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Beny Steinmetz’s eponymous mining company may seek to overturn a US$2 billion LCIA award in favour of Brazil’s Vale following the collapse of a related fraud litigation this week, the Israeli businessman’s lawyers have said.
17 February 2022
Nigeria has overturned orders in the courts of the US and British Virgin Islands that blocked it from obtaining discovery to support its allegations that a gas company procured a US$10 billion award against the state through fraud.
08 February 2022
Two Mauritian subsidiaries of South African mining group Amari have brought a US action against Zimbabwe to collect on a US$50 million ICC award issued eight years ago over nickel and platinum projects that were terminated on the basis of corruption allegations.
11 January 2022
Croatia has said it will ask a Swiss court to review an UNCITRAL award in favour of Hungarian oil and gas group MOL in the wake of a corruption verdict against a former prime minister – as the Balkan state settles a separate dispute with a US investor.
06 January 2022
A new ICC panel will consider the Republic of the Congo’s bid to revise a billion-euro award in light of its allegations of corruption against leading French arbitrator Yves Derains – who has in turn brought a defamation complaint against the state’s counsel.
15 December 2021
A US investment firm seeking to collect on a nearly two-decade old arbitral debt from the Democratic Republic of the Congo is targeting properties in Maryland allegedly acquired by relatives of the country’s former president Joseph Kabila with stolen government funds.
08 December 2021
The Commercial Court in London has ruled that Malaysian sovereign wealth fund 1MDB is not too late to challenge a multibillion-dollar arbitral settlement with an Abu Dhabi government-owned entity that it alleges was intended to cover up a massive fraud.
04 November 2021
France’s Court of Cassation has found that a lower court erred when it blocked enforcement of an ICC award against Alstom because of alleged evidence of bribery.
13 October 2021
Kyrgyzstan says it has defeated a claim worth nearly US$300 million over the alleged expropriation of a mobile operator, with a tribunal finding the investment was tainted by corruption.
12 October 2021
Malaysia’s national oil and gas company Petronas has launched an ICSID claim against Sudan after a complex it operates in Khartoum was confiscated following allegations the land rights were illegally obtained.
12 October 2021
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