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Enforcement sought against Guinea in the US

Tuesday, 30 September 2014

The arbitration was seated in Abidjan, Ivory Coast

A subsidiary of French logistics group NCT Necotrans, which won a €38 million OHADA award against Guinea earlier this year, has moved to enforce the award in the US.

Bhutan and Guyana sign New York Convention

Tuesday, 30 September 2014

The flags of Bhutan and Guyana

The Himalayan kingdom of Bhutan and the Caribbean state of Guyana have become the latest countries to sign the New York Convention, bringing its total number of state parties to 152.

Panel rules on Ecuador’s windfall oil profits tax

Tuesday, 30 September 2014

Yasuni National Park in the Ecuadorian Amazon

An ICSID tribunal has published its reasons for upholding a Bahamian oil company’s claims against Ecuador over a 99 per cent tax on windfall profits, but has still to rule on damages.

Dutch Supreme Court upholds Chevron award

Monday, 29 September 2014

Chevron

The Dutch Supreme Court has upheld a US$96 million award in favour of US oil company Chevron against Ecuador.

ICSID panel maintains stay on Oxy award

Monday, 29 September 2014

The volcano Cotopaxi in the Ecuadorean capital of Quito

An ICSID committee has held it would be “premature” to allow Occidental Petroleum to pursue partial enforcement of a US$2.3 billion award against Ecuador, despite the oil company’s concern that the state is poised to enforce a local tax judgment against it.

Romania sues Italian energy group

Monday, 29 September 2014

Enel

Romania’s energy ministry has made good on threats to bring an ICC claim against Italy’s Enel in a dispute over shares in a privatised electricity distributor.

Contributors sought for GAR’s treaty know-how section

Monday, 29 September 2014

In something of a first, GAR is throwing its doors open to budding writers with an interest in investment treaties to help us complete a project. See your work appear in GAR. Anyone may apply.

EU off the hook over herring ban

Friday, 26 September 2014

Herring

The Faroe Islands has dropped a claim against the European Union over a ban on herring exports, bringing an end to a short-lived case at the Permanent Court of Arbitration.

RSM v St Lucia: Why the tribunal is to be applauded for security for costs order

Friday, 26 September 2014

Gavan Griffith QC: controversial

In a response to a recent article in GAR, Peter Griffin of London-based investment claims consultancy Slaney Advisors writes that the CEO of Burford Capital’s criticism of a majority ICSID tribunal for awarding security for costs in RSM v St Lucia – and particularly his castigation of Australian arbitrator Gavan Griffith QC – is “regrettable”.

Cherie Blair makes arbitration a focus

Friday, 26 September 2014

Cherie Blair

Cherie Blair QC is to leave Matrix Chambers, the London barristers' set she co-founded 14 years ago, to focus on international legal and advisory work and to sit as an international arbitrator.

Tribunal secretary to wed Hollywood star

Friday, 26 September 2014

Amal Alamuddin

The assistant to the arbitral tribunal hearing an investment treaty claim against Ecuador at the Permanent Court of Arbitration, Amal Alamuddin, is to marry one of Hollywood’s leading men, George Clooney, in Venice this weekend.

Niko wins claim over Bangladesh gas payments

Thursday, 25 September 2014

Dhaka, Bangladesh

Canada-based Niko Resources has won US$27 million plus interest in an ICSID claim against a Bangladeshi state entity over non-payment for gas deliveries, but the tribunal has yet to rule on the claimant’s liability for two gas-field blowouts.

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