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.
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.
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.
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.
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.
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.
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.
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.
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.
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.