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Gambia fails in novel challenge to ICSID award

Gambia fails in novel challenge to ICSID award

08 July 2020

An ICSID annulment committee has upheld a US$23 million award against Gambia – rejecting a first-of-its-kind challenge by the state that the tribunal was improperly constituted after the centre stepped in to appoint its arbitrator.

US appeals courts split on discovery for commercial arbitration

US appeals courts split on discovery for commercial arbitration

08 July 2020

A US appeals court has refused to allow a Chinese businessman to obtain documents for use in a CIETAC proceeding – cementing a divide between the country's courts on whether they can grant discovery in aid of foreign commercial arbitrations.

The consultation on intra-EU investment protection: an opportunity that should not be missed

The consultation on intra-EU investment protection: an opportunity that should not be missed

08 July 2020

As the EU opens a public consultation on intra-EU investment protection, Paschalis Paschalidis of Shearman & Sterling argues that investors and other stakeholders should seize the opportunity to put forward constructive criticisms of the existing EU legal framework and suggest potential improvements.

PCA hears oil investor’s claim against Peru

PCA hears oil investor’s claim against Peru

08 July 2020

A tribunal at the Permanent Court of Arbitration is hearing a US$90 million investment treaty claim against Peru brought by a former citizen who alleges he lost a bid to operate two oil blocks because of bribes paid to a former president of the country.

SIAC to hear claim over Vietnamese gas block

SIAC to hear claim over Vietnamese gas block

08 July 2020

A Singaporean oil and gas company has filed a SIAC claim against a subsidiary of Japan’s Inpex Corporation over a deal to acquire a US$14 million stake in a Vietnamese offshore gas block.

Motorbike maker fails in NAFTA claim against Mexico

Motorbike maker fails in NAFTA claim against Mexico

07 July 2020

Mexico has defeated a reported US$3 billion NAFTA claim brought by a US motorcycle manufacturer over a customs duty imposed on its imported bikes after the state concluded they were being manufactured in China, not the US.

Funder seeks to enforce against Kyrgyzstan

Funder seeks to enforce against Kyrgyzstan

07 July 2020

An affiliate of Burford Capital has applied to a US court to enforce a US$24 million investment treaty award against Kyrgyzstan over the state’s expropriation of mining rights.

Veeder to be honoured at GAR Awards

Veeder to be honoured at GAR Awards

07 July 2020

The late VV Veeder QC will receive a lifetime achievement award at the virtual GAR Awards ceremony this week – featuring a film tribute from friends and former colleagues.

Shearman hires from Bird & Bird in London

Shearman hires from Bird & Bird in London

07 July 2020

Garreth Wong has left Bird & Bird after seven years to join Shearman & Sterling’s international arbitration team as partner in London.

SIAC to revise arbitration rules

SIAC to revise arbitration rules

07 July 2020

The Singapore International Arbitration Centre has begun the latest review of its arbitration rules, saying it will consider revisions dealing with consolidation, expedited procedures, challenges and new technology.