Premium article - 09 February 2015
Eight new panels have been formed at ICSID since the start of this year, including for claims against Mozambique, Senegal and Guinea.
Premium article - 20 January 2015
An ICSID tribunal has dismissed a US$41 billion claim against Peru after finding that one of the claimants had transferred shares with the sole purpose of internationalising what would have been a domestic dispute.
Premium article - 18 December 2014
In an award that both sides are hailing as a victory, an UNCITRAL panel has found that Indonesia’s criminal prosecution of a Saudi investor breached international law but that his negligence in supervising a bailed-out bank means he is not entitled to treaty protection.
Premium article - 17 December 2014
A UAE-led oil consortium has applied to the English courts to enforce an interim order worth US$100 million issued by an LCIA tribunal against Iraqi Kurdistan.
Premium article - 12 December 2014
In recent weeks, Weil Gotshal & Manges partner Arif Hyder Ali has received his first arbitrator appointment at ICSID, while Philippe Sands QC has joined three new panels and Brigitte Stern’s pending caseload at the centre has risen to 24.
Premium article - 25 October 2014
An ICSID decision awarding security for costs to the Caribbean island of St Lucia saw Gavan Griffith QC highlight the problem of litigation funders sharing the benefits of successful arbitration claims, while not bearing the adverse costs consequences should the claim fail. Alison Ross reports
Premium article - 24 October 2014
Australian arbitrator Gavan Griffith QC will continue to hear an ICSID claim brought by US oil company RSM against St Lucia, after a challenge to his position on the tribunal based on his alleged bias against third-party funders and their clients was rejected.
Premium article - 06 October 2014
LCIA director general Jacomijn van Haersolte-van Hof and Cherie Blair QC have received their first arbitrator appointments at ICSID in recent weeks, with Shearman & Sterling partner Yas Banifatemi also becoming a tribunal chair at the centre for the first time.
Premium article - 03 October 2014
An ICSID tribunal has dismissed a casino investor’s €322 million claim against Hungary, applying what the state’s counsel describe as a comprehensive test to determine whether an investor’s contractual rights have been expropriated.
Premium article - 25 September 2014
By Christopher Bogart, CEO of litigation financier Burford Capital