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Rajoo and Comair-Obeid in line as CIArb presidents

Tuesday, 25 November 2014

Sundra Rajoo and Nayla Comair-Obeid

The Chartered Institute of Arbitrators has elected the director of the Kuala Lumpur Regional Arbitration Centre, Sundra Rajoo, and Lebanese-French arbitrator Nayla Comair-Obeid, as its presidents for 2016 and 2017.

CIETAC launches new rules for mainland China and Hong Kong

Tuesday, 25 November 2014

CIETAC website

The China International Economic and Trade Arbitration Commission has unveiled new rules for arbitrating in mainland China and Hong Kong, two years after its last rules revision prompted its Shanghai and Shenzhen branches to break away.

Kyrgyzstan quashes CIS treaty award in Russia

Tuesday, 25 November 2014

The hotel Aurora near Lake Issyk-Kull, site of OKKV's investment

A Russian court has set aside the first of three arbitral awards rendered against Kyrgyzstan under a regional treaty between members of the Commonwealth of Independent States.

ICSID annulment committees: the elephant in the room

Monday, 24 November 2014

The elephant in the room

As ICSID prepares to mark its 50th anniversary next year, investment arbitration specialist Hamid Gharavi of Derains & Gharavi in Paris says it is time to talk about serious shortcomings in the centre’s rules on annulment proceedings – a rare act of public criticism by a frequent user of the centre.

Venezuela held liable in island airport claim

Monday, 24 November 2014

Puerto Cruz beach, Margarita

An ICSID tribunal has ordered Venezuela to pay around US$34 million to investors in a Caribbean island airport after holding the state liable for expropriation and denial of justice.

Hungary voucher claim heads to the merits

Monday, 24 November 2014

Budapest, Hungary

In contrast with the state’s fortunes in other recent ICSID cases, a tribunal hearing a voucher company’s treaty claim against Hungary has refused to summarily dismiss non-expropriation claims or consider jurisdictional questions separately from the merits.

The Miculas are back

Friday, 21 November 2014

The Miculas

Twin brothers Ioan and Viorel Micula – who won a US$250 million ICSID award against Romania in 2012 – have filed a fresh claim over its failure to police the alcohol black market, while the state also faces new claims under the Energy Charter Treaty.

DIFC Court of Appeal upholds expanded jurisdiction

Friday, 21 November 2014

The Meydan Hotel, Dubai

The Court of Appeal of the Dubai International Financial Centre has confirmed that an award arising from a hotel management dispute with no connection to the financial freezone can be enforced there.

Judge arbitrators: curse or cure?

Friday, 21 November 2014

Jagusch, a career arbitrator

Judge arbitrators have a bad image but in fact provide a much-needed antidote to weak career arbitrators, who are the true curse of the arbitral process, argued Stephen Jagusch at an event in London.

GAR Live Dubai tackles enforcement in the region

Thursday, 20 November 2014

The opening GAR Live panel (on enforcement)

Practitioners from Bahrain, Egypt, Qatar, Saudi Arabia and the United Arab Emirates spoke at the first GAR Live Dubai – tackling enforcement of arbitral awards in the region among other sensitive issues.

IBM lawsuit stayed in favour of ICC claim

Thursday, 20 November 2014

ibm

A US court has stayed Mexican telecoms company Iusacell’s US$2.5 billion lawsuit against IBM pending the outcome of an ICC arbitration in Mexico City.

Co-arbitrators give verdict on Griffith’s funding comments

Thursday, 20 November 2014

Gavan Griffith SC was appointed to the tribunal by St Lucia

GAR has obtained a copy of the decision declining to disqualify Australian arbitrator Gavan Griffith QC from an ICSID case against St Lucia over views he expressed that claimants backed by third-party funders should be liable for security for costs in investor-state cases.

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