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Zuleta to take command in ConocoPhillips case

Global Arbitration Review - Tue, 2016-04-26 04:53

Colombian Eduardo Zuleta is to try to put the troubled ICSID arbitration between ConocoPhillips and Venezuela back on track, after being appointed to replace the tribunal’s recently resigned president Kenneth Keith.

Argentina pays out to end sovereign debt claim

Global Arbitration Review - Mon, 2016-04-25 11:50

Argentina has paid US$1.35 billion to settle an ICSID claim brought by Italian bondholders, as the state made a historic return to the international capital markets last week after a 15-year absence.

Volterra Fietta promotes first female partner

Global Arbitration Review - Mon, 2016-04-25 10:59

Public international law firm Volterra Fietta has promoted US lawyer Suzanne Spears to its partnership in London, six months after she joined the firm as counsel.

Judge blocks use of documents in LCIA mining fraud case

Global Arbitration Review - Mon, 2016-04-25 10:33

A Guernsey company accused of obtaining mining rights in Guinea through bribery has been refused permission to use confidential documents produced in a lawsuit against it as evidence in a related LCIA arbitration.

Hungary faces new Energy Charter Treaty claim

Global Arbitration Review - Fri, 2016-04-22 10:31

Engie, the French power utility formerly known as GDF Suez, has filed an Energy Charter Treaty claim against Hungary over its investment in the country’s gas sector.

Venezuela must pay for stay, says committee

Global Arbitration Review - Fri, 2016-04-22 08:46

An ICSID annulment committee has refused to lift a stay of enforcement on a US$34 million award in favour of investors in a Caribbean airport – but ordered Venezuela to post an “unconditional and irrevocable” bank guarantee for the full amount of the award plus interest and costs.

Five years of the Scottish Arbitration Centre

Global Arbitration Review - Fri, 2016-04-22 04:54

The Scottish Arbitration Centre has celebrated its fifth anniversary with an event in Edinburgh.

LCIA brings speedy end to Russian airline dispute

Global Arbitration Review - Fri, 2016-04-22 02:00

A US aviation company has won a US$22 million LCIA award against an insolvent Russian airline within three months of bringing the claim, in an example of the time and cost efficiency of using a sole arbitrator for simpler cases even where one side refuses to participate.

Venezuela ordered to pay US$98 million for cattle farms seizure

Global Arbitration Review - Thu, 2016-04-21 16:00

A case that has been on ICSID’s books for a decade has ended, after a tribunal ordered Venezuela to pay a British meat producer US$98 million for the expropriation of a cattle farming business.

“Sham” arbitration court faces DC action

Global Arbitration Review - Thu, 2016-04-21 04:33

A Miami-based mortgage loan collector has challenged the jurisdiction of an “unrecognised and illegitimate” arbitral institution called the “International Court of Commerce,” as it seeks an injunction preventing the body from issuing an award.

Clyde & Co promotes three

Global Arbitration Review - Thu, 2016-04-21 03:00

Clyde & Co has promoted three new partners whose international arbitration practices span Asia, Africa, the Middle East and Latin America

Funder hires for New York opening

Global Arbitration Review - Thu, 2016-04-21 02:22

A pair of disputes practitioners have left their firms to open European third-party funder Therium’s first office in the US.

White & Case and Hanotiau scoop Who’s Who awards

Global Arbitration Review - Wed, 2016-04-20 23:04

After leading this year’s GAR 30 with Freshfields Bruckhaus Deringer, White & Case has scooped the arbitration firm of the year award at the 2016 Who’s Who Legal Awards, organised by GAR’s sister publication, while Bernard Hanotiau was named lawyer of the year for arbitration.

US$50 billion Yukos awards set aside in The Hague

Global Arbitration Review - Wed, 2016-04-20 02:30

UPDATED. In a spectacular reversal of fortune for Russia, a court in The Hague has set aside the US$50 billion Energy Charter Treaty awards in favour of the former majority shareholders in the Yukos Oil Company on jurisdictional grounds.

Yukos set aside decision: key findings of the Dutch court

Global Arbitration Review - Wed, 2016-04-20 01:22

GAR reproduces key paragraphs of the Hague District Court judgment which set out its reason for setting aside the US$50 billion Yukos awards against Russia.

The overturning of a US$50 billion award

Global Arbitration Review - Wed, 2016-04-20 00:00

Unsurprisingly, the day has been dominated by discussion of the set-aside of the US$50 billion Yukos awards and the effect it will have on enforcement proceedings against Russia in six jurisdictions worldwide.

“Baiting the bear”: Yukos enforcement updates from around the world

Global Arbitration Review - Tue, 2016-04-19 09:22

UPDATED. On the eve of a decision of a court in The Hague on whether to set aside the US$50 billion Yukos awards against Russia, GAR reports on the progress of the worldwide enforcement proceedings.

Dentons hires Middle East disputes specialist in New York

Global Arbitration Review - Tue, 2016-04-19 09:05

After nearly two years as a partner at Pinsent Masons in London, US national Meriam Alrashid is joining the international arbitration team at Dentons, dividing her time between New York and London.

Australian centre unveils new rules and advisory council

Global Arbitration Review - Tue, 2016-04-19 06:15

The Australian Centre for International Commercial Arbitration has launched new arbitration and expedited arbitration rules with provisions on joinder and consolidation and counsel conduct, and created a new advisory council of 21 members.

Italian arbitrator accused of corruption

Global Arbitration Review - Mon, 2016-04-18 13:01

A US insurer has accused its former business partner of bribing an Italian arbitrator to influence the outcome of a €3 billion dispute – on the basis of conversations secretly recorded by an Israeli intelligence firm.

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