Feed aggregator

Mexico claims line up at ICSID

A Dutch bank has launched an ICSID claim against Mexico over an investment in the maritime transport sector – as the centre also takes on the administration of an US$80 million UNCITRAL claim against the...

Buffett award enforced in New York

A New York federal court has confirmed a €643 million award in favour of a conglomerate controlled by US billionaire Warren Buffett that was found to have been defrauded into acquiring a German piping...

Thai company files new claim against Laos

A Thai coal-mining company has made good on its threat to file a new UNCITRAL claim worth US$450 million against Laos over the termination of a power plant project, after a prior award it won over the...

Miculas seek to revive ICSID claim against Romania

Sweden’s Micula brothers have launched ICSID annulment proceedings in a bid to revive a US$2 billion claim over the state’s alleged failure to police its black market in alcohol. ICSID yesterday registered...

Zimbabwe faces LCIA claim over covid-19 testing kits

Zimbabwe’s state-owned pharmaceutical company has been threatened with an LCIA claim over the termination of a US$60 million contract to supply covid-19 testing kits, amid a criminal investigation that...

Tanzania hit with mining claim

A Canadian mining company has made good on its threat to file an investment treaty claim against Tanzania over the revocation of a project licence – reaching an agreement in principle with a third-party...

Angola defeats claim over unsigned port contract

UPDATED WITH TRIBUNAL: Angola has defeated a US$850 million claim by a company linked to the billionaire daughter of the country’s former president, which arose out of a port concession contract that was...

UK court rejects due process challenge to Shell award

An Italian energy company was not deprived of due process in an LCIA arbitration with Shell as a result of being unable to find a senior barrister to represent it after sacking its entire legal team days...

Sinopec faces bid to enforce annulled CIETAC award

A British Virgin Islands company has asked a US court to enforce a US$21 million CIETAC award against a subsidiary of Chinese state-owned energy company Sinopec – weeks after it was annulled by a court...

Kenya declares win in geothermal energy dispute

Kenya says it has defeated an ICSID claim worth US$340 million brought by a US-Canadian energy company over the revocation of a licence for a geothermal energy project. An ICSID tribunal dismissed the...

Kenya declares win in geothermal energy dispute

Kenya says it has defeated an ICSID claim worth US$340 million brought by a US-Canadian energy company over the revocation of a licence for a geothermal energy project. An ICSID tribunal dismissed the...

Dutch court lifts freeze on Egyptian property

A Dutch court has lifted an attachment over an unoccupied property in The Hague that was frozen at the request of a Finnish businessman seeking to enforce an investment treaty award against Egypt, after...

Attachment of Kazakh assets lifted in Sweden

A Stockholm appeal court has overturned the attachment of US$85 million in Kazakh funds obtained by Moldovan investors seeking to enforce a US$543 million Energy Charter Treaty award – ruling that assets...

Gazprombank v Belarus: the value of requiring direct evidence to support illegality allegations

Following Gazprombank’s recent threat to pursue a claim against Belarus over actions taken in a controversial and politically sensitive money-laundering investigation, Nikhil Gore and Amanda Tuninetti...

Romanian real estate dispute heads to London

Johannesburg-listed property investment group NEPI Rockcastle has announced it is in arbitration over a €290 million sale of offices in Romania that stalled in the wake of the covid-19 pandemic. NEPI,...

Papua New Guinea faces ICSID claim over mining project

Canada’s Barrick Gold has threatened to bring an investment treaty claim against Papua New Guinea over its refusal to extend a mining lease – as its local subsidiary launches ICSID conciliation proceedings. ...

Papua New Guinea threatened with mining claim as conciliation filed

Canada’s Barrick Gold has threatened Papua New Guinea with an ICSID claim over the country’s refusal to extend a mining lease – a day after its joint venture company launched conciliation proceedings at...

UK Supreme Court to hear Kabab-Ji v Kout appeal

The UK Supreme Court has given a Lebanese food company leave to appeal a decision that refused enforcement of an ICC award against a non-signatory – weeks after the same award was upheld by a French court...

Germany fails in second challenge to Vattenfall panel

Germany has failed in a second attempt to disqualify the ICSID tribunal hearing a €4.7 billion claim brought by Swedish company Vattenfall over its phase-out of nuclear energy – after arguing that an arbitrator’s...

South Korea averts treaty claim over island resort

A Malaysian corporation that threatened to bring a multibillion-dollar investment treaty claim against South Korea over a thwarted project to build an island resort has agreed to settle the dispute by...

Syndicate content