Guatemala has paid US$37.3 million to an ICSID creditor to lift an attachment on bond payments and avoid a sovereign default – though it has still to honour another award worth US$55 million rendered in the same dispute.
One of Thailand's largest commercial banks has failed to knock out part of a UK fraud litigation in which it is accused of conspiring to steal US$2 billion worth of wind energy assets and frustrate enforcement of a US$700 million ICC award.
Lorraine de Germiny, who is defending Romania in a US$5 billion ICSID dispute, has been promoted to partner in the London office of Lalive, while Augustin Barrier has been made counsel in Geneva.
A California court has been asked to grant discovery in aid of a DIFC-LCIA case over a Saudi food delivery app, while a Swiss electronics company has lodged a similar request in …
Canada’s Frontera Energy has settled a pair of arbitrations with Colombian state-owned oil company Ecopetrol over terminated contracts for two of the Latin American country’s key oil pipelines.
An arbitral tribunal has reportedly upheld jurisdiction over a third-party funded claim worth up to US$35 billion brought against Brazil by a minority shareholder in Petrobras over losses the state-owned oil company …
The controversy over International Court of Justice judges moonlighting as arbitrators has kicked off again, with an article alleging that Judge Peter Tomka has accepted appointments to investor-state tribunals despite ICJ guidelines against the practice.
The Commercial Court in London has set aside the quantum findings in a US$50 million investment treaty award in favour of a Canadian mining company against Kazakhstan after ruling that the state was not given a fair opportunity to address damages.
The International Bar Association’s arbitration committee has unveiled its proposed revisions to the rules on the taking of evidence – as well as its new line up of officers for 2021.
At a hearing in Luxembourg this week, the EU Commission and a number of member states called on the European Court of Justice to rule on whether the Achmea decision bars intra-EU investment arbitration under the Energy Charter Treaty - even though the dispute giving rise to the proceedings is between non-EU parties.
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