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Uruguay defeats multibillion-dollar mining claim

Uruguay defeats multibillion-dollar mining claim

07 August 2020

A tribunal at the Permanent Court of Arbitration has dismissed a US$4 billion investment treaty claim brought against Uruguay by the children of Indian mining investor Pramod Agarwal, ruling that their interest in a trust did not qualify as an investment.

Former Cooley lawyer charged in fraud scheme

Former Cooley lawyer charged in fraud scheme

07 August 2020

A former special counsel at Cooley has been charged in connection with an alleged fraud scheme spanning his time at the firm and at the Commonwealth Secretariat – with his wife, an anti-corruption lawyer, facing separate charges.

Timor Sea oil block dispute settles

Timor Sea oil block dispute settles

07 August 2020

An Asian-Australian consortium has settled a US$45 million ICC dispute with an East Timor government authority over a petroleum block in the Timor Sea.

Pemex liable for excess pipeline costs

Pemex liable for excess pipeline costs

07 August 2020

An ICC tribunal has ordered Mexican state oil company Pemex to pay US$38 million plus interest to a Norwegian-British engineering firm for excess costs connected to the construction of oil pipelines in the Gulf of Mexico.

Sierra Leone free to pursue criminal case, rules ICSID panel

Sierra Leone free to pursue criminal case, rules ICSID panel

07 August 2020

An ICSID tribunal hearing a claim against Sierra Leone has refused to restrain the state from pursuing criminal proceedings against several of the claimant’s local employees – who had been accused of inciting a deadly riot before the case was dropped without charge.

Tobacco investors put Ukraine on notice

Tobacco investors put Ukraine on notice

06 August 2020

Two international tobacco companies have threatened Ukraine with investment treaty claims over fines imposed for conspiring to monopolise the country’s cigarette market, with two other companies considering filing notices imminently.

Chevron defeats bid to enforce Amazonian pollution judgment

Chevron defeats bid to enforce Amazonian pollution judgment

06 August 2020

The Argentine Supreme Court has refused to enforce a US$9.5 billion judgment against Chevron over environmental pollution in the Amazon that an UNCITRAL tribunal has found to be a denial of justice.

Quinn Emanuel hires from Fried Frank

Quinn Emanuel hires from Fried Frank

06 August 2020

Justin Michaelson has left Fried Frank Harris Shriver & Jacobson after eight years to join the partnership at Quinn Emanuel Urquhart & Sullivan.

Investors in mass ICSID claim ordered to pay security

Investors in mass ICSID claim ordered to pay security

05 August 2020

An ICSID tribunal has ordered almost 1,000 Greek and Luxembourgish investors who are bringing a claim against Cyprus to pay security for costs, having previously noted the “unique” difficulty the state could face in recovering expenses from so many claimants.

Ukrainian state entity’s claim against Russia underway at PCA

Ukrainian state entity’s claim against Russia underway at PCA

05 August 2020

A Ukrainian state entity’s investment treaty claim against Russia over the expropriation of its Crimean assets is underway at the Permanent Court of Arbitration, with the tribunal rebuffing an early effort by the state to bifurcate the proceeding.