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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
A UK judge has refused to compel Clyde & Co to make payments to an arbitration client from escrow funds that US authorities have linked to the 1MDB embezzlement scandal in Malaysia.
01 March 2021
The US Supreme Court yesterday refused to hear Petrobras’s appeal against the confirmation of an ICDR award that required it to pay an offshore drilling company for terminating a contract allegedly procured through bribery.
23 February 2021
The Singapore Court of Appeal has upheld an award on liability that led to a Manila gaming resort owner being ordered to pay US$296 million to a Las Vegas casino operator – rejecting allegations that the successful party and its counsel fraudulently misled the tribunal.
19 February 2021
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