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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.

Shipbuilder fails to enforce against Venezuela

Shipbuilder fails to enforce against Venezuela

19 June 2019

A US court has refused to enforce a US shipbuilder’s US$129 million award against Venezuela’s ministry of defence in a 17-year dispute over a contract to upgrade two missile-armed navy frigates.

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.

ICJ rejects UAE’s bid for measures against Qatar

ICJ rejects UAE’s bid for measures against Qatar

17 June 2019

The International Court of Justice has rejected a request by the United Arab Emirates for provisional measures pending a ruling on whether its blockade of Qatar is in breach of a treaty against racial discrimination.

Kobre & Kim hires from King & Spalding in London

Kobre & Kim hires from King & Spalding in London

17 June 2019

Nick Cherryman, a barrister who has acted in a number of high-profile Russia-related disputes, has left King & Spalding in London to join the partnership at Kobre & Kim.

Teynier Pic hires counsel from Montreal boutique

Teynier Pic hires counsel from Montreal boutique

17 June 2019

Sara Nadeau-Séguin, a Canadian practitioner who helped to defend Russia in the Yukos arbitrations, has joined Paris disputes boutique Teynier Pic as counsel from Woods in Montreal.

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.

Occidental brings claim against adviser over oil deal conflict

Occidental brings claim against adviser over oil deal conflict

14 June 2019

Houston-based Occidental Petroleum is reportedly pursuing arbitration against a New York corporate advisory firm over its work for a rival bidder in a recent takeover battle for US oil company Anadarko.