Premium article - 18 July 2016
An UNCITRAL tribunal has refused jurisdiction over a claim against Peru concerning environmental pollution after finding that the investor failed to comply with a treaty requirement by reserving its rights to pursue claims in other fora.
Premium article - 13 July 2016
Arbitration practitioner Sir Michael Wood QC clashed with former UK foreign secretary Jack Straw over the legal basis for the 2003 invasion of Iraq, the Chilcot report shows.
Premium article - 11 July 2016
An ICSID tribunal has rejected a claim by tobacco producer Philip Morris against Uruguay, upholding the state’s right to regulate the packaging of cigarettes on public health grounds.
Premium article - 08 July 2016
An English criminal court has stayed an extradition proceeding initiated by Albania against two UK-based Italian businessmen, including the owner of London football club Leyton Orient – in line with the ground-breaking order of an ICSID tribunal.
Premium article - 04 July 2016
The High Court in London has ruled on a US$500 million fraud claim concerning an oil deal in Iraq’s Kurdistan region – a dispute that gave rise to an ICC case and evidence of unexplained payments to the son of the country's former president.
Premium article - 01 July 2016
An ICC tribunal has dismissed a fraud claim against a Brazilian mobile operator owned by Telecom Italia relating to a merger deal with a prominent Rio de Janeiro businessman.
Premium article - 28 June 2016
For the first time in its 93-year history, the ICC International Court of Arbitration has begun disclosing the composition of its tribunals – calling it a “major step forward” for transparency in arbitration.
Premium article - 27 June 2016
A London executive at US distressed-debt investor Oaktree Capital risks extradition to the United Arab Emirates after being accused of stealing part of the proceeds of a US$644 million arbitral award against Venezuelan state entity PDVSA.
Premium article - 14 June 2016
UPDATED: Embattled Malaysian sovereign wealth fund 1MDB has been hit with a US$6.5 billion LCIA claim from a UAE state entity for allegedly reneging on a bailout deal in the wake of a scandal over missing funds.
Premium article - 09 June 2016
An ICSID tribunal has agreed to examine new allegations of corruption against Canada’s Niko Resources but says the oil and gas producer is entitled to immediate payment of more than US$35 million for gas deliveries to Bangladeshi state entity Petrobangla.