Bhushan Satish

International Arbitrations

• Representing a port concessionaire in a London-seated ad-hoc arbitration against a State in West Africa, where the sums in controversy exceed US$700 million.
• Successfully represented a consulting firm against a State ministry in a dispute relating to alleged mishandling of government secrets and involving emergency proceedings (Seoul; Korean law). Awarded full costs at the emergency stage.
• Successfully defended a publicly listed bank as respondent in a US$1.5 billion post-M&A arbitration initiated by a PE fund arising from acquisition of a banking assets and implicating a parallel ICSID arbitration against Korea (Singapore; Korean law). Awarded full costs.
• Successfully represented a Korean EPC company in claims arising relating to a supply of prefabricated steel for construction of an iconic Australian infrastructure project (Singapore; Australian law). Awarded 75% costs.
• Advised an Asian energy major in disputes implicating a suite of concession agreements connected to a failed power project in Southern Africa implicating more than US$1.2 billion in claims (London; English law). Dispute settled after issuing a notice of dispute.
• Successfully represented an Asian infrastructure client in an ICC arbitration against its JV partner arising from construction of an offshore oil and gas platform in Southern Africa (London; English law). Dispute settled on favorable terms immediately after issuing a request for arbitration.
• Successfully represented a sport company in multiple, connected disputes arising from a master franchise agreement under the ICDR-AAA Rules (San Francisco; U.S. law). Settled on mutually favorable terms.
• Successfully represented a pair of EPC contractors in a dispute arising from concession agreements for construction of a roadways project in Southeast Asia (ICC; Singapore).
• Represented a media company in an LCIA arbitration arising from a sub-licensing arrangement for broadcasting rights in South Asia of a sporting event.
• Advised a State-owned energy major in potential investment treaty claims arising from cancelation of coal exploration and mining licenses in Australia. Settled.
• Advised an Indian investor in an investment dispute with a South Asian State concerning establishment of a power plant and allocation of natural gas for its operation. Claim valued in excess of US$200 million.
• Advised respondent in (i) Cairn Energy PLC and Cairn UK Holdings Limited v. The Republic of India, PCA Case No. 2016-07, and (ii) Vedanta Resources plc v. The Republic of India, PCA Case No. 2016-05.
• Represented claimants in Mason Capital L.P. and Mason Management LLC v. Korea, PCA Case No. 2018-55.
• Represented EPC contractor in an investment treaty dispute against a North African State concerning the construction of public utilities in claims connected with events arising from the Arab Spring (UNCITRAL, The Hague).
• Represented claimant in Ansung Housing Co., Ltd. v. People's Republic of China, ICSID Case No. ARB/14/25.
• Represented a real estate developer against a Chinese municipal government in HKIAC claims arising from a concession to develop golfing facilities (Hong Kong; Chinese law). Settled.

Litigations

• Representing an aerospace company in global enforcement proceedings connected to a US$1.4 billion arbitral award.
• Advised a New York short seller in a cross-border investigation by market regulators and in potential claims arising from trades made on a listed company in South Asia, where the underlying research report prepared by a third party resulted in a decline of the company’s stock value publicly estimated to be over US$150 billion.
• Advised UK- and U.S.-domiciled clients in a transnational dispute over ownership of certain Kazakh-based assets in the banking and education space. The dispute variously involved claims before U.S. federal courts, the UK High Court, and a London-seated LCIA arbitration of a shareholders’ dispute.
• Successfully dismissed claims against a New York hedge fund in a putative securities class action lawsuit seeking upwards of US$2.2 billion in damages filed before the Southern District of Ohio involving an AI-lending platform matching banks and credit unions to consumers seeking loans.
• Represented a major U.S. insurance carrier in defending against very high-value coverage claims arising from opioid-related MDL litigation against a major pharmaceutical distributor in multiple state court claims of Ohio and North Carolina. In what was one of very few post-Mallory decisions by a court applying a consent-by-registration statute, Bhushan was part of the team that successfully convinced the North Carolina Superior Court to dismiss the insured’s attempt at forum shopping.
• Represented an affiliate of a PE fund focused on oil and gas assets in adversary proceedings arising from a royalty dispute implicating coal assets before the United States Bankruptcy Court for the Southern District of West Virginia.
• Represented a major U.S. insurance carrier in adversary proceedings filed in relation to PFFS claims brought against an AFFF manufacturer in the United States Bankruptcy Court for the District of Delaware.
• Represented former directors of a NYSE-listed public bank in securities class action and derivative lawsuits before New York federal and state courts in claims arising from acquisition of a former U.S. bank’s assets.

The above matters were handled prior to joining Sidley.