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Hungary hit with another intra-EU BIT award

An ICSID tribunal has ordered Hungary to pay €73 million plus interest to French food voucher services company Sodexo Pass International after rejecting a submission by the European Commission that the...

Miculas suffer setback in Sweden

A Swedish court has ruled that the Micula brothers cannot enforce their €178 million ICSID award against Romania in light of a decision by the European Commission that payment of the award would violate...

Enjoining treaty arbitrations under Indian law

Promod Nair and Shivani Singhal of Arista Chambers in Bangalore discuss “problematic” aspects of a recent decision by the Delhi High Court that refused to enjoin a bilateral investment treaty arbitration...

Discovery sought in aid of DIS claim

A company owned by the city of Frankfurt has applied to a US court for discovery in support of a potential claim at the German Arbitration Institute, or DIS, arising from German energy company E.ON’s proposed...

Indian court declines to halt treaty claim

The High Court of Delhi has refused to stay a US$1.4 billion treaty claim brought by a Mauritian telecoms investor against India over the cancellation of mobile 2G spectrum licences. In a decision dated...

Arbitrators convicted in Egypt over “sham” award

UPDATED WITH DECISION: An Egyptian criminal court has convicted three arbitrators and two employees of an arbitral institution in Cairo in connection with the issuance of a US$18 billion award against...

Border control company seeks to collect from Maldives

An Australian company has asked a US court to confirm a US$20 million SIAC award against the Maldives relating to an immigration border control system that gave rise to allegations of corruption. Platinum...

Border control company seeks to collect from Maldives

An Australian company has asked a US court to confirm a US$20 million SIAC award against the Maldives relating to an immigration border control system that gave rise to allegations of corruption. Platinum...

Indian power plant dispute settles after asset freeze

An Indian conglomerate has agreed to settle a US$100 million SIAC case over the construction of a power plant after the Korean-owned claimant obtained attachment orders from the courts of New York against...

New phase of “gas wars” begins in Stockholm

A newly formed tribunal at the Stockholm Chamber of Commerce has begun hearing the latest iteration of a multibillion-dollar dispute between Ukraine’s Naftogaz and Russia’s Gazprom over long-term contracts...

Billion-dollar award set aside in Paris

A French court has partially set aside a US$1.3 billion investment treaty award in favour of a Canadian mining company against Venezuela, raising the prospect that damages will have to be considered afresh...

Russia’s Supreme Court reviews practice in wake of ruling on ICC model clause

Russia’s Supreme Court has released its first review of arbitration-related court practice since the new Russian arbitration law came into force in 2016 – recommending in the wake of a controversial court...

Cyprus defeats treaty claim by owners of sanctioned bank

An ICC tribunal has rejected a US$1.4 billion treaty claim against Cyprus brought by the former owners of a bank that was shut down after US authorities declared it was involved in money laundering and...

EU court adviser endorses ISDS in CETA

An advocate general of the Court of Justice of the European Union has advised that the investor-state dispute settlement provisions in the EU-Canada free trade agreement known as CETA are compatible with...

Venezuela defeats treaty claim as crisis deepens

As Venezuela’s president faces growing international pressure to step down, the state has defeated a US$400 million investment treaty claim by UK mining company Anglo American over the alleged expropriation...

Glaxo seeks to block suit by jailed investigators

UK-based GlaxoSmithKline has asked a US court to compel arbitration of damages claims by the owners of a corporate intelligence firm who were convicted by Chinese authorities as part of the fallout from...

Asset hunter wins damages from Pakistan

Pakistan has been ordered to pay around US$22 million to an Isle of Man entity that it hired nearly 20 years ago to trace the assets of the country’s controversial former prime minister Nawaz Sharif –...

ICSID moves to new offices

ICSID is moving to new premises in downtown Washington, DC, where it will offer expanded and modernised hearing facilities – with rooms named after influential figures and landmark cases in the centre’s...

PCA to weigh in on challenge to Vattenfall panel

In a break from recent practice, ICSID has agreed to seek a non-binding opinion from the Permanent Court of Arbitration regarding Germany’s attempt to disqualify the three arbitrators hearing its high-profile...

Verhoosel resigns after ICSID challenge

Three Crowns partner Gaëtan Verhoosel has resigned from an ICSID tribunal hearing a claim against Peru over an airport concession after being challenged by the state. Tribunal chair Lucinda Low of the...

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