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Cairo panel rules in Egypt-Israel pipeline dispute

Cairo panel rules in Egypt-Israel pipeline dispute

25 April 2017

A tribunal seated in Cairo has found two Egyptian state entities liable for terminating a deal to supply gas to Israel but has still to rule on damages – part of a multibillion-dollar dispute triggered by the Arab Spring that has given rise to three other arbitrations.

Venezuela appeals confirmation of ICSID award

Venezuela appeals confirmation of ICSID award

25 April 2017

The Venezuelan government has appealed a ruling by a US district court last month that confirmed a US$1.39 billion award in favour of distressed Canadian mining company Crystallex.

Dominican Republic wins costs after real estate investor withdraws

Dominican Republic wins costs after real estate investor withdraws

25 April 2017

A property investor has been ordered to pay costs to the Dominican Republic after withdrawing a treaty claim against the state on the ground that conducting the arbitration in two languages was financially unviable.

Swatch appeal goes like clockwork

Swatch appeal goes like clockwork

25 April 2017

The Amsterdam Court of Appeal has reinstated a US$450 million award in favour of Swiss watchmaker Swatch against US jeweller Tiffany that was set aside two years ago.

Promotion in Perth for Clifford Chance

Promotion in Perth for Clifford Chance

25 April 2017

Clifford Chance has promoted Perth-based international arbitration specialist Sam Luttrell to the partnership.

Romania faces environmental claim at ICC

Romania faces environmental claim at ICC

25 April 2017

Austrian oil and gas group OMV has filed a €34 million ICC claim against Romania for failing to pay environmental clean-up costs as agreed during a privatisation deal 12 years ago.

From ICSID to UNCITRAL: Pey Casado saga to continue in different guise

From ICSID to UNCITRAL: Pey Casado saga to continue in different guise

24 April 2017

ICSID’s longest-running case could be at an end, after Victor Pey Casado asked the centre to terminate outstanding proceedings against Chile – but the Spanish newspaper publisher has now started an UNCITRAL case in its place.

Georgia risks treaty claim over electricity tariffs

Georgia risks treaty claim over electricity tariffs

24 April 2017

A Russian energy company has threatened to bring an investment treaty claim against Georgia over its refusal to allow an increase in electricity tariffs in compensation for the country’s currency depreciation.

Malaysia’s 1MDB settles LCIA claim

Malaysia’s 1MDB settles LCIA claim

24 April 2017

Scandal-plagued Malaysian sovereign wealth fund 1MDB has agreed to settle a US$6.5 billion LCIA dispute with a United Arab Emirates investment fund against the backdrop of anti-corruption investigations in multiple jurisdictions.

GAR ART adds new tranche of names

GAR ART adds new tranche of names

24 April 2017

GAR’s Arbitrator Research Tool has received its first infusion of new names – nine in all – giving fresh insights as to the approaches of some well known figures.

Can’t pay, won’t pay

Can’t pay, won’t pay

24 April 2017

Cash-strapped parties in disputes – or those simply unwilling to pay – were the subject of a seminar for young arbitration practitioners in Seoul, who discussed the use that can be made of orders for security for costs and third party-funding, as well as freezing orders to prevent them from hiding or dissipating assets.

South Africa mulls Model Law

South Africa mulls Model Law

21 April 2017

South Africa’s parliament is to consider a long-awaited international arbitration bill adopting the UNCITRAL Model Law and modernising the procedure for the enforcement of foreign awards.