11 November 2019
A US court has upheld an American Arbitration Association award that ordered a Native American tribe to pay over US$1 billion in casino revenues to the State of New York over the next five years.
08 November 2019
The Hong Kong Court of Appeal has upheld a bankruptcy order against the former chairman of a local petroleum company after concluding that a US$30 million debt he owes to a Vietnamese government-owned entity was not covered by a SIAC arbitration clause.
07 November 2019
UPDATED WITH JUDGMENT: A Peruvian judge has ordered the pre-trial detention of 14 arbitrators – including one who has sat at ICSID – for 18 months while they are investigated for allegedly taking bribes to favour scandal-hit construction company Odebrecht in a series of cases that cost the state more than US$250 million.
06 November 2019
The Court of Appeal in The Hague has set aside an ICC award against a subsidiary of Venezuela’s state-owned oil and gas company PDVSA on the ground that the underlying contract was procured through corruption.
04 November 2019
A mobile phone operator has filed an ICC claim against Kosovo Telecom after the financially troubled state entity chose not to renew a contract between the parties that has already led to a €31 million award.
04 November 2019
A Rio de Janeiro-seated tribunal has rejected a request by Heineken to terminate a long-term contract with Coca-Cola and 12 distributors in Brazil, in a blow to the Dutch brewer's plans to consolidate its operations in the country.
01 November 2019
UPDATED WITH AWARD: An ICC tribunal has granted a Costa Rican state entity’s request to dissolve its joint venture with a Chinese counterpart in a politically sensitive dispute over a cancelled US$1.5 billion project to upgrade an oil refinery – while related criminal proceedings continue.
30 October 2019
Greece has paid €53 million to a US defence contractor to satisfy an ICC award over a security system commissioned for the 2004 Olympic Games after failing to have the result set aside on grounds of corruption.
29 October 2019
The Singapore Court of Appeal has upheld a decision to lift a stay of litigation previously granted on case management grounds – holding that the prospect of an overlapping arbitration was “largely illusory”.
28 October 2019
A Dutch court has agreed to freeze shares in a Gazprom subsidiary while it hears claims by Ukraine’s Naftogaz that the Russian oil company fraudulently transferred those shares to evade payment of a US$2.56 billion SCC award.