All articles
Oil trader wins ECT award against Poland
A Cyprus-registered oil trader has won US$47.6 million in an Energy Charter Treaty claim over Poland’s refusal to comply with decisions by its own courts ordering the state to pay interest on a repaid fine.
07 March 2023
Paul Hastings hires from Shearman in London
English-qualified barrister Garreth Wong has left Shearman & Sterling to join the partnership at Paul Hastings in London.
07 March 2023
Australian appeal court rules on functus officio
David Brynmor Thomas KC and James Shaerf of 39 Essex Chambers argue that a recent Australian appeal court decision on the meaning of functus officio raises some problematic doctrinal and practical issues, not least for the use of partial awards as a case management tool.
07 March 2023
Counsel resign ahead of hearing in Iranian gas dispute
The final hearing of a US$32 billion case against Iran's state-run oil company has been postponed less two than two weeks before it was due to begin, after Wolfgang Peter and his team at Peter & Kim resigned over an alleged due process failure and co-counsel from Eversheds Sutherland followed suit.
06 March 2023
Nigeria fails to undo UK recognition of power plant award
The Commercial Court in London has upheld the recognition of an UNCITRAL award against Nigeria issued six years ago in a dispute over a US$200 million power privatisation.
06 March 2023
Slovakia pays ICC award after human rights ruling
Slovakia has settled with an airport investor that won a human rights claim over the refusal of the state’s courts to enforce an ICC award.
06 March 2023
KWM promotes in London
James McKenzie, who represented Naftogaz in a US$5.5 billion LCIA dispute with companies linked to Ukrainian-born oligarch Igor Kolomoisky, has been promoted to partner at King & Wood Mallesons in London.
06 March 2023
Iran’s state oil company challenges tribunal president in US$32 billion case
On the heels of an unsuccessful challenge to the whole tribunal, the National Iranian Oil Company is seeking to disqualify Laurent Aynès from continuing as tribunal president in a US$32 billion dispute with the UAE’s Crescent Petroleum because of his alleged ongoing failure to disclose his and his firm’s involvement in similar proceedings.
03 March 2023
Mexico faces NAFTA legacy claims as deadline looms
Canadian mining investors have lodged a NAFTA legacy claim against Mexico and threatened another, as the deadline to bring such cases approaches.
03 March 2023
Kazakhstan seeks to overturn US enforcement of Stati award
Kazakhstan has asked a US court to reverse its decision to enforce a US$500 million Energy Charter Treaty award, arguing the Moldovan creditors have turned the court into an “unwitting instrument of a massive fraud”.
03 March 2023