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Swiss award enforced after Tajik bank’s no-show

A US court has enforced a Swiss Chambers award worth US$24.6 million against a Tajik state-owned bank, as a related ICSID claim remains paused. On 25 August, a deputy clerk in the Southern District...

Swiss award enforced after Tajik bank’s no-show

A US court has enforced a Swiss Chambers award worth US$24.6 million against a Tajik state-owned bank, as a related ICSID claim remains paused. On 25 August, a deputy clerk in the Southern District...

Mining magnate brings new suit against Western Australia

As Western Australia passes legislation to terminate a US$21 billion domestic arbitration, the mining magnate behind the claim says he has filed a new lawsuit against the state government – while practitioners...

ICSID panel extends stay of Spain solar award

An ICSID committee has extended a stay of enforcement of a German solar investor's €41 million award against Spain, ruling there was a real risk the state may be unable to recoup any sums paid out if the...

UK crime agency won’t be joined to fight over 1MDB-linked funds

The High Court in London has dismissed an attempt to join the UK’s National Crime Agency (NCA) to litigation over the proceeds of an arbitral award that Malaysian authorities have linked to the 1MDB corruption...

Joint bank accounts can be garnished in Singapore

The Singapore High Court has ruled for the first time that a joint bank account can be garnished where there is a strong prima facie basis to conclude that all the money in the account belongs to the debtor....

Who is sitting at ICSID?

CORRECTED: Eight panels have been formed at ICSID in the past month, with first-time appointments for Céline Lévesque, Eva Kalnina, Henry Burnett and David Arias. Since GAR’s last roundup, panels have...

SIAC panel rules in Philippine mining dispute

An Australian mining company has reported a win before the Singapore International Arbitration Centre in a dispute over a joint venture to develop a US$463 million copper and gold project in the Philippines....

Settlement bars Petrobras claim over refinery bribes

A Texas state appeal court has affirmed that Brazil’s Petrobras is barred from pursuing bribery claims in an ICDR arbitration over the purchase of a US oil refinery because of a settlement agreed eight...

US court enforces treaty award against Ukraine

A US court has enforced a US$112 million investment treaty award in favour of Russian oil and gas producer Tatneft against Ukraine, dismissing arguments that the late Chilean arbitrator Francisco Orrego...

Albanian oilfields dispute leads to ICC award

Albania has defeated the bulk of a third-party funded ICC claim worth US$90 million brought by a US-based company concerning three oilfields. According to media reports last month, the tribunal issued...

Counsel criticised in Kazakhstan enforcement battle

A US court has criticised counsel in discovery proceedings brought by Moldovan investors seeking to enforce a US543 million Energy Charter Treaty award against Kazakhstan, questioning the “judgment and...

Zambia defeats police housing claim

Zambia says it has prevailed in a London arbitration brought by a US company under a contract to build a housing facility for the country’s police force – with a tribunal rejecting allegations the state...

Madagascar seeks annulment of clothes factory award

Madagascar has applied to annul a €7 million ICSID award won by two Belgian brothers whose clothes factory was looted and burned down during civil unrest – four years after the state successfully set aside...

Ponzi scheme victims move ahead with US treaty claims

Over seven years after originally filing their claims, it has emerged that victims of a Ponzi scheme devised by convicted fraudster Allen Stanford are moving ahead with investment treaty arbitrations against...

ICC claim over LatAm casino venture to settle

South African casino hotel chain Sun International has agreed to settle a dispute with its Chilean joint venture partner that gave rise to an ICC arbitration and sell its stake in the venture for US$160...

German lender’s ICSID claim clears hurdle

A divided ICSID panel has upheld jurisdiction over a German lender’s Energy Charter Treaty claim against Spain – finding, in an apparent first, that project financing provided by a third party amounted...

Tribunal will hear claim by third-party lender

A divided ICSID tribunal has upheld jurisdiction over a German lender’s Energy Charter Treaty claim against Spain – finding, in an apparent first, that financing provided by a third party amounted to a...

Panama defeats tyre trademark claim

AWARD NOW PUBLIC. Panama has defeated a US$20 million ICSID claim brought by two US subsidiaries of Japanese tyre manufacturer Bridgestone in a dispute over trademark licensing. Panama’s counsel Arnold...

Nigerian oil block dispute to settle

The Nigerian National Petroleum Corporation (NNPC) has agreed preliminary settlement terms for a long-running tax dispute with two investors in an offshore oil and gas block that gave rise to a pair of...

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