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Europe to embark on talks for first EU-wide BIT

Friday, 24 May 2013

The proposed BIT is between the EU and China

The European Commission has asked EU member states to agree to it opening negotiations with China to enter the first EU-wide bilateral investment treaty, exercising the exclusive competence over foreign direct investment conferred on it by the Lisbon Treaty.

Chinese arbitrator resigns from Zimbabwe claims

Friday, 24 May 2013

Zimbabwe's President Robert Mugabe ordered the controversial land reforms in 2000

Two ICSID claims against Zimbabwe have been put on hold after China’s An Chen became the second state-appointed arbitrator to resign from the tribunal hearing both matters.

An excess of politeness: Swiss court upholds Cemex award

Friday, 24 May 2013

Switzerland's Supreme Court in Lausanne

How polite is too polite when making a complaint to an arbitral panel? The Swiss Supreme Court has thrown out an Austrian company’s challenge to an ICC award worth €40 million, holding that it did not raise due process concerns about the non-appearance of a witness in the arbitration forcefully enough.

Libananco saga at an end

Thursday, 23 May 2013

Victory Day celebrations in Turkey

An ICSID award dismissing a US$10 billion Energy Charter Treaty claim against Turkey has been upheld by an ad hoc annulment committee – ending what has been called the largest case in the centre's history in monetary terms.

Peru fends off Argentine treaty claim

Thursday, 23 May 2013

Peruvian president Ollanta Humala attending the tearing down of tollbooths on the expressway last year

An ICSID tribunal has thrown out an Argentine roadbuilder's US$125 million claim against Peru in its entirety – the state's second victory at the World Bank centre in the past few weeks.

Finnish rules undergo overhaul

Thursday, 23 May 2013

Finlandia Hall in Helsinki, where yesterday's Helsinki Arbitration Day took place

The Arbitration Institute of the Finland Chamber of Commerce – which, at 102 years old, is older than Finland itself – is introducing a new set of rules to modernise its arbitration offering.

US sides with Argentina in BG appeal

Wednesday, 22 May 2013

Argentine president Cristina Kirchner and US president Barack Obama

The US government has declined to support UK gas provider BG Group's bid to enforce a US$185 million investment treaty award against Argentina in the US courts, arguing in an amicus brief that the case is "unlikely to have any significant impact".

Yulchon hires from Shin & Kim

Wednesday, 22 May 2013

David Yang

South Korean law firm Yulchon has recruited Latin American specialist David Yang as a partner in Seoul.

Book now for GAR Live Istanbul

Wednesday, 22 May 2013

A cocktail reception on the Bosphorus river will conclude GAR Live Turkey 2013

Are in-house counsel to blame for increasing delays and costs? What is the status of arbitration enforcement in the Middle East? And can Turkey emerge as a leading venue? These questions and more will be discussed at next month's GAR Live Istanbul: the early-booking rate expires this Friday.

ICC builds link with Toronto ahead of New York opening

Wednesday, 22 May 2013

Toronto at dusk

With a date yet to be confirmed for the opening of the New York branch of its secretariat, the ICC International Court of Arbitration has entered a memorandum of understanding with Toronto-based hearing centre Arbitration Place, paving the way for the conduct of ICC arbitrations at the venue.

YIAG announces regional reps

Wednesday, 22 May 2013

YIAG logo

The LCIA’s Young International Arbitration Group has announced its new regional representatives as it prepares to install new leaders.

Albania faces Energy Charter Treaty claim

Monday, 20 May 2013

KESH's Fierze Diga hydroelectric dam in Albania

Czech electricity distributor CEZ has brought an Energy Charter Treaty claim against Albania, as it emerges that the company is also the respondent in an unrelated ICC dispute with a Romanian state entity.

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