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Canada BIT award upheld at ICSID

A subsidiary of Russian-owned telecoms group Veon has failed to revive a US$1.8 billion investment treaty claim against Canada – while the state has also failed to partially annul the award.

03 October 2022

French court won’t revive treaty claim against Venezuela

The Paris Court of Appeal has refused to resurrect a US$600 million BIT claim brought by two real estate investors against Venezuela, ruling the arbitrators were right to find the treaty’s offer of UNCITRAL arbitration was “obsolete”.

03 October 2022

Sands shifts chambers in London

Philippe Sands KC has left Matrix Chambers, the London barristers' chambers he co-founded more than two decades ago, to join 11 King's Bench Walk.

03 October 2022

Sultan’s heirs take Malaysia mega-award to the Netherlands

The heirs to a sultanate on the island of Borneo have asked a Dutch court to enforce their US$15 billion award against Malaysia.

30 September 2022

Portuguese investor gets damages in Spain solar case

An ICSID tribunal has ordered Spain to pay €9 million plus interest to a Portuguese investor over reforms to its renewable energy subsidy regime.

30 September 2022

LCIA hears another Kurdistan oilfield dispute

The Kurdistan regional government of Iraq is bringing an LCIA claim against a London-listed oil company after terminating two production-sharing contracts.

30 September 2022

Shell complies with ICC award over LNG facility

The US operator of a liquified natural gas storage facility in Mexico has halted efforts to enforce an ICC award in a US$1.3 billion dispute with subsidiaries of Shell and Gazprom, saying the Shell unit is now in “full compliance” with the award.

30 September 2022

Kabab-Ji ruling cements cross-Channel clash

The French Court of Cassation has upheld an ICC award won by Lebanese company Kabab-Ji after confirming that French law applied to the arbitration agreement, cementing an “embarrassing” clash with the UK’s top court which has already denied enforcement after finding that English law applied.

29 September 2022

Ashurst hires practice head from McDermott

Arne Fuchs has left McDermott Will & Emery, where he was co-head of international arbitration, to become head of public international law and investment arbitration at Ashurst.

29 September 2022

Three Crowns creates first CEO

Three Crowns has appointed Hugh Carlson as its first chief executive officer.

29 September 2022

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