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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.

Latvian roof collapse leads to threat of ICSID claim

Latvian roof collapse leads to threat of ICSID claim

Premium article - 01 June 2016

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.

Panel forbids duplicate claims in Egyptian gas dispute

Panel forbids duplicate claims in Egyptian gas dispute

Premium article - 25 May 2016

UPDATED: An ICSID tribunal has ruled that a group of gas investors did not act in bad faith by bringing claims against Egypt in multiple arbitrations but that they cannot pursue duplicate claims over the same shares in two treaty cases.

AES moves to enforce Argentine gas exports award

AES moves to enforce Argentine gas exports award

Premium article - 23 May 2016

Argentina’s national oil and gas company YPF is facing US enforcement proceedings after an ICC tribunal ordered it to pay US$504 million plus interest for breaching contracts relating to the export of natural gas to Brazil.

Burundi claim leads to Pyrrhic victory

Burundi claim leads to Pyrrhic victory

Premium article - 15 April 2016

An ICSID tribunal has found Burundi liable for failing to prevent the occupation of a Belgian businessman’s property by squatters, but awarded him only half the amount that he spent in bringing the arbitration.

Naftogaz threatens treaty claim over Crimea

Naftogaz threatens treaty claim over Crimea

Premium article - 22 February 2016

Ukraine’s national gas company has threatened to bring an investment treaty claim against Russia over the seizure of its assets in Crimea – adding to the list of disputes arising from the Russian annexation of the peninsula in 2014.