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Investor drops intra-EU claim against Denmark

A Lithuanian businessman has dropped his ICSID claim against Denmark, saying the Achmea judgment and the agreement by EU member states to terminate their intra-EU BITs have “severely impeded” the arbitration and prospects for enforcement.

21 October 2021

Final voucher award rubber-stamped at ICSID

An ICSID committee has upheld the last of three intra-EU BIT awards in favour of French voucher companies against Hungary, ruling that a tribunal was within its rights to conclude the Achmea decision had no bearing on its jurisdiction.

21 October 2021

Egypt faces another cement claim

Egypt is facing a new ICSID claim by a German company over alleged interference in a cement business, while a PCA claim brought against it by Qatar has been discontinued.

21 October 2021

McDermott hires from King & Spalding in New York

Construction and energy disputes lawyer David Kiefer has joined McDermott Will & Emery as partner in New York from King & Spalding.

21 October 2021

Join us for GAR Live: Hong Kong

Readers are invited to join us next week for GAR Live: Hong Kong, which will consider the developing balance between Asian arbitral hubs, seminal court decisions over the past year and best practice when faced with challenging case scenarios. There will also be a keynote address by David W Rivkin, HKIAC co-chair and partner at Debevoise & Plimpton.

21 October 2021

Iberdrola wins award over US power project

An affiliate of Spanish electric utility Iberdrola has won a US$273 million ICDR award after its contract to build a power plant in Massachusetts was terminated when the project was reportedly 98% complete.

20 October 2021

Inpex settles dispute over Australian LNG project

Japanese oil and gas company Inpex has settled an ICC dispute over the US$45 billion construction of a liquefied natural gas project on the western coast of Australia.

20 October 2021

VIAC secretary general to step down

Alice Fremuth-Wolf is stepping down as secretary general of the Vienna International Arbitration Centre after nearly a decade during which she oversaw the institution’s expansion in the Russian market, improvements in arbitrator diversity, and electronic case management during the covid-19 pandemic.

20 October 2021

Covid plea fails to halt Hong Kong share freeze

A Hong Kong court has granted an injunction in aid of a CIETAC claim over a share transfer that was terminated on the grounds of covid-19 and “deteriorating Sino-US relations”.

20 October 2021

Interpol defeats claim over jailed ex-president

An arbitral tribunal in The Hague has thrown out a claim brought against Interpol by the wife of its former president after he was detained by Chinese authorities on corruption charges.

19 October 2021

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