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Belize’s unlucky streak continues in DC

Global Arbitration Review - Mon, 2016-06-13 11:00

A bank controlled by UK peer Lord Ashcroft has had an LCIA award against Belize confirmed by a court of Washington, DC – the latest in a series of US enforcement decisions against the Central American state.

West African set-aside decision not against US public policy, says court

Global Arbitration Review - Fri, 2016-06-10 13:04

A court in Washington, DC, has refused to confirm and enforce an award against Guinea that was controversially set aside by a West African court after the arbitrators agreed a fee rise with the parties.

SIAC plans opening in Gujarat's GIFT City

Global Arbitration Review - Fri, 2016-06-10 11:49

The Singapore International Arbitration Centre has announced plans to open a representative office in a new city in Gujarat conceived by India's prime minister Narendra Modi as the country’s first financial services and tech hub.

Welcoming Istanbul’s new rules: an interview with Ziya Akinci and Jean-Claude Najar

Global Arbitration Review - Fri, 2016-06-10 11:46

GAR Live Istanbul on 24 June will introduce the recently unveiled rules of the Istanbul Arbitration Centre – ISTAC – to a global audience. GAR sat down with ISTAC's president Ziya Akinci and Lazareff Le Bars partner Jean-Claude Najar, who are co-chairing the event, to talk about the rules and the city’s future as an arbitral centre.

ICSID panel investigates Bangladesh corruption claim

Global Arbitration Review - Thu, 2016-06-09 12:33

An ICSID tribunal has agreed to examine new allegations of corruption against Canada’s Niko Resources but says the oil and gas producer is entitled to immediate payment of more than US$35 million for gas deliveries to Bangladeshi state entity Petrobangla.

Libya cruise ship award kept afloat by English court

Global Arbitration Review - Thu, 2016-06-09 11:23

The English High Court has declined to set aside an ICC award in favour of France's leading builder of cruise ships, which resold a vessel ordered by Libya’s former leader Muammar Gadaffi following the outbreak of the Arab Spring and Libyan Civil War.

UNCTAD’s overview of 2015 reflects Spain claims

Global Arbitration Review - Thu, 2016-06-09 10:25

UNCTAD has said that the overall number of publicly known invedtor-state arbitration claims reached 696 in 2015, including a record 70 new filings, many brought by solar investors against Spain.

Hong Kong appeal court agrees with comity concerns

Global Arbitration Review - Thu, 2016-06-09 08:56

Hong Kong’s Court of Appeal has upheld a lower court’s refusal to halt court proceedings in mainland China on grounds of comity as well as culpable delay.

GAR Live Lookback: recent treaty cases and the damages fog

Global Arbitration Review - Thu, 2016-06-09 03:42

Recently, there have been a number of eye-catching treaty awards – US$50 billion awarded to the shareholders of Yukos and US$750 million to Canada’s Gold Reserve against Venezuela – but how the tribunals arrived at those figures was unclear. At GAR Live Energy Disputes 2015, Matthew Weiniger QC and others sought to make sense of the awards and asked whether arbitrators are being transparent enough when awarding damages in treaty claims. If they are not, how does that affect the legitimacy of investment arbitration?

Canada hit with first BIT claim

Global Arbitration Review - Wed, 2016-06-08 11:46

After 20 years of NAFTA cases, Canada has been hit with its first known claim under a bilateral investment treaty, brought at ICSID by an Egyptian telecoms company that once had a stake in the country's fourth-largest mobile operator.

GE gets red light for claim against Alstom

Global Arbitration Review - Wed, 2016-06-08 09:57

A New York court has temporarily restrained General Electric from pursuing an ICC claim against French transport group Alstom over the US$800 million sale of a rail-signalling business, also calling a halt to emergency arbitrator proceedings.

Baker & McKenzie recruits in New York and Dubai

Global Arbitration Review - Wed, 2016-06-08 09:14

Baker & McKenzie has added two to its partnership: former K&L Gates partner JP Duffy in New York and former Norton Rose Fulbright partner Charlotte Bijlani in Dubai.

Speed skating appeal puts CAS on surer footing

Global Arbitration Review - Tue, 2016-06-07 12:10

In a landmark ruling for sports arbitration, Germany’s highest court has ruled that agreements to refer disputes between athletes and sporting bodies to the Court of Arbitration for Sport are valid, rejecting arguments by champion speed skater Claudia Pechstein relating to a doping ban upheld by CAS six years ago.

Ethiopian court hears challenge to PCA award

Global Arbitration Review - Tue, 2016-06-07 10:05

A railway company owned by the Djiboutian and Ethiopian governments has won a stay of enforcement of a €20 million award rendered at the Permanent Court of Arbitration, as a court in Addis Ababa considers whether the arbitrators ignored evidence of fraud.

Addleshaw Goddard recruits American in London

Global Arbitration Review - Tue, 2016-06-07 08:57

After 10 years at King & Spalding, energy disputes specialist Sarah Vasani is set to join Addleshaw Goddard’s London office as partner.

Lawn grows taller at Skadden

Global Arbitration Review - Tue, 2016-06-07 06:41

Nicholas Lawn, who is acting for Vodafone and other investors in multibillion-dollar treaty claims against India, has been promoted to counsel in the London office of Skadden Arps Slate Meagher & Flom.

Panama defeats “abusive” hydro claim

Global Arbitration Review - Mon, 2016-06-06 12:15

An ICSID tribunal has thrown out a US company’s claim against Panama over a hydropower concession, calling it an “abuse of the international investment treaty system”.

Ecuador rebuffed by US Supreme Court

Global Arbitration Review - Mon, 2016-06-06 11:12

The United States Supreme Court has said it will not hear Ecuador’s appeal over the confirmation of a US$106 million investment treaty award in favour of Chevron – despite the intervention of Bolivia in support of the petition.

Mexico risks NAFTA claim over mining taxes

Global Arbitration Review - Mon, 2016-06-06 10:16

A Canadian mining group has threatened to bring a NAFTA claim against Mexico in a dispute over tax on revenues from a silver mine – as the company faces a US class action over allegations that it misled its own investors.

Hedge fund claims against Peru over land bonds

Global Arbitration Review - Fri, 2016-06-03 12:07

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.

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