April 2024 – Wasel & Wasel

Dubai Appeals Court Upholds Compensatory Damages for Cryptocurrency Embezzlement

Brief In Dubai Appeals Court appeal no. 27/2024, the appeals court upheld a decision awarding punitive damages in a case of cryptocurrency embezzlement. The case highlights the judiciary’s stance on financial crimes in the digital currency space, detailing the interaction between criminal and civil liabilities. Facts The plaintiff initiated a lawsuit claiming the defendant embezzled […]

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Ontario Court of Appeal Clarifies the Bounds of ‘Constructive Fraud’ in Arbitration Awards

Toronto / Mahmoud Abuwasel

Brief The Ontario Court of Appeal’s decision in Campbell v. Toronto Standard Condominium Corporation No. 2600, 2024 ONCA 218 critically examines the conceptual boundaries of “fraud” within the ambit of the Arbitration Act, 1991. At the heart of this deliberation is whether “constructive fraud” falls under the legislative framework’s definition of “fraud,” particularly in sections

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NSW Supreme Court Enforces Arbitration Despite Waived Preconditions in Icon SI v. ANSTO

Melbourne / Mahmoud Abuwasel

Brief In the pivotal case of Icon Si (Aust) Pty Ltd v Australian Nuclear Science and Technology Organisation [2024] NSWSC 324, the Supreme Court of New South Wales rendered a decision that emphatically underscores the judiciary’s commitment to enforcing arbitration clauses within commercial contracts. The case arose from a dispute concerning a construction contract for

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