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Hong Kong publishes funding code

Hong Kong publishes funding code

10 December 2018

The Hong Kong government has published a code of practice for third-party funding of arbitration while announcing that long-awaited legal reforms expressly allowing funding of Hong Kong-seated arbitrations will come into effect early next year.

Join GAR for launch of Prague Rules this Friday

Join GAR for launch of Prague Rules this Friday

10 December 2018

This Friday, GAR will help to launch the Prague Rules at an event in the Czech capital. Tickets are still available for the event, which will include the signing of the rules and a commemorative photo of all attendees.

English court to rule on ownership of Kazakh assets

English court to rule on ownership of Kazakh assets

07 December 2018

The Commercial Court in London has ruled that it has jurisdiction to decide issues relating to the ownership of US$530 million in funds that were frozen by the Belgian courts in support of a bid to enforce an Energy Charter Treaty award against Kazakhstan.

The Pledge launches in India

07 December 2018

The Equal Representation in Arbitration Pledge has launched in India – with a new India steering committee devoted to promoting it and raising awareness of gender equality in arbitral appointments.

Shearman promotes Lat Am specialist

Shearman promotes Lat Am specialist

07 December 2018

Shearman & Sterling has promoted to partner a London-based Colombian who has advised on most of the Latin American disputes handled by the firm in recent years.

India challenges award in gas migration dispute

India challenges award in gas migration dispute

07 December 2018

India has asked the Delhi High Court to set aside an UNCITRAL award rejecting the state’s claims that Indian energy company Reliance Industries and its foreign partners profiteered from gas that the state says migrated into their offshore block from adjacent state-owned fields in the Bay of Bengal.

Salvaging from the Achmea wreckage

Salvaging from the Achmea wreckage

06 December 2018

A conference in Paris looked at the impact of the Court of Justice of the European Union’s judgment in Achmea and its "unintended consequences”, with one speaker saying we can still "save quite a lot from the wreck".

Achmea, viewed from Japan

Achmea, viewed from Japan

06 December 2018

The Investment Treaty Arbitration Committee of the Japan Association of Arbitrators has held its first event in Tokyo in conjunction with the Singapore International Arbitration Centre – including discussion of how Asian jurisdictions should respond to Achmea and other recent developments in Europe.

Philip Morris and Ukraine settle tax dispute

Philip Morris and Ukraine settle tax dispute

06 December 2018

Tobacco group Philip Morris will not proceed with a threatened investment treaty claim against Ukraine over a US$23 million tax bill, after the parties were able to agree a settlement.

Award upheld in battle of banks

Award upheld in battle of banks

06 December 2018

A Nigerian "bad bank" has failed in an attempt to set aside an LCIA award won by Qatar National Bank in a dispute over share dividends, after the Commercial Court in London held that the challenge was “no more than a thinly disguised attack on the correctness of findings made by the tribunal.”