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Costa Rica and Enel to settle hydro dispute
Costa Rica has reached an agreement with the renewables arm of Italian energy company Enel to settle an ICSID arbitration over two hydroelectric plants.
21 February 2023
HSF to close Seoul office
UPDATED: Herbert Smith Freehills has announced it will close its Seoul office and relocate the office managing partner Mike McClure KC to London, where he will be joined by new of counsel Anuradha Agnihotri from Indian firm Trilegal.
21 February 2023
Japanese pharma group declares win in billion-dollar royalties dispute
Japan’s Mitsubishi Tanabe Pharma Corporation says it has defeated an ICC claim brought by Switzerland’s Novartis over royalties for a treatment for multiple sclerosis – a dispute understood to be worth around US$3 billion.
20 February 2023
Mourre calls for universal standard of disclosure
Former ICC Court president Alexis Mourre used a keynote speech at GAR Live Abu Dhabi to call for a single, universal standard for arbitrator disclosure based on objective and subjective perspectives.
20 February 2023
LCIA awards upheld in Pakistan gas dispute
An English court has upheld LCIA awards worth US$88 million in favour of a Pakistani state-owned energy company, ruling the challenge was based on a mutual misunderstanding of the arbitrator’s findings.
20 February 2023
Ukrainians call for moot ban for "warmongering" Russian universities
As the conflict enters its second year, the Ukrainian mooting community and arbitration association are calling for moot organisers to ban Russian universities that have openly expressed support for Russia's war against Ukraine from participating in forthcoming competitions.
20 February 2023
Korean shipbuilder settles billion-dollar claim
A Korean shipbuilder has reportedly agreed to pay to settle a dispute with Japanese oil and gas producer Inpex that gave rise to a US$970 million ICC case.
17 February 2023
Georgia energy tariff award lands in US court
Subsidiaries of a Russian state-owned energy company have applied to a US court to enforce a US$76 million ICSID award against Georgia in a dispute over electricity tariffs – as an SCC award issued by the same arbitrators is challenged in Stockholm.
17 February 2023
Chile warned of treaty claim over school meal payments
A US-owned catering group has threatened Chile with a treaty claim as it seeks payment for meals provided to the country’s public schools during the 2019 riots.
17 February 2023