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CIETAC launches investment rules and opens "Silk Road" centre

22 September 2017

To coincide with China Arbitration Week and in preparation for an array of "Belt and Road" disputes, the country's main arbitration provider CIETAC has announced new rules for the handling of investment disputes and the opening of a "Silk Road Arbitration Centre" in Xi'an..

BVI focuses on reconstruction after hurricanes

BVI focuses on reconstruction after hurricanes

22 September 2017

The British Virgin Islands have been spared the full force of Hurricane Maria, the second category 5 hurricane to hit the Caribbean in two weeks, and are now focusing on humanitarian aid and reconstruction - with the arbitration centre providing a hub for disaster relief efforts.

New case ignites over Kurdistan gas settlement

New case ignites over Kurdistan gas settlement

21 September 2017

UAE companies Dana Gas and Crescent Petroleum - which last month settled a US$26 billion dispute with the Iraqi region of Kurdistan - have begun a new arbitration, this time against a minority stakeholder of their consortium which dragged its feet when it came to accepting the deal.

Seven Summits Arbitration launches in Munich

Seven Summits Arbitration launches in Munich

21 September 2017

A former counsel at the ICC International Court of Arbitration and former associate at Freshfields Bruckhaus Deringer in Paris have teamed up to form a boutique in Munich - Seven Summits Arbitration.

Toshiba hit with third ICC claim in flash drive dispute

Toshiba hit with third ICC claim in flash drive dispute

21 September 2017

US data storage company Western Digital has filed a third ICC claim against Toshiba in a dispute over a joint venture to manufacture flash memory drives - as it prepares to sell its memory chip business for US$18 billion.

Pakistan faces US$800 million bill for detaining power ships

Pakistan faces US$800 million bill for detaining power ships

20 September 2017

An ICSID tribunal has ordered Pakistan to pay US$800 million in damages, including interest, to a Turkish company that accused the state of detaining its power generation vessels as a result of a feud between the state's ruling party and the Supreme Court.

Paris association appoints new president

Paris association appoints new president

20 September 2017

UPDATED. As it celebrates its 60th anniversary, the French Arbitration Association has appointed Hughes Hubbard & Reed partner Marc Henry as its new president.

ECJ adviser gives thumbs-up to intra-EU BITs

ECJ adviser gives thumbs-up to intra-EU BITs

19 September 2017

In a closely watched case with implications for nearly 200 treaties, an advocate general of the European Court of Justice has advised that investor-state arbitration provisions in a bilateral investment treaty between the Netherlands and Slovakia are compatible with EU law.

Balkan states face claims in wake of "francogeddon"

Balkan states face claims in wake of "francogeddon"

19 September 2017

Fallout from the Swiss central bank's decision to abandon exchange rate controls in 2015 has led to two Austrian banks filing ICSID claims against Croatia and Montenegro.

HKIAC looks to Shearman & Sterling for second managing counsel

HKIAC looks to Shearman & Sterling for second managing counsel

19 September 2017

The Hong Kong International Arbitration Centre has named former Shearman & Sterling associate Wesley Pang as its second managing counsel, as it expands its secretariat following an upsurge in new cases.