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Romanian electricity supplier wins against Swiss energy trader

Romanian state-owned company Hidroelectrica has said that it has defeated a €43 million ad hoc claim by a Swiss energy trader alleging that it failed to comply with an energy supply contract in the face...

“Sham” Cairo award - ICC seeks to intervene

The ICC International Court of Arbitration has asked a US court for permission to file an amicus curiae brief in support of Chevron’s attempts to prevent enforcement of a US$18 billion award that the energy...

ICC seeks intervention over “sham” Cairo award

The ICC International Court of Arbitration has asked a US court for permission to file an amicus curiae brief in support of Chevron’s attempts to prevent enforcement of a US$18 billion award that the energy...

What you missed at ICSID

Five new claims against Peru, Venezuela, Bulgaria, Spain and Turkey were registered by ICSID over the holiday period as well as a rectification proceeding initiated by a Swiss energy company after the...

Italy suffers first loss in solar claim

A Stockholm Chamber of Commerce tribunal has found Italy liable for breaching the Energy Charter Treaty – the first known award made against the state in the series of claims it faces over changes to regulations...

Mexico will face limestone quarry NAFTA claim

Two subsidiaries of a US construction materials company have made good on a threat to bring a NAFTA claim against Mexico over alleged discriminatory measures that harmed its investment in a limestone quarry....

Award against Argentina upheld despite committee’s qualms

An ICSID committee has declined to annul a US$226 million award won by European water and waste management investors against Argentina, while expressing qualms about the "generally unsatisfactory" nature...

Panama Canal consortium ordered to pay

An ICC tribunal has ordered the consortium working on a project to expand the Panama Canal to reimburse US$847 million in advances paid by the Panama Canal Authority – the second award in favour of the...

How Egypt “aced the test of the Arab Spring”

Speaking at a conference in the Egyptian resort of Sharm El Sheikh, Cairo-based arbitration specialist Karim A Youssef has called for the elimination of stigma surrounding investment treaty arbitration,...

Case against Tunisia resumes with new panel

A long-running ICSID arbitration against Tunisia which was suspended after the resignation of all the arbitrators on the tribunal for the jurisdiction and liability phases of the case has started up again...

Naftogaz turns to US courts in battle with Gazprom

Ukraine’s national oil and gas company Naftogaz has asked the US courts for help in obtaining information about Gazprom’s European assets in connection with its efforts to enforce a US$2.56 billion SCC...

LCIA award enforced in Ukraine despite “collusion” claim

The Kiev Court of Appeal has ruled that an LCIA award against a subsidiary of Ukraine’s national oil and gas company Naftogaz should be enforced even though local anti-corruption and competition authorities...

Jay-Z drops bid to stay AAA case for lack of diversity

US rapper and entrepreneur Jay-Z has withdrawn a request for a temporary stay of a US$200 million American Arbitration Association proceeding, saying the institution has agreed to work with him to address...

Venezuela fails to annul bottlemaker's award

An ICSID committee has upheld a bottlemaking company's US$485 million award against Venezuela – rejecting arguments that arbitrator Alexis Mourre had a conflict of interests because of short-lived plans...

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...

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