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Arbitrators convicted in Qatar

Three prominent arbitrators have been convicted and sentenced to imprisonment by a court in Qatar in connection with their role on a tribunal that issued an award against a relative of the Qatari royal...

Swiss court upholds treaty award against India

The Swiss Federal Supreme Court has rejected India’s challenge to an UNCITRAL award in favour of Deutsche Telekom – marking the second time it has publicly deliberated over an investment treaty case in...

Indian couple’s claim against Macedonia underway

Nigerian arbitrator Funke Adekoya SAN is presiding over a treaty claim brought against Macedonia by members of a prominent Indian business family who say their mining and quarrying investments were expropriated....

Chinese music company hit with fraud claim ahead of IPO

A Chinese businessman has brought a CIETAC claim alleging he was defrauded and coerced into selling his stake in a music-streaming business that hopes to raise US$1.23 billion in an initial public offering...

Romania faces ECJ action over Micula payout

The European Commission has said it will refer Romania to the European Court of Justice over the state’s failure to recover up to €92 million in illegal state aid allegedly granted to the Micula brothers...

English court to rule on ownership of Kazakh assets

The Commercial Court in London has ruled that it has jurisdiction to decide issues relating to the ownership of US$530 million in funds that were frozen by the Belgian courts in support of a bid to enforce...

India challenges award in gas migration dispute

India has asked the Delhi High Court to set aside an UNCITRAL award rejecting the state’s claims that Indian energy company Reliance Industries and its foreign partners profiteered from gas that the state...

Salvaging from the Achmea wreckage

A conference in Paris looked at the impact of the Court of Justice of the European Union’s judgment in Achmea and its "unintended consequences”, with one speaker saying we can still "save quite a lot from...

Achmea, viewed from Japan

The Investment Treaty Arbitration Committee of the Japan Association of Arbitrators has held its first event in Tokyo in conjunction with the Singapore International Arbitration Centre – including discussion...

Philip Morris and Ukraine settle tax dispute

Tobacco group Philip Morris will not proceed with a threatened investment treaty claim against Ukraine over a US$23 million tax bill, after the parties were able to agree a settlement. Russian language...

Award upheld in battle of banks

A Nigerian "bad bank" has failed in an attempt to set aside an LCIA award won by Qatar National Bank in a dispute over share dividends, after the Commercial Court in London held that the challenge was ...

Peru faces ICSID threat over seized gold

A Dutch asset management company has threatened Peru with an ICSID claim worth more than US$65 million over the destruction of its gold trading business and reputational damage in the wake of an investigation...

Liberian telecoms award revived in Texas

A Texas state court has reinstated an ICDR award in favour of Chinese telecoms company ZTE in a long-running dispute over a project in Liberia, rejecting arguments that it was obtained through fraud. ...

Satellite dispute moves to next phase at ICDR

An ICDR tribunal has awarded more than US$50 million to a British satellite company in a dispute with a US customer over broadband services but that amount may be offset by counterclaims to be decided...

Qatar hospital dispute leads to ICC award

An ICC tribunal has ruled that a Qatari state-backed foundation validly terminated a contract for the construction of a €1.7 billion medical facility in Doha, while ordering it to pay €44 million to the...

Tiffany loses final appeal over Swatch award

The Dutch Supreme Court has upheld a US$450 million award in favour of Swiss watchmaker Swatch against US jeweller Tiffany, five years after it was issued.  The court dismissed the appeal by Tiffany...

Dispute over newspaper headquarters to play out in Milan

The media group behind Italian newspaper Corriere della Sera has brought an arbitration against US private equity group Blackstone as it seeks to reverse the €120 million purchase of its headquarters in...

Tribunal agrees to hear claim against Serbia

In the third ICSID decision relating to Serbia in a month, a tribunal has upheld jurisdiction over what was alleged to be a “round-trip” claim against the state, brought by a Serbian investor via a Cypriot-incorporated...

Singaporean investor’s claim against Mexico underway

An UNCITRAL tribunal is in place to hear a Singaporean marine services provider’s investment treaty claim against Mexico, with ICSID administering the dispute. Former World Bank deputy general counsel...

IBA committee publishes report on ISDS reform

The International Bar Association’s subcommittee on investment treaty arbitration has released a long-awaited report proposing solutions aimed at improving its consistency, efficiency and transparency...

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