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charges despite the recommendation of an ICSID tribunal that the arrest warrant against him should be temporarily withdrawn.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