Topic: Criminal proceedings

A Dubai-based precious metals company has launched a US$75 million ICSID claim against Peru after it was targeted by authorities investigating alleged illegal gold trading and money laundering.

21 May 2021

The European Court of Human Rights has found that an Italian power company’s right to a fair trial was violated because of an arbitrator’s failure to disclose his ties to Enel – while declining to order Italy to pay compensation of €1.2 billion.

21 May 2021

Three Russian bankers have failed to knock out conspiracy claims brought against them in a UK court over an alleged US$800 million fraud, as related allegations are weighed by an LCIA tribunal.

23 March 2021

An ICSID tribunal hearing a claim against Serbia over the alleged expropriation of a dairy farm has refused to order the state to pause a criminal investigation into a key witness in the arbitration.

17 March 2021

The Court of Appeal in London has ruled that a US$2 billion lawsuit accusing Abu Dhabi-based shipbuilder Privinvest of paying bribes to secure contracts in Mozambique should be stayed in favour of arbitration in Switzerland.

11 March 2021

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

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

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

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

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