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Singapore assets frozen in fight over historic property

The Singapore High Court has granted a freezing order in aid of a SIAC arbitration over the sale of a property of historical importance in the city-state, finding that the settlement of related litigation...

ICSID to hear first treaty claim against Denmark

A Lithuanian businessman is proceeding with the first known investment treaty claim against Denmark at ICSID, after he was unable to reach a settlement with the state over the damage allegedly caused by...

Brazilian airline’s award enforced in Cayman Islands

The Court of Appeal of the Cayman Islands has enforced a Brazilian airline’s US$55 million ICC award against two private equity funds, ruling that the arbitrators were entitled to decide the case on a...

Brazilian airline’s award enforced in Cayman Islands

The Court of Appeal of the Cayman Islands has enforced a Brazilian airline’s US$55 million ICC award against two private equity funds, ruling that the arbitrators were entitled to decide the case on a...

Telecoms investor takes on Costa Rica

A Venezuelan investor has brought an ICSID additional facility claim against Costa Rica seeking at least US$25 million for the alleged expropriation of his mobile phone distribution business. José...

Switzerland will face first ICSID claim

A Seychelles entity has made good on its threat to bring a US$300 million treaty claim against Switzerland on behalf of Italian property investors, the first ICSID case the state has ever faced. ICSID...

Consulting firm appeals discovery for treaty dispute

A US consulting firm and its CEO have appealed a New York court’s order requiring them to produce evidence in aid of a Russian fund’s investment treaty claim against Lithuania, arguing the proceeding is...

Dos Santos telecoms award enforced in BVI

The High Court of the British Virgin Islands has enforced a US$646 million award against a company owned by beleaguered Angolan billionaire Isabel dos Santos, finding that the ICC Court was right to appoint...

Palestinian hotel owners bring claim against Norway

The owners of a West Bank hotel have filed an UNCITRAL claim against Norway over damage allegedly caused to their property while it was leased to an international observer mission that was expelled by...

Veon subsidiary seeks to revive Canada claim

An Egyptian subsidiary of Dutch telecoms group Veon has applied to ICSID to revive a US$1.8 billion bilateral investment treaty claim against Canada that was dismissed on the merits earlier this year....

The new LCIA rules – worth the wait?

Akin Gump’s London-based head of arbitration Justin Williams and counsel James Glaysher consider the updated version of the LCIA’s arbitration rules which come into force on 1 October. The avowed aim...

UK injunction against funding of ICSID claim upheld

The Court of Appeal in London has upheld an injunction that prevents a UK company from funding a US$6 billion ICSID claim against Turkey, finding a judge was within his rights to conclude there was a serious...

ICSID panel challenged over decision to hold virtual hearing

Spain has for the second time challenged an ICSID tribunal hearing a renewables claim brought by several German banks – arguing that the arbitrators’ stated reasons for insisting on a virtual hearing are...

ICC to hear breast cancer drug dispute

A Los Angeles biopharmaceutical company has launched an ICC claim over a US$195 million licence agreement to promote a breast cancer drug in Greater China. Puma Biotechnology filed its request for arbitration...

Faulty service dooms bid to revive DR-CAFTA claim

Two dual nationals who sought to revive a US$41.5 million DR-CAFTA claim against the Dominican Republic were out of time in serving set-aside proceedings on the state, a US court has ruled. In an opinion...

Blocked aerospace deal prompts threat against Ukraine

Chinese investors are reportedly considering international arbitration against Ukraine as the state continues to block their takeover of an aerospace company caught in the middle of a diplomatic power...

Telecoms claim against Sudan discontinued

The first ever ICSID claim against Sudan, brought by a Jordanian-Lebanese telecoms investor, has been discontinued by agreement of the parties.  The tribunal issued an order taking note of the discontinuance...

Clyde & Co hit with injunction over 1MDB allegations

A subsidiary of Venezuela’s national oil and gas company PDVSA has obtained an English court injunction to prevent Clyde & Co from transferring US$340 million to a Saudi-owned client to comply with an...

Western Australia scrambles to halt mega-claim

An Australian mining magnate is seeking as much as US$21 billion in a domestic arbitration against Western Australia, as the state government scrambles to pass emergency legislation that would terminate...

Papua New Guinea will face mining claim

Canadian mining company Barrick Gold has made good on its threat to file an ICSID claim against Papua New Guinea over the state’s refusal to extend a mining lease.  The claim, which has been brought...

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