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Ecuador held liable over tax on oil profits

Friday, 25 July 2014

Quito

An ICSID panel has upheld claims by Bahamian company Perenco over Ecuador’s 99 per cent tax on windfall oil profits, the state has announced.

Romania to file ICC claim against Italy’s Enel

Friday, 25 July 2014

Electrcty pylons

Romania has stated its intent to file an ICC claim against Enel over the privatisation of an electricity distribution company, as the Italian energy company announces plans to sell off assets.

ICC-YAF names new leaders

Friday, 25 July 2014

The ICC's new European Regional Coordinating Committee

The ICC International Court of Arbitration’s Young Arbitrators Forum has announced the names of the committee members who will coordinate its regional activities for the next two years.

Eversheds recruits from Winston

Friday, 25 July 2014

Matthew Page

Eversheds has added to its team in London with the hire of solicitor advocate Matthew Page, who joins from Winston & Strawn.

Will NHS case put arbitration under scrutiny?

Thursday, 24 July 2014

Danny Boyle's opening ceremony at the London 2012 Olympics paid homage to the NHS, Britain's taxpayer-funded free health service established in 1946

UPDATED. A case that could leave the UK's National Health Service with a £700 million bill looks set to raise questions about the use of arbitration to resolve disputes affecting the public purse.

Building group to sue over Qatar hospital

Thursday, 24 July 2014

The Sidra centre as it is expected to look

A Spanish-Egyptian joint venture is bringing an ICC claim against a Qatari state-backed entity over the cancellation of a €1.7 billion contract to build a medical centre in Doha.

New York court disqualifies arbitrator from BP and Statoil cases

Thursday, 24 July 2014

The Greater Kashagan field

In a case that raises questions over the correct application of federal and state law when it comes to setting aside arbitral awards, a New York state court has disqualified an arbitrator from two cases concerning the distribution of profits from a Kazakh oilfield.

NAFTA claim puts Mexico’s courts in the dock

Wednesday, 23 July 2014

The Mexican flag

A NAFTA tribunal has begun hearing a US$465 million claim by US engineering company KBR against Mexico over the annulment of a commercial arbitration award in the Mexican courts.

ICSID registers claim against Ukraine

Wednesday, 23 July 2014

Ukrainian Flag

As Ukraine reacts to the downing of Malaysian Airlines flight MH17, ICSID has registered a new claim against the state.

New Zealand court stays baby milk case to await award

Wednesday, 23 July 2014

Danone's baby milk brands include Aptamil and Cow & Gate.

New Zealand’s High Court has stayed litigation brought by French dairy company Danone over lost sales of baby milk during a botulism scare until an award is rendered in an arbitration in Singapore.

Plea to EU over Slovakian “retaliatory measures”

Tuesday, 22 July 2014

Slovakia acceded to the EU in 2004

Lead counsel to two North American mining companies has written to the European Commission accusing Slovakia of “outrageous retaliatory measures” in response to their recently filed ICSID claim against the state.

Singapore court addresses ‘flaw’ in FIDIC procedure

Tuesday, 22 July 2014

The Merlion of Singapore

Singapore’s High Court has upheld an ICC tribunal’s right to give effect to an adjudication decision as an interim award – the latest ruling to address an alleged shortcoming in FIDIC’s disputes procedures.

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