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Venezuela defeats claim under cooperation agreement with Italy
An ICC tribunal has said it lacks jurisdiction to hear a US$100 million claim brought against Venezuela under a framework agreement for economic cooperation with Italy, finding the treaty contains only “vague” mention of investment protection.
31 March 2022
Jones voices concern over “de-lawyering” of Russian parties
GAR Live Construction today heard Australian arbitrator Doug Jones AO express concern about the “de-lawyering” of Russian parties and what it means for the rule of law – with speakers also calling for the strengthening of human rights protections in construction projects.
31 March 2022
Australia’s highest court to hear Spain’s appeal on sovereign immunity
The High Court of Australia has granted Spain special leave to appeal the recognition of a €101 million ICSID award obtained by a Luxembourgish investor affected by its renewable energy reforms.
31 March 2022
Indian drugmaker faces LCIA claim over covid vaccine
A Seattle biotech company is bringing an LCIA claim against its Indian former business partner amid a US$950 million dispute over alleged theft of technology used to develop covid-19 vaccines.
30 March 2022
Get versed in the metaverse!
California-based barrister Paul Cohen and Sophie Nappert of 3 Verulam Buildings in London explain why the arbitration community needs to pay attention to blockchain, the metaverse, NFTs and sundry new technologies (even if many think it’s a faddish waste of time).
30 March 2022
Dairy investor enforces award against Libya
A US court has enforced a €19 million treaty award against Libya over an expropriated dairy and juice factory, rejecting arguments that an ICC panel’s findings were “irrational and absurd” or that the Libyan or French courts were more suitable venues for enforcement.
30 March 2022
Germany liable in car toll dispute at DIS
A tribunal at German arbitral institution DIS has found Germany liable for cancelling a contract to build and operate a car passenger toll system but has still to rule on a consortium’s claim for €560 million in compensation.
29 March 2022
Herlihy leaves Skadden for A&O
David Herlihy is leaving Skadden Arps Slate Meagher & Flom to join Allen & Overy as partner in the international arbitration team, where he will split his time between London and Dublin.
29 March 2022
Resigning from Russian work: principled stand or public shaming?
A panel at Paris Arbitration Week considered the wave of counsel resignations from Russia-related work in the wake of the conflict in Ukraine, questioning whether those lawyers withdrawing are really taking a principled stand or have other motives.
29 March 2022
Hong Kong tables bill on success fees
Hong Kong has published a bill that would allow success fees in arbitrations and related court proceedings, bringing the special administrative region in line with other major arbitral seats.
29 March 2022