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A Singapore court has upheld a US$149 million ICC award in a dispute over a power plant in Guatemala – rejecting arguments that the tribunal unfairly restricted one side’s access to evidence and failed in a duty to investigate corruption allegations.
27 April 2018
UPDATED. Embattled construction group Saipem has reached a deal with Algerian state oil and gas company Sonatrach to settle four ICC arbitrations worth billions of euros over projects that Italian prosecutors allege were procured through bribery.
28 March 2018
A Cairo-seated tribunal has rejected a Spanish company’s price adjustment claim against an Egyptian state-owned gas supplier while dismissing allegations that the underlying contract was procured through corruption – part of a dispute over an LNG plant that has spawned two other pending cases worth US$3 billion.
13 March 2018
Details of a bribery scheme allegedly implicating Ecuador’s vice president and a former energy minister have come to light thanks to an ICDR award that is now the subject of enforcement proceedings in Florida.
06 November 2017
UPDATED. The East African state of Djibouti has lost its claim against a Dubai state-owned ports operator after an LCIA tribunal rejected allegations that a concession to operate Africa’s largest container terminal was secured through bribery.
22 February 2017
The English Commercial Court has refused to declare that a tribunal was validly constituted in a shipping dispute involving an alleged US$5 million bribe to a son of former Libyan president Muammar Gadaffi – raising questions over the continued existence of one of the parties.
20 January 2017
Yves Fortier QC is to chair a newly formed enforcement committee at the European Bank of Reconstruction and Development (EBRD), as it declares a “zero tolerance” stance on corruption.
20 September 2016
In the wake of a journalistic exposé of investment treaty arbitration that claims it "helps executives convicted of crime escape punishment", leading international lawyer Geoffrey Robertson QC has acknowledged that international arbitration and crime increasingly collide, posing challenges for arbitrators and practitioners and from a public policy perspective.
14 September 2016
An Italian arbitrator has instructed counsel to defend him in a US lawsuit where he is accused of taking a bribe to determine the outcome of a €3 billion dispute between former insurance partners.
08 September 2016
An insurance and media tycoon convicted of bribing judges by the Romanian courts is the victim of a politically motivated campaign that has denied him urgent medical care, it is alleged in a new ICSID claim against the state.
29 July 2016
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