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A US infrastructure group has won a US$177 million ICC award against a Peruvian government agency over a terminated project to build rural telecoms networks, as the Andean state announces it has defeated a US$97 million treaty claim by an oil investor.
11 August 2022
An ICDR panel has terminated a claim against Kazakhstan brought by a controversial businessman who has been accused of helping to launder US$440 million in stolen funds from the country.
29 July 2022
A publicly owned Madrid water utility has threatened Colombia with an investment treaty claim after its assets were frozen as part of a corruption investigation – a dispute that has already seen the Spanish government intervene.
13 July 2022
An ICSID tribunal has ordered Croatia to pay US$184 million plus interest to Hungarian oil and gas group MOL after rejecting allegations that the claimant’s CEO paid bribes to a former prime minister – while dismissing the rest of the investor's billion-dollar claim.
06 July 2022
A Dutch appeal court has dismissed Ecuador’s renewed bid to overturn a treaty award holding it liable for a denial of justice in its US$9.5 billion dispute with US oil company Chevron over pollution in the Amazon.
30 June 2022
The Hague Court of Appeal has lifted a US$5.2 billion attachment order imposed on Kazakhstan’s sovereign wealth fund as part of efforts to enforce an Energy Charter Treaty award against the state – as the Moldovan creditors instruct a new counsel team in the long-running dispute.
23 June 2022
UPDATED: A Singaporean private equity firm has persuaded an ICC tribunal that it may force the chairman of one of South Korea’s largest insurance providers to purchase US$340 million in shares – while failing to secure an order for the sale as the correct valuation had not been put forward.
14 June 2022
An ICSID tribunal has rejected mining company BSG Resources’ US$5 billion claim against Guinea over rights to the world’s largest iron ore deposit, the West African state has announced.
20 May 2022
Flore Poloni, Thibaud Roujou de Boubée and Kimberley Bazelais of Signature Litigation in Paris explain why the French Court of Cassation’s recent decision to affirm the annulment of an investment treaty award because of signs of money laundering is less than satisfactory.
19 May 2022
A General Electric subsidiary has paid an ICC award over a Lithuanian power plant project after Sweden's Supreme Court refused to hear its final appeal that the contract was tainted by corruption – a case practitioners say shows the Swedish courts are taking a “UK approach” to such allegations.
05 May 2022
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