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Russian software group denied discovery in Delaware

Russian software group denied discovery in Delaware

21 September 2020

A Delaware court has refused a Russian software group’s bid for discovery from the private equity arm of JPMorgan Chase for use in a pair of LCIA arbitrations worth at least US$65 million, ruling that commercial arbitrations are not eligible for such relief.

Eversheds names new practice co-heads

Eversheds names new practice co-heads

21 September 2020

Eversheds Sutherland has appointed Jonathan Leach in London and New York-based Meriam Nazih Al-Rashid as global co-chairs of its international arbitration practice.

HKIAC provides update on interim measures in China

HKIAC provides update on interim measures in China

21 September 2020

Mainland Chinese courts have issued interim measures preserving at least US$1.3 billion in assets in aid of HKIAC-administered arbitrations in Hong Kong under a unique arrangement that came into effect in October last year, the institution says.

Algeria defeats bid to revive “abusive” multibillion claim

Algeria defeats bid to revive “abusive” multibillion claim

18 September 2020

A company managed by Egyptian billionaire Naguib Sawiris has failed to revive a US$4 billion ICSID claim against Algeria that was dismissed three years ago as an abuse of rights.

ASA teams up with Swiss Chambers

ASA teams up with Swiss Chambers

18 September 2020

The Swiss Arbitration Association is joining forces with the Swiss Chambers’ Arbitration Institution by purchasing a controlling stake in the centre.

Romania faces renewable energy claim

Romania faces renewable energy claim

18 September 2020

44 solar investors from Europe and the Middle East have filed an ICSID claim against Romania over changes to the state's renewables regime.

Chevron defeats Ecuador's challenge to denial of justice award

Chevron defeats Ecuador's challenge to denial of justice award

17 September 2020

A Dutch court has rejected Ecuador’s bid to overturn an investment treaty award holding it liable for denial of justice in its US$9.5 billion dispute with Chevron over environmental contamination in the Amazon.

Ad agency brings treaty claim against Czech Republic

Ad agency brings treaty claim against Czech Republic

17 September 2020

The world’s largest outdoor advertising company has made good on its threat to file a €40 million investment treaty claim against the Czech Republic over the termination of a long-term agreement for advertising space on Prague public transport.

Russian bank’s emergency award rebuffed in Ukraine

Russian bank’s emergency award rebuffed in Ukraine

17 September 2020

The Kiev Court of Appeal has refused to enforce an SCC emergency arbitrator award that restrained Ukraine from forcibly selling the assets of a Russian state-owned development bank.

US targets Clyde & Co award funds

US targets Clyde & Co award funds

17 September 2020

The US Department of Justice is attempting to seize the proceeds of an arbitral award held by Clyde & Co that Malaysian authorities say can be traced to the 1MDB corruption scandal.