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Guaidó fails to halt US enforcement against Venezuela

Guaidó fails to halt US enforcement against Venezuela

06 November 2019

Venezuelan opposition leader Juan Guaidó has failed to persuade a US court to stay the enforcement of an ICSID award worth over US$400 million – after the court said it “may take years” to stabilise the country and transition to another political regime.

Pakistan settles billion-dollar award without payment

Pakistan settles billion-dollar award without payment

05 November 2019

Pakistan’s prime minister has announced a settlement with a Turkish energy company which will see the state avoid paying any part of an ICSID award worth US$1 billion, resolving a dispute that had seen the claimant face allegations of corruption.

Kuwait knocks out claim over tourism resort

Kuwait knocks out claim over tourism resort

05 November 2019

An ICSID panel has dismissed an Egyptian tourism investor’s US$320 million claim against Kuwait after finding it was manifestly without legal merit and had been filed before a cooling-off period had ended.

Russian firm hires from Dechert

Russian firm hires from Dechert

05 November 2019

Rybalkin Gortsunyan & Partners has hired an associate from Dechert as counsel in its Moscow office.

PetroVietnam faces claim from sanctioned Russian company

PetroVietnam faces claim from sanctioned Russian company

04 November 2019

A Russian engineering company hit with US sanctions has reportedly brought a SIAC claim against state-owned PetroVietnam over a stalled project to build a US$1.3 billion power plant.

Embattled Kosovo Telecom faces new ICC claim

Embattled Kosovo Telecom faces new ICC claim

04 November 2019

A mobile phone operator has filed an ICC claim against Kosovo Telecom after the financially troubled state entity chose not to renew a contract between the parties that has already led to a €31 million award.

Rio panel rules against Heineken in battle with distributors

Rio panel rules against Heineken in battle with distributors

04 November 2019

A Rio de Janeiro-seated tribunal has rejected a request by Heineken to terminate a long-term contract with Coca-Cola and 12 distributors in Brazil, in a blow to the Dutch brewer's plans to consolidate its operations in the country.

Kazakhstan held liable under Soviet treaty

Kazakhstan held liable under Soviet treaty

01 November 2019

An UNCITRAL tribunal has ordered Kazakhstan to pay more than US$50 million to a Canadian uranium mining company and its CEO for violating an investment treaty signed by the former Soviet Union – at the same time dismissing the bulk of the claim valued at more than US$2 billion.

Panel dissolves Chinese-Costa Rican refinery project

Panel dissolves Chinese-Costa Rican refinery project

01 November 2019

UPDATED WITH AWARD: An ICC tribunal has granted a Costa Rican state entity’s request to dissolve its joint venture with a Chinese counterpart in a politically sensitive dispute over a cancelled US$1.5 billion project to upgrade an oil refinery – while related criminal proceedings continue.

Kim & Chang hires partner from Yulchon

Kim & Chang hires partner from Yulchon

01 November 2019

Sae Youn Kim has left Seoul-based firm Yulchon, whose international arbitration practice she co-founded a decade ago, to join Kim & Chang as partner.