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A Dutch court has reversed its decision to exclude certain claimants from a class action brought on behalf of investors in Petrobras who suffered losses due to the Lava Jato corruption scandal - after it emerged the Brazilian company had taken conflicting positions on the applicability of an arbitration clause.
18 June 2021
A French court has annulled a €90 million ICC award against Gabon after finding that a Maltese construction company’s gift of a luxury honeymoon trip to a public official was a “serious indication of corruption”.
26 May 2021
The Paris Court of Appeal has upheld a US$51 million investment treaty award against Libya, rejecting the state’s allegations of corruption and ruling that the legality of the claimants’ investment was a matter for the arbitrators.
26 May 2021
A UK commodities trader has agreed to withdraw ICSID and ICC claims against Sierra Leone after reaching an agreement with the state to negotiate a new lease for an iron ore mining project and lift export restrictions.
11 May 2021
The Czech Republic has defeated a US$100 million UNCITRAL claim brought by a Dutch company which alleged it was the victim of a fraudulent scheme relating to the sale of blue poppies and other commodities.
30 April 2021
A US court has allowed Italian oil producer Eni to obtain evidence from a third-party funder for use in an ICSID case against Nigeria over the state’s allegations the company paid millions in bribes to secure rights to an oil field.
23 March 2021
A Milan court has acquitted oil companies Shell and Eni of paying millions in bribes to Nigerian officials to secure prospecting rights to a lucrative oil field, allegations that have also given rise to ICSID proceedings.
19 March 2021
An ICSID tribunal hearing a claim against Serbia over the alleged expropriation of a dairy farm has refused to order the state to pause a criminal investigation into a key witness in the arbitration.
17 March 2021
General Electric has reached an agreement worth €261 million to settle an ICC claim brought by a Slovenian state-owned energy company over the construction of a lignite power plant that was plagued by corruption allegations.
16 March 2021
The Court of Appeal in London has ruled that a US$2 billion lawsuit accusing Abu Dhabi-based shipbuilder Privinvest of paying bribes to secure contracts in Mozambique should be stayed in favour of arbitration in Switzerland.
11 March 2021
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