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Spain and France not immune from oil spill suits

The Commercial Court in London has ruled that Spain and France cannot invoke sovereign immunity to avoid litigation brought by an insurance club over the two states’ alleged failure to honour arbitral...

Who is sitting at ICSID?

Nine panels have been formed at ICSID in the past six weeks, including two arbitrators accepting their first-ever appointments at the centre – Germany’s Maxi Scherer and Arnaud de Nanteuil of France. ...

Argentine grid manager faces PCA claim

A US-owned renewables producer has launched a claim at the Permanent Court of Arbitration against Argentina’s electricity market manager after a contract it had to build a solar park was rescinded.  ...

Pollution claim against Peru clears hurdle

Peru has failed to knock out an investment treaty claim brought by a US company over environmental pollution in the Andes, after a divided tribunal concluded that the case was not time-barred. In an...

Details of Panama biofuels dispute emerge

An Italian-owned company is seeking more than US$100 million in an ICSID claim against Panama over what it calls a “multi-pronged blitzkrieg” against its biofuel operations, including regulatory changes...

Shell faces challenge to Malaysian oil platform award

A Malaysian state-owned shipping company has applied to set aside an award worth over US$340 million won by a Shell subsidiary at the Asian International Arbitration Centre in a dispute over one of the...

ICSID claimant pursues Tajik bank over Swiss award

An Austrian businessman has sought to enforce a Swiss Chambers award worth US$25 million against a Tajik state-owned bank after agreeing to suspend a related ICSID claim. Alois Schönberger’s Hong Kong-registered...

ICSID claimant pursues Tajik bank over Swiss award

An Austrian businessman has sought to enforce a Swiss Chambers award worth US$25 million against a Tajik state-owned bank after agreeing to suspend a related ICSID claim. Alois Schönberger’s Hong Kong-registered...

Qatar Airways launches treaty claims over blockade

Qatar Airways has launched investment treaty claims seeking at least US$5 billion in damages from four Arab countries who have banned it from their airspace and their markets, as part of a continuing blockade...

Turkey denied discovery for ICSID case

Turkey has failed in a fresh bid to obtain evidence from a businessman for use in an ICSID case over the alleged expropriation of a newspaper business – after a US court ruled there was a risk he could...

Clifford Chance partner criticised in Deripaska feud

The Commercial Court in London has criticised Clifford Chance international arbitration partner Marie Berard for “lack of objectivity” after dismissing her client’s bid to have Russian businessman Oleg...

Dutch appeal court recognises award against Kazakhstan

The Amsterdam Court of Appeal has recognised a US$543 million Energy Charter Treaty award won by Moldovan investors Anatolie and Gabriel Stati against Kazakhstan – ruling the state had not established...

Spanish ruling curbs judicial review of awards

Practitioners have welcomed a landmark ruling by Spain’s Constitutional Court that they say significantly restricts the ability of the judiciary to re-examine the merits of arbitral awards on the basis...

Puerto Rican insurer gets US$524 million award

A Puerto Rican insurance group has asked a US federal court to enforce an interim award worth US$524 million against a Bermudian reinsurer whose controlling owner was recently convicted of bribery. ...

PCA hears claim against Iranian airline

CORRECTED. A sole arbitrator at the Permanent Court of Arbitration is hearing a claim brought by a global air transport IT provider against Tehran-based Iran Airtours. The PCA today published a cast...

Egyptian court hears billion-dollar BIT claim

A Cairo administrative court is hearing a first-of-its-kind investment treaty claim worth US$1 billion brought by a Thai state-owned investor in a troubled gas pipeline between Egypt and Israel, GAR has...

Claim under Caribbean treaty clears hurdle

An UNCITRAL tribunal has said it can hear a Jamaican businessman’s US$600 million investment treaty claim against the Dominican Republic under its trade agreement with the Caribbean Community – as a dissenting...

German investor fails to revive settlement with Libya

A French court has refused to reinstate a US$120 million consent award in an investment treaty case against Libya that was rescinded after the tribunal found that the German claimant procured the settlement...

Petrobras loses appeal in bribery dispute

A US appeals court has upheld an ICDR award that required Brazil’s Petrobras to pay over US$700 million to an offshore drilling company for terminating a contract allegedly procured through bribery. ...

Mayer challenged over ties to Cameroon

A US company bringing a billion-dollar claim against Cameroon at ICSID has applied to disqualify Pierre Mayer as arbitrator over his alleged links with the central African state. Delaware-registered...

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