Feed aggregator

Chinese-US aircraft venture spawns Hong Kong award

A Chinese-owned company has asked a Missouri court to enforce an US$87 million HKIAC award against its US partner in a failed joint venture to resell used aircraft. Top Jet – a BVI subsidiary of Chinese...

US appeals courts split on discovery for commercial arbitration

A US appeals court has refused to allow a Chinese businessman to obtain documents for use in a CIETAC proceeding – cementing a divide between the country's courts on whether they can grant discovery in...

The consultation on intra-EU investment protection: an opportunity that should not be missed

As the EU opens a public consultation on intra-EU investment protection, Paschalis Paschalidis of Shearman & Sterling argues that investors and other stakeholders should seize the opportunity to put forward...

SIAC to hear claim over Vietnamese gas block

A Singaporean oil and gas company has filed a SIAC claim against a subsidiary of Japan’s Inpex Corporation over a deal to acquire a US$14 million stake in a Vietnamese offshore gas block. On 3 July,...

PCA hears oil investor’s claim against Peru

A tribunal at the Permanent Court of Arbitration is hearing a US$90 million investment treaty claim against Peru brought by a former citizen who alleges he lost a bid to operate two oil blocks because...

Motorbike maker fails in NAFTA claim against Mexico

Mexico has defeated a reported US$3 billion NAFTA claim brought by a US motorcycle manufacturer over a customs duty imposed on its imported bikes after the state concluded they were being manufactured...

Mexico defeats claim from motorcycle manufacturer

Mexico has defeated a NAFTA claim brought by a US motorcycle manufacturer over a customs duty imposed on its imported bikes after the state concluded they were being manufactured in China, not the US....

Funder seeks to enforce against Kyrgyzstan

An affiliate of Burford Capital has applied to a US court to enforce a US$24 million investment treaty award against Kyrgyzstan over the state’s expropriation of mining rights. Delaware-registered Gillham...

Mexican state utility liable for stalled hydro project

A Chinese-Mexican consortium has won a US$220 million LCIA award against Mexico’s state electric utility over a hydroelectric project disrupted by local protests. State-owned Comisión Federal de Electricidad...

UK court clarifies procedure for enforcing ICSID awards

The High Court in London has affirmed that ICSID awards can be registered in the UK on an ex parte basis, and that normal service requirements in a US$2 billion enforcement action against Egypt can be...

Korean gaming company enjoys winning streak

South Korean videogame developer WeMade has received favourable awards in three arbitrations over an online role-playing game series, including the largest case ever heard at the Korean Commercial Arbitration...

Paris tribunal decides Peruvian toll dispute

A Paris-seated tribunal has ruled in a dispute over toll rates between the Peruvian municipality of Lima and a French-owned road concessionaire – as a new arbitration between the parties gets underway....

Mauritanian state entity defeats iron ore claim

Mauritania’s state-owned mining company has reportedly defeated an ICC claim by a Spanish construction group over delays to a €140 million iron ore enrichment plant in the West African state.  A Paris-seated...

UK court sides with Guaidó in gold battle

In a blow to Venezuelan president Nicolás Maduro, a London court has ruled that the UK government “unequivocally” recognises Juan Guaidó as the country’s interim president in a battle for control of the...

Azerbaijan hit with claim over oilfield sale

A Georgian businessman has filed an Energy Charter Treaty claim against Azerbaijan, seeking more than US$700 million in compensation over alleged interference by the state energy company leading up to...

Libya held liable over civil war disruption

An ICSID tribunal has ordered Libya to pay €74 million in damages to an Austrian construction company over infrastructure projects that were disrupted by the country's civil war. A tribunal chaired...

Funder in place for mining claim against Poland

An Australian mining company says it has secured third-party funding for an imminent investment treaty claim against Poland over the obstruction of two coal projects. Prairie Mining today announced...

ICC panel rules in Turkmen-Iranian gas dispute

Turkmenistan’s national gas company Turkmengaz has reportedly been awarded around US$2 billion in an ICC claim concerning payments for the supply of natural gas to Iran. Iranian media reported yesterday...

China faces claim from Japanese trading house

A Japanese construction materials trader has launched an ICSID claim against China over a real estate project – in what is thought to be the first treaty claim brought by a Japanese investor against the...

Spain fails to unseat Spigelman in solar case

Spain has failed to disqualify Australian James Spigelman QC from hearing an ICSID claim brought by a Belgian solar investor on the ground that he had “prejudged” the case through his participation in...

Syndicate content