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Hedge fund claims against Peru over land bonds

Global Arbitration Review - Fri, 2016-06-03 13:07

Peru has accused a US hedge fund of engaging in “smear campaigns” after it lodged a US$1.6 billion treaty claim against the state seeking payment of defaulted bonds issued nearly 50 years ago by a former left-wing military dictatorship in exchange for expropriated farmland.

Argentina’s former ICSID liaison joins rebranded boutique

Global Arbitration Review - Fri, 2016-06-03 11:50

Argentina’s former ICSID liaison Ignacio Torterola has joined Gomm & Smith as the Miami boutique spreads to Washington, DC and rebrands as GST to reflect the new addition.

Somalia plans reforms to arbitration framework

Global Arbitration Review - Fri, 2016-06-03 04:00

Somalia has set up a government division to reform the country’s arbitration framework following a long drawn out civil war, including through accession to the New York Convention and adoption of the UNCITRAL Model Law.

Ecuador to pay for mine seizures but violence prompts damages cut

Global Arbitration Review - Thu, 2016-06-02 14:23

An UNCITRAL tribunal has ordered Ecuador to pay damages for the unlawful expropriation of two copper reserves but cut the amount because of violence inflicted on anti-mining protestors by a security force hired by the claimant.

Assignment spells success for Egyptian gas supplier

Global Arbitration Review - Thu, 2016-06-02 11:42

An ICC tribunal has rejected claims for contractual penalties worth more than US$270 million plus interest against Egypt’s state-owned natural gas supplier EGAS, finding that the claimant had assigned all its rights under a gas supply contract to a third party.

Tylney weekend marks start of new LCIA presidency

Global Arbitration Review - Thu, 2016-06-02 06:44

The LCIA has made new appointments to its courts and users' councils and signed the Equal Representation in Arbitration Pledge, as Judith Gill QC of Allen & Overy begins her term as the first female president of the institution.

Dominican Republic triumphs in DR-CAFTA claim

Global Arbitration Review - Wed, 2016-06-01 12:02

An ICSID tribunal has thrown out a US mining investor’s third-party funded case against the Dominican Republic after ruling that the US$100 million claim was time-barred.

Latvian roof collapse leads to threat of ICSID claim

Global Arbitration Review - Wed, 2016-06-01 11:46

A Dutch real estate investment fund has threatened to file an ICSID claim against Latvia over the conduct of its municipal authorities and courts following the fatal collapse of a supermarket roof in Riga that triggered the fall of the country's government.

London's first female Ukrainian equity partner moves to Chadbourne

Global Arbitration Review - Wed, 2016-06-01 11:42

Central and Eastern Europe and Commonwealth of Independent States disputes specialist Irina Tymczyszyn has left Bryan Cave to become a partner in Chadbourne & Parke's international arbitration and public international law group in London.

Corporate counsel swap views in London

Global Arbitration Review - Wed, 2016-06-01 04:00

A conference in London organised by two corporate counsel groups and the Swiss Arbitration Institution saw arbitrators given the principal blame for the delay, cost and inefficiency of international arbitration.

Kyrgyzstan faces claim over environmental lawsuits

Global Arbitration Review - Tue, 2016-05-31 13:32

Canadian mining company Centerra Gold has filed an UNCITRAL claim against Kyrgyzstan after its local subsidiaries were targeted by environmental litigation as well as a criminal investigation that led to a raid on their Bishkek offices.

Belize loses appeals over LCIA awards

Global Arbitration Review - Tue, 2016-05-31 12:58

UPDATED: A US appeal court has rejected Belize’s attempts to undo the confirmation of LCIA awards rendered in two separate disputes, as the US Supreme Court considers whether to grant the state leave to appeal enforcement of an award in a third case.

Who’s sitting at ICSID?

Global Arbitration Review - Tue, 2016-05-31 07:17

The latest round of tribunals formed at ICSID has seen first-time appointments for English former judge Sir Stanley Burnton QC and French academic Hélène Ruiz Fabri, with second appointments for four others.

Lamb leaves Debevoise for Latham

Global Arbitration Review - Fri, 2016-05-27 11:41

Sophie Lamb is leaving Debevoise & Plimpton after eight years to head the development of Latham & Watkins’ international arbitration practice in London.

Shell takes Nigerian oil award to New York

Global Arbitration Review - Fri, 2016-05-27 11:25

An oil consortium led by Royal Dutch Shell has applied to a US court to enforce a US$1.4 billion award against the Nigerian National Petroleum Corporation, four years after a court in Abuja ordered the suspension of the underlying arbitration.

SIAC marks silver jubilee with new rules

Global Arbitration Review - Fri, 2016-05-27 08:13

The Singapore International Arbitration Centre has marked its 25th anniversary by unveiling a new set of arbitration rules.

GAR Live lookback: force majeure and the impossibility to perform – shades of grey

Global Arbitration Review - Fri, 2016-05-27 07:23

Force majeure clauses don’t change much contract to contract – yet national laws can differ widely on the same. Should force majeure clauses always be interpreted the same way – or is that simply impossible? This and other fundamental questions for oil and gas players were debated in detail by Philippe Pinsolle and his panel at GAR Live Energy Disputes 2015.

"A judicial land grab"? GAR Live reacts to Lord Chief Justice's proposal

Global Arbitration Review - Thu, 2016-05-26 13:43

The latest GAR Live London saw delegates react to the proposal of the Lord Chief Justice of England and Wales that the courts’ power to review points of law in international arbitration be expanded so that the development of the common law in the commercial field is not stifled.

Kirby issues emergency order in Mexican port dispute

Global Arbitration Review - Thu, 2016-05-26 09:38

Paris-based arbitrator Jennifer Kirby has issued an order under the ICC’s emergency arbitrator procedure in favour of Mexican construction group ICA in a dispute over a terminated contract to build a port terminal.

GAR Live London: in pictures

Global Arbitration Review - Thu, 2016-05-26 08:43

GAR Live London was held on 18 May at the offices of Freshfields Bruckhaus Deringer, and was co-chaired by Sylvia Noury of Freshfields and Jason Fry of Clifford Chance. Photos of the event are now available.

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