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Guinea settles mining bribery case

BSG Resources, the Guernsey mining company founded by Israeli billionaire Beny Steinmetz, has reportedly agreed a settlement with Guinea to end a US$5 billion ICSID claim over iron ore mining rights that...

Guinea settles multibillion mining dispute

BSG Resources, the Guernsey mining company linked to Israeli billionaire Beny Steinmetz, has reportedly agreed a settlement with Guinea to end a US$5 billion ICSID claim over iron ore mining rights that...

Quarry investors denied lost profits in NAFTA claim

A NAFTA tribunal has dismissed the bulk of a US$443 million damages claim against Canada brought by a group of US investors whose bid to build a controversial quarry and marine terminal in the province...

Swedish court upholds intra-EU BIT award

The Svea Court of Appeal has largely upheld a pair of SCC awards worth €176 million in favour of a Luxembourgish entity against Poland, ruling that the state had left it too late to raise objections based...

Austrian businessman takes on Tajikistan

UPDATED: An Austrian cotton investor has filed a claim against Tajikistan at ICSID after a state-owned bank refused to comply with a US$20 million commercial arbitration award. Alois Schönberger’s claim...

Chinese hospital dispute leads to SIAC award

A Singaporean subsidiary of Indonesia’s Lippo Group has obtained a freezing order from the Hong Kong courts as it seeks to enforce a SIAC award worth US$42 million plus interest arising from a dispute...

Austrian businessman takes on Tajikistan

UPDATED: An Austrian cotton investor has filed a claim against Tajikistan at ICSID after a state-owned bank refused to comply with a US$20 million commercial arbitration award. Alois Schönberger’s claim...

Ukraine faces treaty claim over gambling ban

An Estonian company is pursuing a €40 million treaty claim against Ukraine at the Permanent Court of Arbitration, alleging that a decade-old gambling ban resulted in the collapse of its casino business....

White & Case defeats Yukos discovery bid

The former majority shareholders in Yukos Oil Company have failed in their renewed bid to subpoena White & Case and its chairman Hugh Verrier for evidence in support of efforts to reinstate arbitral awards...

Smartphone maker waived right to arbitrate, US court finds

A Texas court has denied a motion by Taiwanese smartphone maker HTC to compel arbitration of counterclaims brought by Sweden’s Ericsson in pending litigation between the two companies over the licensing...

Pharma fraud award upheld but minors spared liability

The Singapore High Court has upheld a US$530 million ICC award that held Indian brothers Malvinder and Shivinder Mohan Singh and their companies liable for fraud over the sale of a pharmaceutical business...

Brazilian airline denied enforcement in Cayman Islands

The Grand Court of the Cayman Islands has refused to enforce a US$55 million ICC award issued a decade ago in favour of a Brazilian airline, finding that two private equity funds that were held liable...

SCC joins Turkmenistan to potash plant dispute

The SCC board has granted a request to join Turkmenistan as an additional party to an arbitration commenced by a state organ over the construction of a billion-dollar potash fertiliser plant. The board...

Challenges to enforcement of foreign awards: recent cases from Indonesia

Andi Kadir and Bernard Sihombing of HHP Law Firm (Baker McKenzie in Jakarta) consider recent trends in challenges to the enforcement of foreign arbitral awards in Indonesia. Since the Indonesian Supreme...

PCA hears Swiss investor's claim against Kuwait

A Swiss entity’s investment treaty claim against Kuwait is underway before a tribunal at the Permanent Court of Arbitration in The Hague. Conseil Economique Des Pays Musulmans (Economic Council of Muslim...

Egyptian state entity faces ICSID claim

A UK energy company has threatened to bring an ICSID claim against an Egyptian state-owned entity if it fails to pay its debts under various gas sales agreements. Petroceltic announced in a press release...

European Parliament approves EU-Singapore trade deal

The European Parliament has voted to approve free trade and investment protection agreements between the EU and Singapore, including provisions for an “investment court system” that the European Commission...

Another ICSID creditor eyes PDVSA assets

A Dutch subsidiary of US bottlemaker Owen-Illinois has become the latest of Venezuela’s arbitral creditors to target the US assets of the state’s national oil and gas company PDVSA, in a bid to collect...

Russia held liable again over Crimean assets

A tribunal seated in The Hague has found Russia liable in a billion-dollar claim over the seizure of banking operations in Crimea, as well as in a separate case over an airport linked to Ukrainian businessman...

Counsel in place for new Crimea claim

A Ukrainian state-owned electricity company has instructed external counsel for a much-trailed investment treaty claim against Russia over assets expropriated following the annexation of Crimea five years...

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