Summary

This was an application by the claimant, Vietnam National Industry - Energy Group ("PVN", formerly known as Vietnam Oil and Gas Group), for an injunction to restrain the defendant, Joint Stock Company (Power Machines - ZTL, LMZ, Electrosila Energomachexport) ("PM"), from commencing and/or continuing any proceedings worldwide to enforce an arbitral award pending the conclusion of court proceedings in Singapore to set aside the leave granted to enforce the award and to set aside the award itself.

I dismissed the application for the reasons set out below.

SIAC Arbitration No 274 of 2019 (the "Arbitration"), PM obtained a final award (the "Final Award") in its favour against PVN. On 2 February 2024, PM filed an application with the Moscow City Arbitrazh Court (the "Moscow Court") for recognition and enforcement of the Final Award.

Arbitration -- Enforcement -- Singapore award -- Whether injunction should be granted restraining enforcement of award worldwide pending Singapore proceedings