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Rio panel hears Venezuelan frigates claim

Wednesday, 1 October 2014

The Mariscal Sucre, one of two Venezuelan naval frigates at the heart of the dispute

A tribunal in Rio de Janeiro is hearing a US$450 million dispute between a US shipbuilder and Venezuela’s ministry of defence, more than a decade after the claim was filed.

Covington promotes Chilean in New York

Wednesday, 1 October 2014

Nicole Duclos

Covington & Burling has promoted of counsel Nicole Duclos to its partnership in New York, a year after the Chilean national joined the firm from Allen & Overy.

Adjudication a mandatory step for FIDIC disputes, Swiss court says

Wednesday, 1 October 2014

The dispute arose out of a contract for the restoration of 76km of Romanian roads

Switzerland’s highest court has ruled that the dispute resolution procedures of the International Federation of Consulting Engineers (FIDIC) mandate that parties take their disputes to adjudication before beginning arbitration proceedings.

Energy trader sues Romanian state entity

Wednesday, 1 October 2014

Vidraru hydroelectric dam in Romania

A Swiss energy trader has filed an €80 million claim against Romania’s largest electricity producer over the termination of a supply contract.

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.

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