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Daly leaves PCA after 20 years

Brooks Daly has stepped down as deputy secretary-general and principal legal counsel of the Permanent Court of Arbitration in The Hague to pursue a career as an independent arbitrator, as two of the institution’s longest-serving lawyers take over his duties.

03 January 2023

Ecuador to pay Perenco ICSID award

Ecuador has agreed to pay Bahamian oil company Perenco its US$412 million ICSID award to settle a long-running dispute over a tax on windfall revenues, while in a separate arbitration the state has been ordered to pay US$17 million to a Spanish-led consortium.

03 January 2023

Silk cut: appointments drop for second year

Herbert Smith Freehills partner and arbitration practitioner Mike McClure is the only solicitor-advocate named on the list of new King’s Counsel in England and Wales – as the overall number of silks appointed falls for a second year in a row.

03 January 2023

Honduras hit with mega-claim over special economic zones

A US company has made good on its threat to file an ICSID claim against Honduras over plans to repeal special economic zones, seeking almost US$11 billion in damages.

22 December 2022

Barrick and Pakistan seal deal to end ICSID feud

Canada’s Barrick Gold has finalised its agreement with Pakistan to revive a stalled mining project and settle an ICSID award worth more than US$6 billion.

22 December 2022

Mute Off delivers global guide to women arbitrators

Frustrated at the lack of progress reducing the gender gap on tribunals, ‘Mute Off Thursdays’ has launched a compendium of women arbitrators around the world to make it easier to find suitable women candidates.

22 December 2022

Annacker on fragmentation and integration in investment law

Dechert partner Claudia Annacker used a keynote lecture in Prague to address fragmentation and integration in investment law. Jaroslav Kudrna and Alžběta Bělova of the Czech Ministry of Finance report.

22 December 2022

Tribunal refuses to stay treaty case after “unprecedented” injunction

An UNCITRAL tribunal has refused to stay an Indian investor’s US$156 million treaty claim against Mozambique based on an “unprecedented” anti-arbitration injunction issued by an ICC tribunal hearing a related contractual case between the parties.

19 December 2022

Ukrainian road awards upheld in France

The French Court of Cassation has upheld a pair of ICC awards requiring Ukraine’s state road agency to pay damages to an Italian construction company in a US$66 million dispute over a road repair and construction contract.

19 December 2022

Youssef calls for "COP-27 moment" for arbitration

In a speech in Egypt, Karim Youssef called for a "COP-27 moment for arbitration", arguing that "the preservation of the good health and good functioning of global arbitration is a matter of global public interest."

19 December 2022

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