SIAC hosted its final event of 2014, an evening talk by Mr Emmanuel Gaillard, a Member of the SIAC Court of Arbitration, and Ms Yas Banifatemi, on 11 December at Maxwell Chambers on the US$50 billion Yukos arbitral award.
Mr Gaillard and Ms Banifatemi, both partners at Shearman & Sterling LLP, act for the majority shareholders of the former Yukos Oil Company and on 18 July 2014, they secured a US$50 billion award for their clients in an arbitration brought against the Russian Federation. This is the largest award ever rendered in the history of arbitration. The claim related to the expropriation of the former shareholders' investment in the Yukos Oil Company, in violation of the Energy Charter Treaty.
The talk was attended by over 90 delegates, the majority being legal practitioners with a smaller percentage being in-house counsel.
SIAC would like to thank Shearman & Sterling for hosting this informative and interesting session.
YSIAC Evening Talk on 19 October 2014 by Ms Indranee Rajah SC, Senior Minister of State, Ministry of Law and Education
On 19 October, YSIAC co-hosted with the Singapore Corporate Counsel Association, Peers Group, a talk by Ms Indranee Rajah SC, Senior Minister of State, Ministry of Law and Education, on Singapore's Legal Industry: a New Generation. Approximately 55 delegates attended this event. Roughly 20% of the delegates were in-house counsel and 60% were lawyers from private practice.
Ms Rajah shared some insights about new developments that the Law Ministry is championing and some fresh opportunities that young legal professionals can expect in the future. Ms Rajah explained ways in which young professionals, trying to define themselves and their legal careers, can carve out a meaningful role in a broader legal environment that continues to evolve and innovate. In her presentation and the question and answer session that followed, Ms Rajah shared some anecdotes from her experience, both in practice and as a politician and a policy maker.
SIAC would like to thank Rodyk & Davidson LLP for hosting this event.
SIAC Roadshow - Tokyo, 16 October 2014
SIAC hosted its final arbitration training video workshop of 2014 on 16 October at the Ark Hills Club in Tokyo. This is the 2nd annual conference that SIAC has held in Tokyo and it saw a good turnout of 125 delegates. Nearly half of the delegates were in-house counsel and over a third were lawyers from local and international law firms.
The workshop was designed to provide a “practical guide to international arbitration”. It combined various clips from the SIAC arbitration training video with panel discussions to demonstrate a typical SIAC commercial arbitration from commencement through to the enforcement stage. There were lively and informative discussions between delegates and panellists during the sessions, on a variety of topics such as the importance of drafting an arbitration clause correctly, the emergency arbitrator special procedure, cross-examination and hot-tubbing, and enforcement of arbitral awards in Asia.
Delegates commented that the seminar gave them an in-depth understanding of the arbitral process and an insight into current issues and hot topics in international arbitration. During the sessions, many questions and comments were raised from the floor, reflecting the delegates' interest in international arbitration and the SIAC arbitration training video.
SIAC would like to thank the Tokyo Bar Association, the Japan Association of Arbitrators, The Japan Chamber of Commerce and Industry and the Japan In House Lawyers Association for supporting this event. We would also like to thank all the speakers for their participation and sponsorship support, including Mr Hiroyuki Tezuka and Mr Alvin Yeo SC, both Members of the SIAC Court of Arbitration, who delivered the opening and closing addresses respectively.