In C v D [2016] EWHC 1893 (Comm), the English Commercial Court rejected an application to set aside a London Court of International Arbitration (LCIA) award. The claimants applications were made under sections 33, 67 and 68 of Arbitration Act 1996, which the court dismissed finding them to be totally without merit.

The Gold Reserve enforcement saga against Venezuela has come to an end as Gold Reserve announced on 8 August 2016 that the parties had agreed Venezuela would pay it US$770 million owed under an ICSID award issued in 2014. The amount will be paid in two tranches with the debt being closed off by the end of the year and the multijurisdictional enforcement proceedings will be suspended pending payment.

The UNCITRAL Secretariat has published a new Guide on the New York Convention, providing an objective analysis of the judicial application of the Convention by reference to case law from over 45 countries.