Virtus Law LLP, the Singapore member of Stephenson Harwood (Singapore) Alliance, has successfully resisted a challenge to an arbitration award which awarded its clients a total sum of US$149 million plus interest. The Award, which had been made under the 1998 Rules of Arbitration of the ICC and issued by a panel of 3 distinguished international arbitrators, unanimously found that Jaguar, the claimants in the arbitration proceedings, were entitled to be paid damages as a result of default under an EPC Contract to build a power generation plant located in Guatemala by the contractor, China Machine New Energy Corporation.
About Phillip Rompotis
Phillip practices as a barrister and arbitrator in Hong Kong. He has over 25 years’ litigation and arbitration experience in commercial disputes relating to construction & engineering, financial services, joint venture & shareholders agreements, technology, trusts, property and landlord & tenant. He is a Fellow of the Chartered Institute of Arbitrators, the Hong Kong Institute of Arbitrators, the Singapore Institute of Arbitrators, the Malaysian Institute of Arbitrators, and a member of various lists/panels of arbitrators.View