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Africa Arbitration Academy publishes model BIT

The Africa Arbitration Academy has published a model bilateral investment treaty for states on the continent, with a focus on innovation, sustainability and “Africanisation”.

26 July 2022

Uniper to withdraw ECT claim as part of German bailout

Uniper says it has agreed to withdraw a controversial Energy Charter Treaty claim against the Netherlands over climate change legislation as a condition of a €15 billion bailout from the German government, as the company struggles to cope with the steep drop in supplies of Russian gas.

25 July 2022

Award creditor targets Haiti assets held by US airline

A fuel importer that won a US$23 million award of security against Haiti last year has sought to attach state assets held by American Airlines until the arbitration is concluded.

25 July 2022

Who is sitting at ICSID?

There have been 12 new panels formed at ICSID in the past nine weeks, including first-time appointments for Michael Chertoff of the US, Japan’s Yoshimi Ohara, Argentina’s Ignacio Torterola, Peruvian Carlos Paitan Contreras and France’s Jane Willems.

25 July 2022

Russia loses challenge over lack of “reputable” counsel

Russia has failed to disqualify a tribunal hearing a Crimea-related treaty claim that refused to grant a six-month stay after the state’s counsel resigned, despite its argument that no new “reputable or experienced” representatives were immediately available.

22 July 2022

Russian state entity plans claim over Finnish nuclear project

Russian state entity Rosatom is preparing to launch an arbitration against a Finnish company that cited the war in Ukraine when it terminated a contract for work on a €7 billion nuclear power plant project.

22 July 2022

Media dispute wrapped up in Milan

An Italian media group has settled a dispute over the €120 million sale of its historic headquarters to Blackstone after it failed to set aside an award issued in favour of the US private equity group by a Milan-seated tribunal.

22 July 2022

Mexican practitioner launches solo practice

Galicia Abogados senior associate Paola Aldrete has left the firm to launch a practice as a sole practitioner in Mexico City.

22 July 2022

Crypto fund collapse produces billion-dollar claim

A Singapore-based currency trader has filed a US$2.4 billion ICDR claim seeking to recover loans issued to a crypto hedge fund that it says suffered an “unprecedented implosion” following market volatility.

21 July 2022

Russian and Ukrainian football clubs take FIFA to CAS

Football clubs in Russia and Ukraine are united in anger at FIFA’s decision to allow their foreign players to suspend their contracts and leave in light of the war between the two countries, with teams from each filing claims at the Court of Arbitration for Sport.

21 July 2022

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