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Burford lands big win in airlines case

Burford lands big win in airlines case

24 July 2017

An ICSID tribunal has ordered Argentina to pay more than US$320 million plus interest for nationalising two airlines more than a decade ago - with the claimants' third-party funder Burford Capital set to receive around US$140 million from the award.

US appeal court upholds award "de-enforcement"

US appeal court upholds award "de-enforcement"

24 July 2017

A US appeal court has upheld a lower court's controversial decision to reverse its own enforcement of a US$57 million UNCITRAL award against Laos after it was set aside at the seat of arbitration, Malaysia.

Kosovo faces second ICSID claim

Kosovo faces second ICSID claim

24 July 2017

Kosovo is facing its second ICSID claim - brought by a Swiss construction company owned by the former president of the disputed territory in a dispute over the acquisition of shares in a tourism venture.

Another award in Finnish nuclear power plant dispute

Another award in Finnish nuclear power plant dispute

22 July 2017

A further partial award has been issued in a Stockholm ICC dispute over the building of a Finnish nuclear power reactor that is now said to be worth €7 billion - but there is at least one more to come before the final award.

Former Freshfields lawyer switches chambers in London

Former Freshfields lawyer switches chambers in London

21 July 2017

A former associate at Freshfields Bruckhaus Deringer, who moved to the London bar in 2014 and practises investment treaty and commercial arbitration, has left Doughty Street Chambers for 3 Verulam Buildings.

Brazilian arbitrator spared "misconduct" action in Chile

Brazilian arbitrator spared "misconduct" action in Chile

21 July 2017

Brazilian practitioner Valeria Galíndez has been spared a court action in Chile in which she was accused of misconduct as part of a bid to overturn an ICC award she issued as sole arbitrator.

Ecuador again fails to annul awards in pollution battle with Chevron

Ecuador again fails to annul awards in pollution battle with Chevron

21 July 2017

Ecuador has once again failed to annul a set of interim and partial awards in favour of US oil company Chevron in The Hague, ahead of the merits phase of an UNCITRAL case relating to oil pollution in the Amazon rainforest.

Kaufmann-Kohler places curbs on Kyrgyzstan

Kaufmann-Kohler places curbs on Kyrgyzstan

21 July 2017

Swiss arbitrator Gabrielle Kaufmann-Kohler has ordered Kyrgyzstan to provide notice before resurrecting environmental claims against a Canadian mining company, as an UNCITRAL arbitration between the parties proceeds.

White & Case fined over conflict of interest in oligarch dispute

White & Case fined over conflict of interest in oligarch dispute

20 July 2017

White & Case has been fined £250,000 in the UK for failing to identify a conflict of interest in a US$2 billion dispute over Ukrainian iron assets - while a senior arbitration partner known for Russia-related work was personally fined £50,000 for his role.

Uzbekistan faces ICSID claim in textiles dispute

Uzbekistan faces ICSID claim in textiles dispute

20 July 2017

Three Turkish investors in a textile enterprise have brought an ICSID claim against Uzbekistan, one of the world's largest producers of cotton, after it allegedly reneged on a promise to sell at discounted prices.