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PDVSA award reinstated despite corruption allegations
The Dutch Supreme Court has reinstated an ICC award against a subsidiary of Venezuela’s national oil and gas company PDVSA that was set aside two years ago on grounds of corruption.
16 July 2021
Brazilian miner’s claim against Steinmetz entities can proceed
The Court of Appeal in London has ruled that an LCIA award does not preclude Brazil’s Vale from bringing a US$500 million claim against entities beneficially owned by Israeli billionaire Beny Steinmetz to claw back some of the proceeds of a rescinded mining deal in Guinea.
16 July 2021
Vedanta reports win against Zambian state entity
Vedanta Resources says it has won an award affirming that a Zambian state-owned entity has breached an arbitration agreement by seeking the liquidation of their copper-mining venture.
16 July 2021
Discovery order for Baltic treaty claim upheld
A US appeals court has upheld an order requiring consulting firm AlixPartners and its CEO to produce evidence in aid of a Russian fund’s investment treaty claim against Lithuania – concluding that the arbitration is a proceeding before a foreign tribunal for the purposes of US discovery law.
16 July 2021
Sidley practice leader heading for Singapore
In addition to his role as global co-head of international arbitration and trade at Sidley Austin, Tai-Heng Cheng has taken over as co-managing partner of the firm's office in Singapore – and plans to relocate to the city state, where he grew up, after 25 years in the US.
16 July 2021
Ecuador: one step closer to ICSID ratification
Gary Born and Soledad Peña Plaza of WilmerHale in London consider a “remarkable” recent decision by Ecuador’s Constitutional Court that the country’s ratification of the ICSID Convention does not require the approval of its National Assembly.
16 July 2021
Drymer disqualified over dual appointments
Venezuela has dislodged Canadian Stephen Drymer as arbitrator in an UNCITRAL claim on the basis that he is also hearing a related ICSID case – prompting the state to file further challenges against him.
15 July 2021
GAR 100 – this year’s edition out now
Global Arbitration Review is pleased to unveil the latest edition of the GAR 100, our annual survey of the leading international arbitration practices around the world.
15 July 2021
Caribbean appeal court can’t grant interim relief against Pakistan
The Eastern Caribbean Court of Appeal has ruled it has no power to grant injunctive relief against Pakistan at the request of an ICSID creditor when a lower court’s finding that the state enjoys immunity has not been set aside.
15 July 2021
Hong Kong firm opens in three cities
MB Kemp, a Hong Kong-based firm that launched last year, has hired Salah Mattoo from Winston & Strawn to co-head its international arbitration and public international law practice as it opens new offices in London, Milan and Abu Dhabi.
15 July 2021
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