Topic: Criminal proceedings

Clyde & Co spared order to transfer “1MDB” funds

A UK judge has refused to compel Clyde & Co to make payments to an arbitration client from escrow funds that US authorities have linked to the 1MDB embezzlement scandal in Malaysia.

01 March 2021

Oligarchs bring second ICSID claim against US

Companies controlled by Ukrainian oligarchs Igor Kolomoisky and Gennadiy Bogolyubov say they are launching a second ICSID claim against the United States over the targeting of assets they are accused of acquiring through money laundering.

23 February 2021

Convicted arbitrators’ award blocked in France

A French court has refused to enforce a US$26 million award against a prominent Qatari businessman that resulted in criminal convictions for the arbitrators – finding that their decision to move the arbitral seat and transform the case into an ad hoc proceeding was in breach of due process.

05 February 2021

Steinmetz found guilty of corruption in Geneva

A court in Geneva has found Israeli-French billionaire Beny Steinmetz guilty of paying bribes to secure mining rights in Guinea – allegations that have also been the subject of ICSID and LCIA arbitrations.

22 January 2021

Steinmetz bribery trial to begin in Switzerland

Israeli businessman Beny Steinmetz will face charges that he paid bribes to secure mining rights in Guinea during his criminal trial in Geneva starting on Monday, allegations that have also spawned LCIA and ICSID claims and a fraud suit in London.

08 January 2021

Equatorial Guinea loses ICJ claim over seized Paris mansion

The International Court of Justice has affirmed that diplomatic immunity does not extend to a Paris mansion seized by French authorities in aid of a corruption case against the son of Equatorial Guinea’s president.

14 December 2020

Azerbaijani state entity prevails in billion-dollar case

An LCIA tribunal has reportedly awarded damages to Azerbaijan’s national oil company in a billion-dollar dispute with a Turkish shipping group, whose founder has accused the state entity of providing false testimony that led to his imprisonment.

09 November 2020

ICC arbitrators targeted in Kenyan mobile dispute

A Kenyan company has obtained a court order in Nairobi requiring the ICC to turn over documents for use in a fraud suit against an arbitrator – and says it has filed related criminal complaints against tribunal members in France and Austria.

02 November 2020

Detained US investor settles Russian bank fight

A US businessman’s private equity group has settled a dispute over control of a Russian bank that led to LCIA arbitrations and litigation in five countries, while he remains under house arrest in Moscow on separate criminal charges.

30 October 2020

Romania secures extradition of ICSID witness

A London court has upheld a ruling allowing Romania to extradite the key witness in an ICSID case to face corruption charges – despite a recommendation by the arbitral tribunal that a warrant for his arrest be suspended.

23 October 2020

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