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Media group fails to reverse sale of Milan headquarters

A Milan-seated tribunal has rejected claims by an Italian media group that the €120 million sale of its historic headquarters to US private equity group Blackstone eight years ago amounted to usury in breach of Italian law.

20 May 2021

Maersk files new port claim against Peru

A subsidiary of Denmark’s Maersk Group has filed a new ICSID claim against Peru, four years after settling a previous arbitration over a delay-hit project to modernise one of the country’s largest ports – while the state has also been threatened over a fibre optic project.

20 May 2021

A Swiss transformation

In a major innovation that has already made the GAR Awards nominations list, the Swiss Chambers’ Arbitration Institution is to be transformed into the Swiss Arbitration Centre, with ASA as majority shareholder and updated rules of arbitration.

20 May 2021

Debevoise names new practice leaders

Catherine Amirfar and Mark Friedman have been named as the new co-chairs of the international disputes group at Debevoise & Plimpton, taking over from Donald Donovan and David W Rivkin, who led the team for more than two decades.

20 May 2021

Fight over Kyrgyz gold mine escalates

Canada’s Centerra Gold says the Kyrgyz government has “effectively seized control” of a gold mining project as the company makes good on its threat to pursue UNCITRAL arbitration against the Central Asian state.

20 May 2021

Nigeria in new ICC dispute over hydro project

UPDATED: Nigeria is reportedly facing a new ICC claim worth US$400 million after allegedly reneging on a settlement intended to resolve a prior arbitration over a major hydropower project.

19 May 2021

ICC and SIAC secure Russian licences

UPDATED: The ICC International Court of Arbitration and Singapore International Arbitration Centre have been awarded coveted licences to administer Russia-seated arbitrations.

19 May 2021

Swiss court upholds Syria award despite currency devaluation

A group of Turkish investors that won an ICC investment treaty claim against Syria over losses resulting from the country’s civil war have failed to overturn the arbitrators’ decision to award them compensation in Syrian pounds.

19 May 2021

Goldman Sachs brings claim against Mexican state utility

US investment bank Goldman Sachs has launched international arbitration against Mexico’s state electric utility to recover US$400 million in debt that arose after a storm in Texas earlier this year led to a rise in natural gas prices.

19 May 2021

Howard Kennedy hires India practice head in London

Arish Bharucha has left disputes boutique Cooke Young & Keidan to join the partnership at another London firm, Howard Kennedy, where he will head its India practice.

19 May 2021

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