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Fraud claim upheld in Kenyan real estate dispute

Fraud claim upheld in Kenyan real estate dispute

18 July 2018

A New Zealand financier’s holding company has won permission to enforce a US$17 million LCIA award that upheld a fraud claim against his Kenyan partners in a multibillion-dollar real estate project near Nairobi.

Win declared in West African offshore drilling case

Win declared in West African offshore drilling case

18 July 2018

UPDATED. US company Kosmos Energy has won an ICC arbitration with its London-listed joint venture partner, Tullow Oil, arising from the termination of a contract for the hire of a drilling rig to use in disputed waters off the coast of West Africa that are claimed by both Ghana and Côte d'Ivoire.

Sri Lankan hotel award upheld in Singapore

Sri Lankan hotel award upheld in Singapore

18 July 2018

A Singaporean court has rejected a Sri Lankan developer’s challenge to an ICC award in a dispute over the interior furnishing of the Grand Hyatt Colombo, the first Hyatt-branded hotel in Sri Lanka.

SIAC arbitrator rules in Philippine oil-drilling dispute

SIAC arbitrator rules in Philippine oil-drilling dispute

17 July 2018

UK arbitrator and Herbert Smith Freehills partner Alastair Henderson has issued a US$19 million SIAC award in favour of a Malaysian oil company in a dispute over a breach of a contract to drill in the Philippines.

Spain faces solar claim from Japanese company

Spain faces solar claim from Japanese company

17 July 2018

Spain is facing yet another Energy Charter Treaty claim over reforms to its renewable energy regime, launched at ICSID by a Japanese company and relating to the largest solar photovoltaic power station in Europe and one of the largest in the world.

ExxonMobil allowed to proceed against Canada in NAFTA case

ExxonMobil allowed to proceed against Canada in NAFTA case

17 July 2018

A NAFTA claim brought by ExxonMobil against Canada over research and development spending requirements imposed on offshore drilling investors in the Canadian province of Newfoundland will continue, after an ICSID tribunal accepted jurisdiction.

Nigerian shareholder dispute reaches partial award

Nigerian shareholder dispute reaches partial award

17 July 2018

An LCIA tribunal has ruled that an investment vehicle linked to an Italian-Nigerian billionaire is owed US$680 million in a shareholder dispute with fellow investors in a major Nigerian oil company.

Ukraine’s state immunity plea fails in London

Ukraine’s state immunity plea fails in London

16 July 2018

A UK court has upheld its jurisdiction to enforce a US$112 million investment treaty award in favour of Russian oil producer Tatneft against Ukraine, rejecting arguments based on state immunity and the claimant’s alleged failure to make full and frank disclosure.

Debevoise promotes counsel in New York and London

Debevoise promotes counsel in New York and London

16 July 2018

Debevoise & Plimpton has promoted three new counsel in New York and London, including a member of the team representing Qatar in proceedings before the International Court of Justice arising from the Gulf blockade.

Ukrainian gas contract survives “collusion” claim

Ukrainian gas contract survives “collusion” claim

16 July 2018

A Stockholm Chamber of Commerce tribunal has rejected claims that a Ukrainian gas joint-venture agreement was procured through collusion or corruption, while ruling it must be terminated because changed circumstances including a royalty hike on gas sales have made it unworkable.