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Turkey and Iran see end to gas price review

Turkey and Iran see end to gas price review

22 November 2016

An ICC tribunal has granted Turkish state pipeline company BOTAŞ a retroactive cut in the price of gas from Iran worth several billion dollars while ordering it to pay part of the Iranian side’s legal and arbitration costs.

French Council of State rules on set-aside powers

French Council of State rules on set-aside powers

16 November 2016

France’s supreme administrative court has ruled for the first time on its power to review international arbitration awards arising from public contracts, partially setting aside an ICC award relating to a liquefied natural gas terminal on the country’s Mediterranean coast.

Telecom Italia sees off US$15 billion claim

Telecom Italia sees off US$15 billion claim

Premium article - 28 October 2016

In one of the largest commercial arbitrations of recent times, Telecom Italia has defeated a US$15 billion ICC claim brought by former business partners in Brazil who alleged they were deceived and coerced into settling a shareholder dispute more than a decade ago.

Jewellers duel in diamond dispute

Jewellers duel in diamond dispute

Premium article - 21 September 2016

A leading diamond retailer has applied to enforce an ad hoc award against its former business partners after an acrimonious arbitration in Israel that was disrupted by a racketeering lawsuit, a rabbinical injunction and the presiding arbitrator’s conviction for an unrelated tax fraud.

ICSID panel asks Cyprus to suspend arrest warrants for Greek bankers

ICSID panel asks Cyprus to suspend arrest warrants for Greek bankers

Premium article - 16 September 2016

UPDATED: An ICSID tribunal has invited Cypriot authorities to temporarily refrain from issuing or executing arrest warrants for four Greek bankers but has refused to order the suspension of criminal proceedings pending an arbitration over the collapse of Cyprus’s second-largest bank.

Fortier fends off another challenge over staff payments

Fortier fends off another challenge over staff payments

Premium article - 14 September 2016

Venezuela must pay costs after failing in another attempt to disqualify Canadian arbitrator Yves Fortier QC from an ICSID case on the basis of his arrangements with Norton Rose Fulbright over the remuneration of his staff.

HKIAC tribunal hears dispute over "The Voice"

HKIAC tribunal hears dispute over "The Voice"

Premium article - 02 September 2016

A dispute over one of China’s most successful television shows, “The Voice of China,” has been playing out in Hong Kong – with three HKIAC arbitrators in the judging seats.

Pakistan defeats treaty claims over gas terminal

Pakistan defeats treaty claims over gas terminal

Premium article - 01 September 2016

An UNCITRAL tribunal has dismissed two treaty claims against Pakistan worth a combined US$573 million, brought by an investor in a liquid petroleum gas terminal and its chairman, a former Iraqi minister.

US used arbitral settlement as “leverage” for prisoners

US used arbitral settlement as “leverage” for prisoners

Premium article - 19 August 2016

The settlement of a longstanding arbitral dispute between the United States and Iran over an aborted arms deal has become a contentious issue in the US presidential election, after the Obama administration admitted that a US$400 million payout to the Middle Eastern state was used as “leverage” to ensure the release of prisoners.

Venezuela claim gets all-clear thanks to MFN

Venezuela claim gets all-clear thanks to MFN

15 August 2016

A majority tribunal has used a most-favoured-nation clause to accept jurisdiction over a previously unreported UNCITRAL claim brought by a subsidiary of US oil company Anadarko against Venezuela.

Bribery prosecution in Romania triggers ICSID claim

Bribery prosecution in Romania triggers ICSID claim

Premium article - 29 July 2016

An insurance and media tycoon convicted of bribing judges by the Romanian courts is the victim of a politically motivated campaign that has denied him urgent medical care, it is alleged in a new ICSID claim against the state.

Iranian oil award survives Israeli challenge

Iranian oil award survives Israeli challenge

Premium article - 27 July 2016

An Israeli state-owned entity has lost its challenge against 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.