Feed aggregator

Montenegro wins second ICSID case

Global Arbitration Review - Thu, 2016-07-28 09:58

Montenegro has defeated a €600 million ICSID claim brought by an aluminium company owned by Russian oligarch Oleg Deripaska, after a tribunal ruled that the company’s Cypriot address was phoney and it had failed to establish its status as a foreign investor.

Fortier survives staff benefits challenge

Global Arbitration Review - Thu, 2016-07-28 06:32

An arrangement whereby Yves Fortier's staff receive Norton Rose Fulbright employee benefits is not grounds to question his impartiality, his co-arbitrators have ruled – rejecting Venezuela's sixth attempt to disqualify him from the ConocoPhillips case.

Crystallex less distressed after enforcement in Canada

Global Arbitration Review - Thu, 2016-07-28 04:43

A Toronto court has enforced a US$1.4 billion ICSID award in favour of distressed Canadian mining company Crystallex, which holds that Venezuela expropriated its investment in one of the world’s largest gold deposits.

Dolliver Nelson 1932-2016

Global Arbitration Review - Thu, 2016-07-28 04:39

Dolliver Nelson, the former president of the International Tribunal for the Law of the Sea and arbitrator of a famous maritime dispute between Suriname and Guyana, has died at the age of 84.

Iranian oil award survives Israeli challenge

Global Arbitration Review - Wed, 2016-07-27 15:00

An Israeli state-owned entity has lost its challenge of a US$1.12 billion award that compensates Iran’s national oil company for crude oil deliveries made just before the Iranian revolution of 1979.

Spanish farming investors sue Venezuela

Global Arbitration Review - Wed, 2016-07-27 10:27

A Spanish agricultural conglomerate has filed a claim at ICSID against Venezuela over the nationalisation of its operations on the orders of the late president Hugo Chávez.

CAS to have new doping division at Rio Olympics

Global Arbitration Review - Wed, 2016-07-27 09:13

For the first time in the history of the Olympic Games, the Court of Arbitration for Sport is to be in charge of doping-related disputes as a first-instance authority – and has formed a new anti-doping division to handle them.

ICSID claim against St Lucia dismissed

Global Arbitration Review - Wed, 2016-07-27 00:24

US oil company RSM’s US$200 million claim against the Caribbean state of Saint Lucia is at an end after the company failed to pay US$750,000 security for costs, as ordered by the tribunal in an ICSID first.

India found liable in satellite case

Global Arbitration Review - Tue, 2016-07-26 15:55

UPDATED. A tribunal has found India liable for breaching three Mauritian investors’ treaty rights through the cancellation of a satellite telecoms deal – but partly accepted the state’s defence based on national security interests.

Natural oil dispute leads to natural justice ruling

Global Arbitration Review - Tue, 2016-07-26 10:21

A dispute over palm oil has ended with a Singapore court setting aside an arbitral award for breach of natural justice – because the tribunal decided the case on the basis of collateral contract arguments it only raised 10 minutes before the end of the hearing.

Olympic decision requires a photo finish by CAS?

Global Arbitration Review - Tue, 2016-07-26 02:58

With the Olympic Games in Rio just 10 days away, the Court of Arbitration for Sport could rapidly have to resolve a high number of new appeals arising from the International Olympic Committee’s decision not to impose a blanket ban on Russian competitors in response to allegations of state-sponsored doping.

Hong Kong under-45 group welcomes new chairs

Global Arbitration Review - Tue, 2016-07-26 01:00

The Hong Kong International Arbitration Centre has picked new leaders to head its young practitioners group – the HK45 – and launched a new network of regional ambassadors to promote arbitration in Hong Kong globally.

PDVSA pursues Paraguay for unpaid debt

Global Arbitration Review - Mon, 2016-07-25 13:31

Venezuela’s national oil and gas company PDVSA has filed an ICC claim against its Paraguayan counterpart Petropar as it looks recover US$265 million in unpaid debt.

Ecuador settles with Chevron over court delay

Global Arbitration Review - Mon, 2016-07-25 11:58

Ecuador has paid US$112 million to Chevron to honour a five-year-old investment treaty award that compensated the oil company for delays in the country’s court system.

Crystallex funder backs Colombia claim

Global Arbitration Review - Mon, 2016-07-25 11:48

A New York private equity firm that reaped a record return by financing an ICSID case against Venezuela has agreed to fund a Canadian mining company’s looming treaty claim against Colombia.

Shell takes on Philippines over back taxes

Global Arbitration Review - Fri, 2016-07-22 13:20

The Philippines is facing an ICSID claim brought by Royal Dutch Shell over tax bills of US$1.1 billion that were retrospectively imposed on the country’s only natural gas project.

McArbitration back on the menu

Global Arbitration Review - Fri, 2016-07-22 11:50

An LCIA claim initiated by McDonald’s against its former Indian joint venture partner is back on track, after a court in Delhi lifted an anti-arbitration injunction.

IMF chief to stand trial over Tapie Affair after appeal fails

Global Arbitration Review - Fri, 2016-07-22 08:54

The managing director of the International Monetary Fund, Christine Lagarde, will stand trial for her role in referring Bernard Tapie’s dispute with the French government to arbitration, after her appeal to France's top court failed.

ZRP promotes in Bucharest

Global Arbitration Review - Fri, 2016-07-22 04:00

Romanian firm Zamfirescu Racoți & Partners has promoted disputes specialist Alina Tugearu to the partnership in Bucharest as of 1 July.

Eni fails to win price cut from GasTerra

Global Arbitration Review - Thu, 2016-07-21 13:00

A Hague-seated tribunal has refused to grant Italian energy group Eni a downward price revision to a long-term gas contract with GasTerra, prompting the Dutch trader to start a fresh arbitration and seize €1 billion assets owned by Eni’s Amsterdam operation.

Syndicate content