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A US court has confirmed a US$728 million award in favour of an offshore drilling contractor against Petrobras – rejecting the Brazilian state oil and gas company’s arguments that the tribunal overlooked evidence of bribery and that arbitrator Charles N Brower showed “open hostility” during the hearing.
20 May 2019
A Lithuanian printing house has threatened Kyrgyzstan with a treaty claim after state authorities accused it of bribing officials to win a tender for the production of biometric passports.
03 May 2019
An LCIA award worth US$2 billion that made findings of corruption in a dispute over an iron-ore mining project in Guinea has become public after being submitted to the US courts for enforcement.
25 April 2019
The High Court in London has affirmed that it was not an abuse of process for Romanian authorities to seek to extradite a German businessman to face bribery charges despite the recommendation of an ICSID tribunal that the arrest warrant against him should be temporarily withdrawn.
11 April 2019
Brazil’s Vale has been awarded nearly US$2 billion in an LCIA claim over a mining project in Guinea that gave rise to allegations of corruption and fraud and the disqualification of a prominent arbitrator – two months after a related ICSID claim reportedly settled.
10 April 2019
BSG Resources, the Guernsey mining company founded by Israeli billionaire Beny Steinmetz, has reportedly agreed a settlement with Guinea to end a US$5 billion ICSID claim over iron ore mining rights that the west African state alleged were procured through bribery.
25 February 2019
Two ICSID claimants who allege they were victims of judicial corruption in Panama have failed in a bid to compel the state to produce bank statements of justices at its Supreme Court and records of their deliberations.
07 February 2019
A court in Delhi will hear a request by the Indian government that it halt an ad hoc arbitration over a €560 million contract for the supply of helicopters to state officials, pending the outcome of a domestic investigation into alleged bribery connected to the deal.
09 January 2019
The Kiev Court of Appeal has ruled that an LCIA award against a subsidiary of Ukraine’s Naftogaz should be enforced even though local anti-corruption and competition authorities believe the underlying contract was procured unlawfully.
13 December 2018
Wikileaks has published a previously confidential ICC award revealing that a French state-owned arms manufacturer paid hundreds of millions of dollars in “commissions” to an agent to secure a lucrative military contract from the United Arab Emirates, only to later argue that the payments were corrupt.
09 October 2018
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