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Post-M&A dispute heads to Swiss chambers

Swiss energy company Alpiq has brought an arbitration in Switzerland against France’s Bouygues Construction to resolve a purchase price adjustment dispute following the €750 million sale of its engineering...

France-Spain rail saga resumes before four-man panel

A €300 million arbitration over a high-speed rail link between France and Spain is set to resume before a four-member tribunal, after the claimant lost a challenge to an award that had barred it from discontinuing...

France-Spain rail saga resumes before four-man panel

A €300 million arbitration over a high-speed rail link between France and Spain is set to resume before a four-member tribunal, after the claimant lost a challenge to an award that had barred it from discontinuing...

PCA panel in place for Colombia bank claim

UK arbitrator John Beechey has been appointed to chair a US$330 million treaty case brought against Colombia at the Permanent Court of Arbitration by the former owners of a nationalised bank, as a related...

Pakistan tries to reopen corruption defence

Pakistan has asked an ICSID tribunal to revise an US$800 million award in favour of a Turkish energy company in light of what the state says is new evidence to support its arguments that the underlying...

Albania defeats claim over privatisation vouchers

UPDATED WITH LINK TO AWARD: An ICSID tribunal has declined jurisdiction over a claim concerning Albania’s alleged failure to honour vouchers issued during a privatisation programme in the 1990s. In...

Uzbekistan wins stay of funder’s enforcement bid

A US court has agreed to stay an action brought by an affiliate of third-party funder Calunius Capital to enforce a US$13 million treaty award against Uzbekistan until the conclusion of set-aside proceedings...

Deripaska loses LCIA award challenge after “dishonest evidence”

The Commercial Court in London has upheld a US$95 million LCIA award against Russian oligarch Oleg Deripaska after concluding that he provided “dishonest evidence” and offered a large sum of money to a...

Huawei threatens claim against Czech Republic

Embattled Chinese telecoms company Huawei has reportedly threatened the Czech Republic with international arbitration after a state agency warned that its technology poses a threat to cybersecurity. ...

PCA hears claim by Dubai investor in Czech real estate

A Dubai investor’s US$20 million treaty claim against the Czech Republic is underway at the Permanent Court of Arbitration in The Hague, with the UK’s Sir Christopher Greenwood QC presiding over the tribunal....

Disclosure of judges’ records denied in Panama corruption claim

Two ICSID claimants who allege they were victims of judicial corruption in Panama have failed in a bid to compel the state to produce bank statements of justices at its Supreme Court and records of their...

Enforcement of Crimea award upheld in Ukraine

The Ukrainian Supreme Court has enforced an investment treaty award that requires Russia to pay US$159 million to Ukrainian investors in Crimea – while limiting the scope of attachments previously granted...

Malintoppi resigns after challenge over husband’s counsel work

Italian arbitrator Loretta Malintoppi has resigned as chair of an ICSID tribunal hearing a claim against Colombia after being challenged over her husband’s counsel work for the state in a separate dispute....

Egyptian brothers held liable for Eurobond default

Two Egyptian brothers have asked a US court to set aside an ICDR award that held them personally liable to pay US$194 million after their companies defaulted on Eurobonds bought by UBS and several other...

Chinese nationals pursue former boss over solar IPO

Three Chinese former employees of a Cayman-registered solar energy company have applied to a US court to enforce a US$13 million HKIAC award that found they were unfairly deprived of the benefits of an...

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...

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