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A Lagos court has upheld a US$1.7 billion award won by Nigeria’s national oil and gas company in a dispute with a local producer over the termination of exploration agreements that later became the subject of a corruption probe.
09 December 2020
A banker who accused Montenegro’s president of corruption has launched a €500 million treaty claim against the Balkan state over alleged politically motivated actions taken against his investments.
04 December 2020
A joint venture between French telecoms group Orange and Kuwaiti logistics group Agility has asked a US court to compel Dechert to produce documents concerning an alleged bribery scheme in Iraq for use in a US$1 billion ICC arbitration over its stake in a Kurdish mobile operator.
01 December 2020
An arbitral tribunal has reportedly upheld jurisdiction over a third-party funded claim worth up to US$35 billion brought against Brazil by a minority shareholder in Petrobras over losses the state-owned oil company sustained as a result of the Lava Jato corruption probe.
25 November 2020
The Paris Court of Appeal has set aside a French construction company’s €452 million ICC award against Libya after finding it was based on a fraudulent settlement agreement.
18 November 2020
A French court has refused to set aside a US$95 million ICC award won by a US airport security company against Benin, rejecting the state’s allegations that the underlying contract was procured through corruption.
12 November 2020
The Singapore High Court has enforced an ad hoc award in favour of one of the world’s largest energy traders despite a third party’s admission that the contract was procured corruptly.
06 November 2020
A London court has lifted an injunction that prevented Clyde & Co from transferring US$340 million to its Saudi-owned client to comply with an UNCITRAL award – funds that US and Malaysian prosecutors allege can be traced to the 1MDB corruption scandal.
02 November 2020
Colombia’s highest administrative court has upheld an award that nullified an Odebrecht consortium’s contract for a billion-dollar highway construction on grounds of corruption – a project that has also given rise to ICC claims and the threat of an investment treaty arbitration.
14 October 2020
Italian energy company Eni has launched an ICSID arbitration against Nigeria in response to the state’s allegations that its US$1 billion purchase of an oil prospecting licence was the product of corruption.
08 October 2020
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