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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...

Port authority prevails in Brazilian saga

A tribunal at the Brazil-Canada Chamber of Commerce has issued an award in favour of the state entity that oversees South America’s largest container port, resolving a US$700 million dispute that began...

Nigeria wins reprieve to contest mega-award in London

UPDATED: The Commercial Court in London has ruled that Nigeria should be permitted to present arguments against the enforcement of a US$9 billion arbitral award despite having missed a filing deadline...

Nigeria wins reprieve to contest mega-award in London

UPDATED: The Commercial Court in London has ruled that Nigeria should be permitted to present arguments against the enforcement of a US$9 billion arbitral award despite having missed a filing deadline...

Details of ICSID claim against Rwanda come to light

Two US companies are claiming more than US$95 million in an ICSID arbitration against Rwanda over the cancellation of mining concessions, it has emerged. Boston-based claimants Bay View Group and Spalena...

Service on states can’t be bypassed, UK court holds

London’s Commercial Court has partially set aside an order to enforce an award against Libya, holding that it cannot dispense with requirements for service of proceedings on a foreign state even in the...

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