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Canadian province prepares NAFTA claim

After the Biden administration was hit with a US$15 billion NAFTA claim by the owner of a cancelled cross-border pipeline project, the Canadian province of Alberta has confirmed it intends to bring its own investment arbitration against the US – which practitioners suggest could be the first case of its kind under the trade agreement.

26 November 2021

Orange head resigns after guilty verdict in Tapie affair

Stéphane Richard has resigned as chairman and CEO of Orange after being convicted over his role in the French government’s decision to submit a €400 million dispute with the late French businessman Bernard Tapie to arbitration.

26 November 2021

Carl Salans 1933-2021

Carl Salans, who founded the law firm Salans and was a leading specialist in international law and arbitration, has died aged 88.

26 November 2021

White & Case promotes four

White & Case has promoted four members of its international arbitration group in North America, Europe and the Middle East, including two practitioners who have defended Russia against enforcement of the US$57 billion Yukos awards.

26 November 2021

Japanese investor wins damages over Spanish solar reforms

An ICSID tribunal has ordered Spain to pay a Japanese investor over €23.5 million plus interest and costs after finding that changes to the state’s renewable energy regime frustrated its legitimate expectations.

25 November 2021

Montenegro not liable for “francogeddon” response

An ICSID tribunal has rejected an Austrian bank’s claim against Montenegro over measures adopted in response to “francogeddon” – the fallout from the Swiss central bank’s decision to scrap exchange rate controls nearly seven years ago.

25 November 2021

Winding-up of publisher stayed in favour of HKIAC claim

A Shanghai business school has failed to secure a winding-up order against its academic resource publisher, after a Hong Kong court stayed its petition pending an HKIAC arbitration.

25 November 2021

UK investor threatens Ukraine over city square project

A British businessman has put Ukraine on notice of an investment treaty dispute worth nearly US$100 million over a terminated agreement for the reconstruction of a city square in Kiev.

24 November 2021

“Time is of the essence”: Australian gas price review blocked on appeal

Chevron and its partners in a massive Australian gas project have won an appeal preventing a Rio Tinto subsidiary from bringing a price review claim that was notified outside the window stipulated in the contract.

24 November 2021

Kantor award upheld in BP tax dispute

A US court has upheld the award of an ICDR tribunal chaired by Mark Kantor which found BP did not have to pay US$56 million to compensate three drilling contractors for changes to US tax law.

24 November 2021

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