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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.

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.