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Emergency arbitrators at odds over Moldovan bank measures

Emergency arbitrators at odds over Moldovan bank measures

Premium article - 18 July 2016

A Russian investor has won emergency relief from the Stockholm Chamber of Commerce, requiring Moldova to halt the cancellation of its shares in a local bank – two weeks after another investor’s request for similar relief was denied.

Peru pollution claim falls foul of waiver clause

Peru pollution claim falls foul of waiver clause

Premium article - 18 July 2016

An UNCITRAL tribunal has refused jurisdiction over a claim against Peru concerning environmental pollution after finding that the investor failed to comply with a treaty requirement by reserving its rights to pursue claims in other fora.

Iraq inquiry shows sparks between Wood and Straw

Iraq inquiry shows sparks between Wood and Straw

Premium article - 13 July 2016

Arbitration practitioner Sir Michael Wood QC clashed with former UK foreign secretary Jack Straw over the legal basis for the 2003 invasion of Iraq, the Chilcot report shows.

Uruguay defeats Philip Morris claim

Uruguay defeats Philip Morris claim

Premium article - 11 July 2016

An ICSID tribunal has rejected a claim by tobacco producer Philip Morris against Uruguay, upholding the state’s right to regulate the packaging of cigarettes on public health grounds.

Italian ICSID claimants avoid extradition from UK

Italian ICSID claimants avoid extradition from UK

Premium article - 08 July 2016

An English criminal court has stayed an extradition proceeding initiated by Albania against two UK-based Italian businessmen, including the owner of London football club Leyton Orient – in line with the ground-breaking order of an ICSID tribunal.

Kurdish oil fraud claim dries up in London

Kurdish oil fraud claim dries up in London

Premium article - 04 July 2016

The High Court in London has ruled on a US$500 million fraud claim concerning an oil deal in Iraq’s Kurdistan region – a dispute that gave rise to an ICC case and evidence of unexplained payments to the son of the country's former president.

Telecom Italia sees off Brazilian fraud claim

Telecom Italia sees off Brazilian fraud claim

Premium article - 01 July 2016

An ICC tribunal has dismissed a fraud claim against a Brazilian mobile operator owned by Telecom Italia relating to a merger deal with a prominent Rio de Janeiro businessman.

ICC begins publishing arbitrator names

ICC begins publishing arbitrator names

Premium article - 28 June 2016

For the first time in its 93-year history, the ICC International Court of Arbitration has begun disclosing the composition of its tribunals – calling it a “major step forward” for transparency in arbitration.

Fight over Venezuela award leads to extradition request

Fight over Venezuela award leads to extradition request

Premium article - 27 June 2016

A London executive at US distressed-debt investor Oaktree Capital risks extradition to the United Arab Emirates after being accused of stealing part of the proceeds of a US$644 million arbitral award against Venezuelan state entity PDVSA.

Malaysian state fund faces claim over debt bailout

Malaysian state fund faces claim over debt bailout

Premium article - 14 June 2016

UPDATED: Embattled Malaysian sovereign wealth fund 1MDB has been hit with a US$6.5 billion LCIA claim from a UAE state entity for allegedly reneging on a bailout deal in the wake of a scandal over missing funds.

ICSID panel investigates Bangladesh corruption claim

ICSID panel investigates Bangladesh corruption claim

Premium article - 09 June 2016

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.

Ecuador to pay for mine seizures but violence prompts damages cut

Ecuador to pay for mine seizures but violence prompts damages cut

Premium article - 02 June 2016

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.