September 2024 – Wasel & Wasel

War Series: Sports (Basketball) Contracts and War as Force Majeure in Arbitration

The case Jarrell Isaiah Brantley v. Basketball Club Unics (BAT 1813/22) was an international sports arbitration introduced on April 19, 2022 and has since been concluded. The dispute was adjudicated under the Basketball Arbitral Tribunal (BAT), using the BAT Arbitration Rules 2022, with the seat of arbitration in Geneva. The claimant, Jarrell Isaiah Brantley, […]

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Bitcoin Loans Upheld by the British Columbia Supreme Court

Toronto / Mahmoud Abuwasel

The recent judgment in Nguyen v. Tambosso (2024 BCSC 1551) is significant for its recognition of loans made in cryptocurrency, specifically Bitcoin, under standard legal principles of contract law. The Supreme Court of British Columbia unequivocally held that loans denominated in Bitcoin are enforceable and treated in the same manner as loans involving traditional forms

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When Iran Sued NASA: A Lesson in Earnest Money and Space Launch Transactions

Washington D.C. / Mahmoud Abuwasel

Few cases stand out as starkly as the Telecommunication Company of Iran (TCI) v. NASA. The case, heard by the Iran-US Claims Tribunal (IUSCT) in 1984 dealt with the often misunderstood concept of “earnest money” within the context of space launch negotiations. The case highlights the critical importance of understanding contractual obligations and the risks inherent

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Supreme Court of Western Australia on the Limits of Expert Determination vs. Arbitration

Melbourne / Mahmoud Abuwasel

The judgment in Silverstream SEZC v Titan Minerals Ltd from the Supreme Court of Western Australia shines a light on a vital and often misunderstood aspect of dispute resolution—the interaction between expert determination and arbitration. The case pivots around the refusal of a stay of proceedings sought by Titan Minerals Ltd (“Titan”), based on a

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