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Investment Arbitration

Mexican taxi tech leads to NAFTA and ICC disputes

Mexican taxi tech leads to NAFTA and ICC disputes

20 June 2019

A joint venture that was granted a US$2.4 billion concession to provide digital taximeter and ride-hailing technology for taxi cabs in Mexico City is the subject of a threatened NAFTA claim and a pending ICC arbitration, it has emerged.

Albania liable for expropriating TV station

Albania liable for expropriating TV station

19 June 2019

An ICSID tribunal has ordered Albania to pay €110 million to a group of Italian investors for the expropriation of a television company, finding there was evidence to suggest it was the target of a politically motivated campaign.

Malaysia settles treaty dispute over property fraud

Malaysia settles treaty dispute over property fraud

18 June 2019

The Malaysian government has paid a settlement to the estate of a deceased Thai investor who was fraudulently deprived of her property – averting the threat of a treaty claim backed by a third-party funder.

EU court lifts bar to payment of Micula award

EU court lifts bar to payment of Micula award

18 June 2019

The General Court of the European Union has annulled a decision by the European Commission that prohibited Romania from paying a €178 million ICSID award in favour of Sweden’s Micula brothers on the basis of state aid rules.

Reed Smith hires two in New York

Reed Smith hires two in New York

18 June 2019

Reed Smith’s New York office has hired partner James Duffy and counsel Ben Love, who have between them acted in several investor-state cases.

Treaty claims against India withdrawn ahead of hearing

Treaty claims against India withdrawn ahead of hearing

17 June 2019

Two affiliates of Malaysian satellite-TV group Astro have withdrawn treaty claims against India in which they had sought to halt a bribery investigation.

Linklaters hires Dutch practice head from NautaDutilh

Linklaters hires Dutch practice head from NautaDutilh

14 June 2019

Prominent Dutch practitioner Gerard Meijer has joined Linklaters to lead its arbitration practice in Amsterdam.

Slovenia may face claim over “fracking” permit

Slovenia may face claim over “fracking” permit

13 June 2019

UPDATED: A UK oil and gas company has threatened to bring an arbitration against Slovenia if it refuses to issue an environmental permit for works to boost productivity at two natural gas wells amid public concerns about fracking.

Dentons targets client’s Congo award in fee dispute

Dentons targets client’s Congo award in fee dispute

13 June 2019

Dentons and the global head of its international arbitration group have asked a court in Delaware for permission to recover unpaid fees from a client by forcing the sale of a US$96 million ICC award that the law firm helped it obtain in a dispute with the Democratic Republic of the Congo.

Settlement of Libya claim overturned after fraud finding

Settlement of Libya claim overturned after fraud finding

13 June 2019

An UNCITRAL tribunal has overturned a US$120 million consent award that brought an end to a treaty claim against Libya after finding that the German claimant had taken advantage of the political turmoil in the country to procure the settlement through fraud.