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Enforcement and Set-Aside

UK considers Iran award payout to free imprisoned charity worker

UK considers Iran award payout to free imprisoned charity worker

16 November 2017

The UK is reported to be exploring ways to make good on a £400 million award issued in favour of Iran’s defence ministry 16 years ago despite EU sanctions against the state, as it negotiates the release of a British-Iranian charity worker imprisoned in Tehran for subversive activity.

Pakistan fights bid to revive treaty claims as funder is revealed

Pakistan fights bid to revive treaty claims as funder is revealed

16 November 2017

An English court has ruled that a bid to revive a pair of investment treaty claims against Pakistan worth US$640 million deserves a full hearing – as the role of a third-party funder in the dispute comes to light.

Croatia bribery award comes to light

Croatia bribery award comes to light

10 November 2017

An award rejecting Croatia’s claim that a Hungarian oil company bribed its longest-serving prime minister Ivo Sanader has come to light through a US court filing – with the tribunal branding the allegations against him implausible.

Miculas bring new action against Romania in DC

Miculas bring new action against Romania in DC

08 November 2017

Swedish brothers Viorel and Ioan Micula have returned to the courts in Washington, DC, to seek enforcement of their US$252 million ICSID award against Romania – two weeks after its confirmation in New York was reversed by an appeal court.

Korean satellite award comes to light – with Born dissent

Korean satellite award comes to light – with Born dissent

08 November 2017

CORRECTED. A Bermudan satellite operator’s partial win in an ICC dispute with a former state-owned South Korean telecommunications company has come to light through New York enforcement proceedings, along with a “conscience”-driven dissenting opinion by leading arbitrator Gary Born.

Hong Kong’s top court won’t hear challenge to award against US insurer

Hong Kong’s top court won’t hear challenge to award against US insurer

06 November 2017

Hong Kong’s highest court has refused to hear a challenge to the constitutionality of the territory’s arbitration ordinance by AIG, as the US insurer seeks to set aside an ICC award ordering the return of a US$475 million sale deposit.

Russia’s top court declines Ukraine’s appeal over treaty award

Russia’s top court declines Ukraine’s appeal over treaty award

03 November 2017

The Russian Supreme Court has declined to hear an appeal by Ukraine over the enforcement of an investment treaty award now worth US$144 million in favour of Russian oil producer Tatneft – allowing enforcement efforts in Russia to continue.

Yukos shareholders abandon Belgian front

Yukos shareholders abandon Belgian front

02 November 2017

Weeks after dropping their attempt to enforce a US$50 billion Energy Charter Treaty award against Russia in the French courts, the former majority shareholders in Yukos have announced they will abandon similar efforts in Belgium.

ICSID panel bars ancillary claim against Laos

ICSID panel bars ancillary claim against Laos

Premium article - 31 October 2017

An ICSID tribunal hearing the latest iteration of a five-year dispute over a casino in Laos has blocked the claimants from introducing an “ancillary” claim concerning the Lao courts’ refusal to recognise a US$270 million SIAC award.

Tata pays out on billion-dollar LCIA award

Tata pays out on billion-dollar LCIA award

Premium article - 31 October 2017

Japanese telecoms company NTT Docomo says it has received a US$1.28 billion payment from India’s Tata Sons to satisfy an LCIA award relating to a short-lived internet services partnership.