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Pakistan seeks annulment of US$6 billion award

Pakistan has applied to annul an ICSID award ordering it to pay US$5.9 billion to an Australian mining venture for the denial of a lease to mine a valuable copper and gold deposit – citing alleged defects in the award and a failure to apply Pakistani law to corruption allegations.

Bangladesh risks ICSID claim over telecoms audit

Norwegian telecoms group Telenor has reportedly threatened Bangladesh with an ICSID claim after its local subsidiary was hit with a US$1.5 billion tax demand.

Farren joins Omnia

Former managing director at third-party funder Vannin Capital Ania Farren has joined the partnership at London disputes boutique Omnia Strategy – where she will join newly promoted partner Catriona Paterson.

GAR Live Dubai Lookback: - the (ab)use of experts in construction arbitration – where is the line between expert and advocate?

On the eve of this year’s GAR Live Dubai, we look back to 2018’s edition, and session three, in which Mark McNeill and panel tackled one of the great conundrums: why is it that reputable independent experts – who would never testify “contrary to their own conviction” nonetheless reliably end up producing work that favours the side who appointed them. What’s the alchemy at work, and can it be reformulated?

Editor's picks

Arbitrators jailed in Peru amid Odebrecht corruption scandal

UPDATED WITH JUDGMENT: A Peruvian judge has ordered the pre-trial detention of 14 arbitrators – including one who has sat at ICSID – for 18 months while they are investigated for allegedly taking bribes to favour scandal-hit construction company Odebrecht in a series of cases that cost the state more than US$250 million.

Dutch court sets aside PDVSA award because of corruption

The Court of Appeal in The Hague has set aside an ICC award against a subsidiary of Venezuela’s state-owned oil and gas company PDVSA on the ground that the underlying contract was procured through corruption.

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