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Belgian appeal court upholds Kazakh asset freeze

The Brussels Court of Appeal has upheld an attachment over US$542 million worth of Kazakh state assets obtained by Moldovan investors seeking to enforce an Energy Charter Treaty award.

09 July 2021

Who is sitting at ICSID?

Nine new panels have been formed at ICSID in the past seven weeks, including two appointments apiece for Loretta Malintoppi, Toby Landau QC and Lucy Reed.

09 July 2021

Brazilian airline’s award debtor seeks bankruptcy protection

A group of distressed investment funds have sought bankruptcy protection in New York to prevent a Brazilian airline from enforcing a decade-old ICC award worth US$60 million against their assets.

09 July 2021

Salomon calls for participants in disability taskforce

As one of her first acts as president of the ICC International Court of Arbitration, Claudia Salomon has called for interested candidates to participate in a newly created task force on disability inclusion and international arbitration.

09 July 2021

What Shakespeare tells us about the impact of state corruption proceedings

“Though justice be thy plea, consider this, that, in the course of justice, none of us shall see salvation”, says Portia in The Merchant of Venice. Peter FitzGerald of Peter & Peters in London looks at how state corruption proceedings impact justice in international arbitration, with other references to Shakespeare’s plays.

09 July 2021

Cairn freezes Indian property in Paris

Scotland’s Cairn Energy says it has frozen more than €20 million worth of Parisian properties owned by India as it seeks to enforce an investment treaty award worth more than US$1.7 billion.

08 July 2021

Peru liable in metro dispute at ICSID

An ICSID tribunal has held Peru liable in a contractual claim over a project to build Lima’s second metro line, ruling that the state was responsible for delays in the works and must pay damages – also dismissing a US$700 million counterclaim.

08 July 2021

Sberbank escapes conspiracy claims in London

The Commercial Court in London has refused to hear conspiracy claims worth US$300 million against Russia’s largest bank – a dispute over an insolvent refinery that has also given rise to an LCIA arbitration.

08 July 2021

Korean lawyer returns to familiar pastures

Harold Noh has returned to his old firm Kim & Chang in Seoul as partner after working at Quinn Emanuel Urquhart & Sullivan in Hong Kong.

08 July 2021

Swiss trader dragged into fight over Congo oil field

A UK energy company pursuing an ICSID claim against the Republic of the Congo over an oil field has filed a related ICC case worth US$200 million against a Swiss commodities trader.

07 July 2021

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