cap. 80, Revised Laws of the Virgin Islands 1991)
     statute
   • Dallah Real Estate and Tourism Holding Company v The Ministry of Religious Affairs, Government of Pakistan ([2010] UKSC 46)
     case law
   • Consolidated Contractors International Co SAL v Masri (74 WIR 235)
     case law
   • Pirate Cove Resorts Limited et al v Euphemia Stephens et al (Saint Vincent and the Grenadines High Court Civil Appeal No. 11 of 2002)
     case law
   • TSJ Engineering Consulting Limited v Al-Rushaid Petroleum Investment Company et al (Territory of the Virgin Islands High Court Civil Appeal No. 13 of 2010)
     case law
   • Oliver McDonna v Benjamin Wilson Richardson (Anguilla High Court Civil Appeal No. 3 of 2005)
     case law
   • Nigel Hamilton-Smith et al v Alexander M. Fundora (Antigua and Barbuda High Court Civil Appeal No. 31 of 2010)
     case law
   • Arbitration Act 1976
     statute