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Eni pays award over “frustrated” LNG import deal

Eni pays award over “frustrated” LNG import deal

Premium article - 08 August 2019

Italian energy company Eni has paid €330 million to satisfy an ICDR award after prevailing on its claim that a long-term contract for regasification and import services was frustrated by the shale gas revolution in the United States.

“Bad faith” investor fails in treaty claims against Laos

“Bad faith” investor fails in treaty claims against Laos

Premium article - 07 August 2019

Two gaming companies have had their long-running investment treaty claims against Laos dismissed after they were found to have engaged in “serious financial illegalities” and acted in bad faith.

Lloyds settles £104 billion asset management dispute

Lloyds settles £104 billion asset management dispute

Premium article - 23 July 2019

UPDATED: Lloyds Banking Group has agreed to pay £140 million to UK fund manager Standard Life Aberdeen to settle an LCIA arbitration over the management of around £104 billion in assets.

Funder’s role in failed ICSID claim comes to light

Funder’s role in failed ICSID claim comes to light

Premium article - 07 May 2019

An ICSID case that left an unsuccessful claimant saddled with a US$6 million adverse costs award was financed by Australia-based disputes funder IMF Bentham, GAR has confirmed.

Georgian businessman gets emergency relief in Stockholm

Georgian businessman gets emergency relief in Stockholm

Premium article - 12 April 2019

A businessman who accused senior figures in Georgia’s ruling party of corruption has obtained an SCC emergency arbitrator order requiring the state to refrain from selling attached assets belonging to his tobacco business.

ICSID measures fail to halt extradition of witness

ICSID measures fail to halt extradition of witness

Premium article - 11 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charges despite the recommendation of an ICSID tribunal that the arrest warrant against him should be temporarily withdrawn.

ICC panel stays PDVSA case after Guaidó intervenes

ICC panel stays PDVSA case after Guaidó intervenes

Premium article - 27 March 2019

An ICC tribunal has stayed a US$265 million case involving Venezuela’s national oil and gas company PDVSA – as the country’s self-declared acting president Juan Guaidó tells ICSID it should not accept any submissions by lawyers representing the government of Nicolás Maduro.

Al Jazeera obtains measures over jailed journalist

Al Jazeera obtains measures over jailed journalist

Premium article - 14 March 2019

An ICSID tribunal has recommended that Egypt grant Al Jazeera necessary access to an imprisoned journalist and ensure his humane treatment so that he can testify in an arbitration concerning an alleged state campaign of harassment against the Qatari broadcaster.

EU countries to cancel BITs post-Achmea

EU countries to cancel BITs post-Achmea

Premium article - 17 January 2019

UPDATED. Member states of the European Union have agreed to terminate their intra-EU bilateral investment treaties to comply with the Achmea judgment – while a majority of them have also agreed to take steps to prevent intra-EU investor-state arbitrations being filed under the Energy Charter Treaty.

Pakistan faces payout over Sharif asset hunt

Pakistan faces payout over Sharif asset hunt

20 July 2018

A hearing on damages has taken place in a politically sensitive case against Pakistan worth at least US$600 million, brought by a company that was hired to track down the assets of the country’s disgraced former prime minister Nawaz Sharif.