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Arbitration Weekly: England & Wales s 68 ruling; ADGM interim powers; ICC 30,000th case; Malaysia enforcement routes; France Sulu annulment; UK PACCAR reversal; DIFC digital assets

Published on: 18 December 2025

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Arbitration in England & Wales

Commercial Court rejects AA 1996, s 68 bid on exchange rates and UNCITRAL Article 38 correction application

In Seacrest Group v BCPR PTE [2025] EWHC 3266 (Comm), the Commercial Court (Trower J) refused Seacrest’s challenge under section 68 of the Arbitration Act 1996 (AA 1996) to a final award dated 27 September 2024, made in an arbitration conducted under the UNCITRAL Arbitration Rules 2021. The challenge advanced two grounds: (i) an alleged serious procedural irregularity within AA 1996, s 68(2)(a), said to arise from the tribunal’s failure to engage with Seacrest’s ‘Exchange Rate Issue’ concerning the computation of deferred consideration under an investment agreement; and (ii) a contention that the tribunal’s decision declining Seacrest’s correction request under Article 38 of the UNCITRAL Arbitration Rules 2021 was not an award and therefore had no binding legal effect. Accordingly, the court dismissed both limbs of the application...

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