20 January 2017
UPDATED. An English court has rejected a request by Romania to set aside the registration of an ICSID award in favour of twin brothers Ioan and Viorel Micula – but stayed the enforcement pending the outcome of ongoing proceedings in the European courts.
19 January 2017
A mansion in New York’s affluent Upper East Side opposite Central Park has been attached by a court to satisfy a US$46 million award against the West African state of Niger in a dispute over a contract to produce biometric and electronic passports.
18 January 2017
A British Virgin Islands-registered commodities group has applied to a court in Miami to enforce a partial award that orders a Venezuelan state mining company to pay security for costs while a US$212 million dispute over iron ore is resolved.
21 December 2016
The English Court of Appeal has upheld a US$84 million LCIA award against a former Russian politician in a dispute over a Moscow mall, only a month after a court in Los Angeles imposed a worldwide freeze on his assets in support of the award.
20 December 2016
An ICSID annulment committee has rejected Argentina’s request to annul a US$59 million award in favour of French water management company Saur International.
16 December 2016
Spanish investment funds with a minority shareholding in Yukos will not be able to appeal a finding that a tribunal chaired by Jan Paulsson lacked jurisdiction to hear their claims in relation to the collapse of the oil company, following a ruling of Sweden’s Supreme Court this week.
14 December 2016
A Hong Kong court has refused to allow AIG to appeal a decision to uphold a US$475 million award despite the US insurer’s arguments that the ICC tribunal erred by applying equitable principles to reach a “fair” decision.
12 December 2016
A Swedish court has refused a request by Kazakhstan to set aside a US$506 million Energy Charter Treaty award in favour of a group of Moldovan investors that the state alleged was tainted by fraud.
12 December 2016
Germany’s Federal Court of Justice has upheld a €45 million award against Thailand, accepting evidence provided by the German government that the claimant had an approved investment protected by a treaty.
07 December 2016
In a closely watched case that has divided Asia’s two leading arbitration jurisdictions, Hong Kong’s Court of Appeal has upheld the enforcement of a US$130 million SIAC award against Indonesia’s Lippo Group – even though the bulk of the award has been declared unenforceable by the courts in Singapore.