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Turkish investor withdraws Libya claim

UPDATED. A Turkish national has withdrawn his US$69 million ICC claim against Libya over his investments in construction projects disrupted by the country’s civil war.

11 January 2021

Tanzania faces latest claim over mining reforms

Tanzania is now facing three ICSID cases over the state's alleged revocation of mining licences after a Canadian company became the latest to make good on an earlier threat to bring a claim.

11 January 2021

Lithuanian investor brings claim against Belarus

Lithuania’s Modus Group has lodged an ICSID claim against Belarus over a project to build a luxury hotel next to the country’s main airport.

11 January 2021

LCIA names new registrar and deputy

Eliana Tornese has been named as the new registrar of the London Court of International Arbitration, with Wing Shek taking over as deputy registrar.

11 January 2021

New Swiss law enters force

The new Swiss arbitration law has entered force, with an English translation now available.

11 January 2021

Albania creditors freeze aviation funds

Italian businessman Francesco Becchetti and several other investors have seized funds held by a Brussels-based international aviation body to satisfy a €110 million ICSID award against Albania.

08 January 2021

Dutch court sets aside Kazakh attachment ruling

The Dutch Supreme Court has set aside a decision upholding a US$5.2 billion attachment against Kazakhstan’s sovereign wealth fund over an Energy Charter Treaty award – while several US hedge funds with an interest in the award face renewed fraud allegations.

08 January 2021

Kosovan minister’s company may proceed with ICSID claim

An ICSID tribunal has ruled that the participation of a Kosovan minister in a claim against his own government was “possibly unprecedented” but not procedurally unfair, finding he was entitled to the same protections as any other businessman legitimately operating through a foreign company.

08 January 2021

Steinmetz bribery trial to begin in Switzerland

Israeli businessman Beny Steinmetz will face charges that he paid bribes to secure mining rights in Guinea during his criminal trial in Geneva starting on Monday, allegations that have also spawned LCIA and ICSID claims and a fraud suit in London.

08 January 2021

Dechert hires from Cleary

Enikő Horváth has left Cleary Gottlieb Steen & Hamilton – where she helped Greece defeat several claims over its financial crisis response – to join Dechert as a national partner in Paris.

08 January 2021

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