Arbitral Digest

Matter

Investcom Global Limited v PLC Investments Limited (ICC arbitration)

Seat
Canada
Applicable rules
ICC Rules of Arbitration
  1. 1 August 2024Canada

    1 August 2024Canada

    ICC Court Decision dated 1 August 2024

    International Chamber of Commerce

    Decision summary
    The ICC Court decided that the arbitration would proceed against Respondents 1 to 5 but not Respondents 6 to 9, and fixed Toronto, Canada as the place and seat of the arbitration.

    Supporting details

    8 participants
    Investcom Global Limited
    PLC Investments Limited
    Lonestar Communications Corporation
    Lonestar Cell MTN Mobile Money Inc.
    Benoni Urey
    Emanuel Shaw II
    International Chamber of Commerce
    Institutional administrator
    International Chamber of Commerce

    2 months and 2 days later · 63 days

  2. 3 October 2024United Kingdom

    3 October 2024United Kingdom

    Judgment of the High Court of Justice in the case CL-2024-000405 dated 3 October 2024

    High Court of Justice, Commercial Court

    Case no.
    CL-2024-000405
    Citation
    [2024] EWHC 2505 (Comm)
    Decision summary
    The court held that it had no jurisdiction to maintain relief concerning the Second Liberian Proceedings and ordered the corresponding parts of the Foxton Order to be discharged. It held that relief concerning the Third Liberian Proceedings continued to serve a proper purpose and should remain in force pending trial. The court found no good arguable case that the arbitration was or would be seated in London, accepted that the ICC Court had fixed Toronto as the seat, and held that the tribunal could not reasonably be expected to overturn that determination.

    Supporting details

    19 authorities · 11 participants
    Investcom Global Limited
    Representative
    Stephen Houseman KC (For: Investcom Global Limited)
    Representative
    Matthieu Gregoire (For: Investcom Global Limited)
    Representative
    Skadden, Arps, Slate, Meagher & Flom (UK) LLP (For: Investcom Global Limited)
    PLC Investments Limited
    Representative
    Edward Levey KC (For: PLC Investments Limited · Benoni Urey · Emanuel Shaw II)
    Representative
    Laurie Brock (For: PLC Investments Limited · Benoni Urey · Emanuel Shaw II)
    Representative
    Bryan Cave Leighton Paisner LLP (For: PLC Investments Limited · Benoni Urey · Emanuel Shaw II)
    Benoni Urey
    Representative
    Edward Levey KC (For: PLC Investments Limited · Benoni Urey · Emanuel Shaw II)
    Representative
    Laurie Brock (For: PLC Investments Limited · Benoni Urey · Emanuel Shaw II)
    Representative
    Bryan Cave Leighton Paisner LLP (For: PLC Investments Limited · Benoni Urey · Emanuel Shaw II)
    Emanuel Shaw II
    Representative
    Edward Levey KC (For: PLC Investments Limited · Benoni Urey · Emanuel Shaw II)
    Representative
    Laurie Brock (For: PLC Investments Limited · Benoni Urey · Emanuel Shaw II)
    Representative
    Bryan Cave Leighton Paisner LLP (For: PLC Investments Limited · Benoni Urey · Emanuel Shaw II)
    High Court of Justice, Commercial Court

    Authorities cited

    19
    • Senior Courts Act 1981 of the United Kingdom
      statute
    • Arbitration Act 1996 of the United Kingdom
      statute
    • Liberian Civil Procedure Law
      statute
    • Liberian Mobile Money Regulations 2014
      statute
    • Castanho v Brown & Root (UK) Ltd ([1981] A.C. 557)
      case law
    • Aggeliki Charis Compania Maritima SA v Pagnan SpA (The Angelic Grace) ([1995] 1 Lloyd's Rep. 87)
      case law
    • Transfield Shipping Inc v Chiping Xinfa Huayu Alumina Co Ltd ([2009] EWHC 3629 (Comm))
      case law
    • Joint Stock Asset Management Company Ingosstrakh Investments v BNP Paribas SA ([2012] EWCA Civ 644)
      case law
    • Fourie v Le Roux ([2007] UKHL 1)
      case law
    • AES Ust-Kamenogorsk Hydropower Plant ([2013] UKSC 35)
      case law
    • C v D ([2007] EWCA Civ 1282)
      case law
    • Brownlie v Four Seasons Holdings Inc ([2017] UKSC 80)
      case law
    • Goldman Sachs International v Novo Banco SA ([2018] UKSC 34)
      case law
    • Kaefer Aislamientos SA de CV v AMS Drilling Mexico SA de CV ([2019] 1 WLR 3514)
      case law
    • Minister of Finance (Incorporated) 1Malaysia Development Berhad v International Petroleum Investment Company Aabar Investments PJS ([2019] EWCA Civ 2080)
      case law
    • Sodzawiczny v Smith (Re Arbitration Claim) ([2024] EWHC 231 (Comm))
      case law
    • Altimo Holdings & Investment Ltd v Kyrgyz Mobil Tel Ltd ([2011] UKPC 7)
      case law
    • American Cyanamid
      case law
    • Process & Industrial Developments Ltd v Federal Republic of Nigeria ([2019] EWHC 2241 (Comm))
      case law

Matter record

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Investcom Global Limited v PLC Investments Limited (ICC arbitration) · Matter