Arbitration Case Note: The Federal Court of Australia again reinforces Australia as an arbitration friendly jurisdiction.
WDR Delaware Corporation v Hydrox Holdings Pty Ltd Background WDR, a wholly owned subsidiary of Lowes, a US-based home improvement company, entered into a joint venture agreement with Woolworths, an Australian-based retail company, to open hardware and home improvement stores in Australia and New Zealand. The joint venture agreement spawned Hydrox Holdings Pty Ltd, a registered Australian company. Woolworths owned two thirds of the shares in Hydrox and Lowes (through WDR) owned the other third. Hydrox has always operated at [...]