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Core Lithium Ltd acquires right to more than 30 lithium pegmatite targets adjacent to flagship Finniss Lithium Project
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In a rare successful challenge to an arbitration award under section 68 of the Arbitration Act 1996, the Commercial Court remitted parts of an award for reconsideration by the tribunal.
1 The Court found that a computational error in the award - which had been admitted by the tribunal - amounted to a serious irregularity which caused or would cause substantial injustice to the applicant.
Background
The case arose out of a dispute between two Russian individuals: Mr Bogatikov, owner of Doglemor Trade Limited (
Doglemor ), the ultimate holding company of a Russian logistics and haulage business called the Business Lines Group (collectively referred to in the judgment as the