Arbitral Digest

Matter

FG Hemisphere Associates LLC v Democratic Republic of Congo

  1. 1 November 2010Australia

    1 November 2010Australia

    Judgment of the Supreme Court of New South Wales in the case SC 2009/298610 dated 1 November 2010

    Supreme Court of New South Wales

    Case no.
    SC 2009/298610
    Citation
    FG Hemisphere Associates LLC v Democratic Republic of Congo [2010] NSWSC 1394
    Decision summary
    The Supreme Court of New South Wales recognized and enforced two ICC foreign arbitral awards as judgments against the Democratic Republic of Congo and Societe Nationale d'Electricite in favour of FG Hemisphere Associates LLC, including the stated principal sums, interest, arbitration expenses and indemnity costs.

    Supporting details

    2 authorities · 7 participants
    FG Hemisphere Associates LLC
    Representative
    A.S. Bell SC (For: FG Hemisphere Associates LLC)
    Representative
    Gilbert and Tobin (For: FG Hemisphere Associates LLC)
    Democratic Republic of Congo
    Societe Nationale d'Electricite
    Supreme Court of New South Wales
    Other

    Authorities cited

    2
    • International Arbitration Act 1974 (Cth)
      statute
    • Convention on the Recognition and Enforcement of Foreign Arbitral Awards (1958)
      treaty
  2. Date not availableArbitration

    Date not availableArbitration

    First Arbitral Award

    International Court of Arbitration of the International Chamber of Commerce

    Decision summary
    The award held the Democratic Republic of Congo and Societe Nationale d'Electricite jointly and severally liable to pay Energoinvest DD US$11,725,844.96, with specified interest and arbitration expenses.

    Supporting details

    3 participants
    Energoinvest DD
    Democratic Republic of Congo
    Societe Nationale d'Electricite
    International Court of Arbitration of the International Chamber of Commerce
  3. Date not availableArbitration

    Date not availableArbitration

    Second Arbitral Award

    International Court of Arbitration of the International Chamber of Commerce

    Decision summary
    The award held the Democratic Republic of Congo and Societe Nationale d'Electricite jointly and severally liable to pay Energoinvest DD US$18,430,555.47, with specified interest and arbitration expenses.

    Supporting details

    3 participants
    Energoinvest DD
    Democratic Republic of Congo
    Societe Nationale d'Electricite
    International Court of Arbitration of the International Chamber of Commerce

Matter record

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FG Hemisphere Associates LLC v Democratic Republic of Congo · Matter