14 January 2020
Three Chinese state-owned entities have lodged an appeal following the rejection of their bid to set aside an investment treaty award favouring Mongolia.
13 January 2020
An ad hoc committee has dismissed a bid by the now-deceased Victor Pey Casado to revive his two-decade long ICSID claim against Chile – as an UNCITRAL tribunal rejects a parallel claim brought by the former publisher.
09 January 2020
A group of Swedish tech investors have applied to a California court to enforce an SCC award against the Hollywood electronics company founded by musical artist will.i.am, following the aborted purchase of a wireless earbuds manufacturer.
08 January 2020
The Singapore High Court has upheld an award on liability that led to a Manila gaming resort owner being ordered to pay US$296 million to a Las Vegas casino operator – while rejecting allegations that the successful party and its counsel fraudulently misled the tribunal.
02 January 2020
Russia’s Gazprom has settled a set of multibillion-dollar SCC disputes with Ukraine’s national oil and gas company Naftogaz and withdrawn an investment treaty claim, clearing the way for new arrangements for the transit of Russian gas to European consumers over the next five years.
19 December 2019
The Central African state of Gabon has agreed to pay over US$27.4 million to a Turkish construction company to satisfy an ICC award and bring an end to US enforcement proceedings.
18 December 2019
The Swiss Federal Supreme Court has upheld a pair of investment treaty awards requiring Russia to pay US$80 million to Ukrainian oil and gas companies for the expropriation of their assets in Crimea – as the state scrambles to reverse a trend of adverse awards in other cases arising from its occupation of the peninsula.
16 December 2019
Romania has agreed to pay over US$200 million to satisfy an ICSID award in favour of Sweden’s Micula brothers – despite the view of the EU Commission that payment of the award would constitute illegal state aid.
13 December 2019
A Delaware court has stayed enforcement proceedings worth almost US$4 billion brought against Venezuela by Crystallex and other creditors pending an expected appeal by the state to the US Supreme Court, while also citing difficulties caused by US sanctions.
12 December 2019
The Supreme Court of India has struck down a recent legislative amendment that had revived the practice of automatically staying enforcement of awards in certain arbitrations as soon as they were challenged.