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Costa Rica tribunal acknowledges award error

Costa Rica tribunal acknowledges award error

20 April 2017

After rejecting a string of DR-CAFTA claims against Costa Rica last year on jurisdictional grounds, a tribunal has told the parties that the award contains a “factual error” regarding the status of litigation in the country and asked whether they should correct it or terminate the case.

New leaders for young Canadian group

New leaders for young Canadian group

20 April 2017

The Young Canadian Arbitration Practitioners have announced their new executive committee, led by John Siwiec of Perley-Robertson Hill & McDougall in Ottawa, as well as new board members.

Venezuela and Hungary seek to overturn ICSID awards

Venezuela and Hungary seek to overturn ICSID awards

20 April 2017

Venezuela has applied to annul a US$165 million ICSID award in favour of Luxembourg-steelmaker Tenaris over a Chavez-era expropriation, while Hungary has asked an ad hoc committee to review a €23 million award in favour of French corporate services provider Edenred – in both cases adding new counsel to their teams.

Covington promotes member of Naftogaz team

Covington promotes member of Naftogaz team

20 April 2017

Covington & Burling has promoted Erin Thomas, who is part of a team representing Ukrainian oil giant Naftogaz, in a US$2.6 billion investment claim against Russia arising from the annexation of Crimea, to special counsel in New York.

Australia faces another investor-state claim

Australia faces another investor-state claim

20 April 2017

More than a year after seeing off a controversial investment treaty claim by Philip Morris, Australia is facing a claim under a trade agreement from a US power company over the alleged expropriation of turbine generators.

Washington event whets appetite for funding report

Washington event whets appetite for funding report

20 April 2017

The yet-to-be-published findings of an ICCA-Queen Mary task force on third-party funding were discussed at a recent conference in Washington DC, with the co-chairs of the task force William W Park, Catherine Rogers and Stavros Brekoulakis addressing disclosure requirements and the difficulty of defining funding activities.

ICSID panel won’t call in Mounties

ICSID panel won’t call in Mounties

19 April 2017

An ICSID tribunal hearing gas producer Niko Resources’ claim against two Bangladeshi state entities has said it will not ask an Alberta court to compel the sharing of evidence obtained by the Royal Canadian Mounted Police during an investigation of alleged corruption by the claimant.

El Salvador pursues Pac Rim and defeats motorway claim

El Salvador pursues Pac Rim and defeats motorway claim

19 April 2017

As El Salvador freezes the assets of a failed ICSID claimant to collect on a costs award, the state has reported a “new victory” in an unrelated arbitration over a project to extend one of the country’s largest motorways.

Arbitrator's cancelled art purchase prompts injunction request

Arbitrator's cancelled art purchase prompts injunction request

19 April 2017

A Luxembourgish arbitrator and art collector who bought a “unique” work of African American art at Christie’s only to have his purchase cancelled two weeks later has applied to a New York court to prevent its re-auction ahead of an arbitration to determine his ownership rights.

Tatneft takes Ukraine award to London and Moscow

Tatneft takes Ukraine award to London and Moscow

18 April 2017

Russian oil company Tatneft has added London and Moscow to the list of places where it is seeking to enforce a US$144 million investment treaty award against Ukraine.

Canadian province pays out on NAFTA award

Canadian province pays out on NAFTA award

18 April 2017

Canada has paid around US$21 million to a US investor to satisfy a NAFTA award after receiving the funds from the province whose moratorium on wind energy projects sparked the claim.

ICC announces new YAF regional representatives

ICC announces new YAF regional representatives

18 April 2017

The ICC Young Arbitrators Forum has named 60 new regional representatives, including appointments in 10 new countries and multiple names in key regional hubs for the first time.